Bessemer Group Inc. reduced its holdings in Saia, Inc. (NASDAQ:SAIA – Free Report) by 9.2% in the 4th quarter, Holdings Channel reports. The fund owned 459,104 shares of the transportation company’s stock after selling 46,418 shares during the period. Bessemer Group Inc.’s holdings in Saia were worth $149,908,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of SAIA. Parallel Advisors LLC raised its stake in shares of Saia by 7.3% during the 3rd quarter. Parallel Advisors LLC now owns 532 shares of the transportation company’s stock worth $159,000 after purchasing an additional 36 shares in the last quarter. GHP Investment Advisors Inc. raised its stake in shares of Saia by 0.5% during the 3rd quarter. GHP Investment Advisors Inc. now owns 8,182 shares of the transportation company’s stock worth $2,449,000 after purchasing an additional 38 shares in the last quarter. Boothbay Fund Management LLC raised its stake in shares of Saia by 3.2% during the 2nd quarter. Boothbay Fund Management LLC now owns 1,401 shares of the transportation company’s stock worth $384,000 after purchasing an additional 43 shares in the last quarter. Vident Advisory LLC raised its stake in shares of Saia by 4.4% during the 2nd quarter. Vident Advisory LLC now owns 1,075 shares of the transportation company’s stock worth $295,000 after purchasing an additional 45 shares in the last quarter. Finally, Park Avenue Securities LLC raised its stake in shares of Saia by 2.0% during the 4th quarter. Park Avenue Securities LLC now owns 2,369 shares of the transportation company’s stock worth $774,000 after purchasing an additional 46 shares in the last quarter.
Saia Stock Performance
SAIA opened at $459.29 on Friday. The firm has a market capitalization of $12.25 billion, a P/E ratio of 48.24, a price-to-earnings-growth ratio of 2.06 and a beta of 2.12. The stock’s 50 day moving average price is $388.60 and its two-hundred day moving average price is $354.76. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. Saia, Inc. has a 12-month low of $248.37 and a 12-month high of $462.48.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on SAIA shares. Wells Fargo & Company raised their price target on Saia from $395.00 to $445.00 and gave the stock an “equal weight” rating in a research note on Friday, May 1st. Wall Street Zen raised Saia from a “sell” rating to a “hold” rating in a research note on Monday, May 4th. Benchmark raised their price target on Saia from $425.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Wolfe Research raised Saia from a “peer perform” rating to an “outperform” rating in a report on Tuesday, April 7th. Finally, Jefferies Financial Group increased their price objective on Saia from $500.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Ten equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $444.94.
Read Our Latest Research Report on Saia
Saia Company Profile
Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.
The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.
Read More
- Five stocks we like better than Saia
- YETI Rallies After Earnings Beat and Raised Outlook
- How the 3 Leading Quantum Firms Stack Up After Q1 Earnings
- Cisco’s Vertical Rally May Still Be in the Early Innings
- Amazon vs. Alibaba: One Is Clearly The Better Value Play right Now
Want to see what other hedge funds are holding SAIA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Saia, Inc. (NASDAQ:SAIA – Free Report).
Receive News & Ratings for Saia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saia and related companies with MarketBeat.com's FREE daily email newsletter.
