Westfield Capital Management Co. LP Acquires 31,991 Shares of Saia, Inc. (NASDAQ:SAIA)

Westfield Capital Management Co. LP grew its holdings in Saia, Inc. (NASDAQ:SAIA) by 11.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 303,582 shares of the transportation company’s stock after buying an additional 31,991 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Saia were worth $132,744,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Blue Trust Inc. raised its holdings in shares of Saia by 161.5% in the 2nd quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 42 shares in the last quarter. Quarry LP bought a new stake in shares of Saia in the 2nd quarter valued at about $41,000. International Assets Investment Management LLC bought a new stake in shares of Saia in the 2nd quarter valued at about $42,000. Paladin Wealth LLC bought a new stake in shares of Saia in the 3rd quarter valued at about $40,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Saia by 754.5% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 83 shares in the last quarter.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Bank of America boosted their price target on shares of Saia from $443.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, September 5th. JPMorgan Chase & Co. boosted their price objective on shares of Saia from $479.00 to $481.00 and gave the stock an “overweight” rating in a research note on Friday, September 6th. Evercore ISI reduced their price objective on shares of Saia from $503.00 to $488.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. TD Cowen boosted their price objective on shares of Saia from $416.00 to $418.00 and gave the stock a “hold” rating in a research note on Thursday, September 5th. Finally, Wells Fargo & Company boosted their price objective on shares of Saia from $400.00 to $410.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $506.00.

Saia Stock Down 1.4 %

SAIA stock opened at $541.69 on Friday. The firm’s fifty day simple moving average is $472.25 and its 200-day simple moving average is $440.07. Saia, Inc. has a 12 month low of $358.90 and a 12 month high of $628.34. The company has a market capitalization of $14.40 billion, a P/E ratio of 38.69, a price-to-earnings-growth ratio of 3.03 and a beta of 1.73. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.26.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). Saia had a return on equity of 18.00% and a net margin of 11.83%. The firm had revenue of $842.10 million for the quarter, compared to analysts’ expectations of $839.82 million. During the same period last year, the company posted $3.67 earnings per share. The business’s quarterly revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts forecast that Saia, Inc. will post 13.54 earnings per share for the current year.

Saia Company Profile

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.