Thrivent Financial for Lutherans raised its holdings in Saia, Inc. (NASDAQ:SAIA – Free Report) by 21.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 31,988 shares of the transportation company’s stock after buying an additional 5,664 shares during the quarter. Thrivent Financial for Lutherans owned 0.12% of Saia worth $10,445,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in shares of Saia in the 4th quarter valued at $232,000. Sequoia Financial Advisors LLC boosted its stake in shares of Saia by 59.1% in the 4th quarter. Sequoia Financial Advisors LLC now owns 1,685 shares of the transportation company’s stock valued at $550,000 after purchasing an additional 626 shares in the last quarter. Indivisible Partners acquired a new stake in shares of Saia in the 4th quarter valued at $313,000. Danske Bank A S boosted its stake in shares of Saia by 50.0% in the 4th quarter. Danske Bank A S now owns 300 shares of the transportation company’s stock valued at $98,000 after purchasing an additional 100 shares in the last quarter. Finally, Torren Management LLC acquired a new stake in shares of Saia in the 4th quarter valued at $40,000.
Wall Street Analyst Weigh In
SAIA has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of Saia from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Jefferies Financial Group boosted their target price on shares of Saia from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Wells Fargo & Company boosted their target price on shares of Saia from $395.00 to $445.00 and gave the company an “equal weight” rating in a research note on Friday, May 1st. BMO Capital Markets set a $425.00 target price on shares of Saia in a research note on Thursday, February 19th. Finally, Wolfe Research upgraded shares of Saia from a “peer perform” rating to an “outperform” rating in a research note on Tuesday, April 7th. Ten equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $444.94.
Saia Stock Down 2.0%
Shares of NASDAQ SAIA opened at $448.95 on Wednesday. The firm’s 50-day simple moving average is $392.53 and its 200 day simple moving average is $358.39. The company has a market cap of $11.97 billion, a price-to-earnings ratio of 47.16, a price-to-earnings-growth ratio of 2.19 and a beta of 2.12. 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 $464.63.
Saia (NASDAQ:SAIA – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.04. The business had revenue of $806.23 million for the quarter, compared to the consensus estimate of $789.08 million. Saia had a net margin of 7.84% and a return on equity of 9.60%. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.86 EPS. On average, research analysts expect that Saia, Inc. will post 11.38 earnings per share for the current fiscal year.
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.
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