Baird Financial Group Inc. Has $334,000 Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

Baird Financial Group Inc. lifted its holdings in shares of Saia, Inc. (NASDAQ:SAIAGet Rating) by 13.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 1,774 shares of the transportation company’s stock after buying an additional 217 shares during the period. Baird Financial Group Inc.’s holdings in Saia were worth $334,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Saia by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 2,632,331 shares of the transportation company’s stock worth $641,815,000 after buying an additional 39,660 shares during the last quarter. Capital International Investors boosted its stake in shares of Saia by 10.2% during the 1st quarter. Capital International Investors now owns 1,583,500 shares of the transportation company’s stock worth $386,089,000 after buying an additional 146,262 shares during the last quarter. State Street Corp raised its holdings in shares of Saia by 4.1% in the 1st quarter. State Street Corp now owns 896,627 shares of the transportation company’s stock valued at $218,616,000 after purchasing an additional 35,076 shares during the period. Goldman Sachs Group Inc. raised its holdings in shares of Saia by 49.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 712,195 shares of the transportation company’s stock valued at $173,648,000 after purchasing an additional 236,105 shares during the period. Finally, Congress Asset Management Co. MA raised its holdings in shares of Saia by 6.5% in the 2nd quarter. Congress Asset Management Co. MA now owns 480,508 shares of the transportation company’s stock valued at $90,335,000 after purchasing an additional 29,301 shares during the period.

Insider Buying and Selling

In related news, Director Di-Ann Eisnor sold 456 shares of the stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $224.04, for a total transaction of $102,162.24. Following the sale, the director now owns 5,835 shares in the company, valued at approximately $1,307,273.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.50% of the stock is currently owned by company insiders.

Saia Stock Performance

NASDAQ SAIA opened at $230.83 on Wednesday. The company has a current ratio of 1.63, a quick ratio of 1.63 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $6.11 billion, a price-to-earnings ratio of 17.09, a P/E/G ratio of 1.03 and a beta of 1.38. The firm’s 50 day simple moving average is $205.80 and its 200 day simple moving average is $206.61. Saia, Inc. has a 1 year low of $168.03 and a 1 year high of $357.08.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on SAIA. Susquehanna Bancshares upped their target price on shares of Saia from $265.00 to $270.00 in a report on Thursday, July 28th. Raymond James dropped their target price on shares of Saia from $245.00 to $235.00 and set an “outperform” rating on the stock in a report on Friday, October 14th. StockNews.com started coverage on shares of Saia in a report on Wednesday, October 12th. They issued a “hold” rating on the stock. Susquehanna increased their price target on shares of Saia from $265.00 to $270.00 in a report on Thursday, July 28th. Finally, Stifel Nicolaus lowered their price target on shares of Saia from $238.00 to $229.00 in a report on Thursday, July 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $254.53.

Saia Profile

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Saia, Inc, through its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 400 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. As of December 31, 2021, it operated 176 owned and leased facilities; and owned approximately 5,600 tractors and 19,300 trailers.

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Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

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