SG Americas Securities LLC Has $2.26 Million Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

SG Americas Securities LLC lifted its position in shares of Saia, Inc. (NASDAQ:SAIA) by 388.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,756 shares of the transportation company’s stock after purchasing an additional 3,783 shares during the quarter. SG Americas Securities LLC’s holdings in Saia were worth $2,256,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of Saia by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 2,505,108 shares of the transportation company’s stock valued at $1,465,488,000 after acquiring an additional 15,605 shares in the last quarter. Capital Research Global Investors grew its position in Saia by 16.2% in the first quarter. Capital Research Global Investors now owns 1,069,332 shares of the transportation company’s stock valued at $625,559,000 after acquiring an additional 149,074 shares during the period. Artisan Partners Limited Partnership raised its stake in Saia by 1.9% during the fourth quarter. Artisan Partners Limited Partnership now owns 817,411 shares of the transportation company’s stock worth $358,206,000 after acquiring an additional 15,317 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of Saia by 6.8% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 708,420 shares of the transportation company’s stock valued at $414,425,000 after acquiring an additional 45,155 shares during the period. Finally, Wasatch Advisors LP boosted its stake in shares of Saia by 1.5% in the 4th quarter. Wasatch Advisors LP now owns 567,925 shares of the transportation company’s stock valued at $248,876,000 after purchasing an additional 8,599 shares in the last quarter.

Saia Price Performance

Shares of SAIA opened at $375.30 on Thursday. The stock has a 50 day simple moving average of $443.25 and a 200 day simple moving average of $487.66. Saia, Inc. has a 52-week low of $341.26 and a 52-week high of $628.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a market capitalization of $9.98 billion, a PE ratio of 27.20, a P/E/G ratio of 1.76 and a beta of 1.72.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. StockNews.com lowered shares of Saia from a “hold” rating to a “sell” rating in a research report on Monday, April 29th. Wells Fargo & Company cut their price objective on shares of Saia from $445.00 to $400.00 and set an “equal weight” rating on the stock in a report on Monday, July 29th. UBS Group dropped their target price on shares of Saia from $618.00 to $541.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Evercore ISI increased their price target on Saia from $523.00 to $566.00 and gave the company an “outperform” rating in a research note on Tuesday, June 25th. Finally, Stifel Nicolaus raised Saia from a “hold” rating to a “buy” rating and decreased their price objective for the stock from $526.00 to $475.00 in a research note on Friday, May 24th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $491.44.

Saia 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.