Life Cycle Investment Partners Ltd bought a new position in shares of Saia, Inc. (NASDAQ:SAIA – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 59,371 shares of the transportation company’s stock, valued at approximately $19,386,000. Life Cycle Investment Partners Ltd owned about 0.22% of Saia as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in shares of Saia during the 4th quarter worth approximately $202,000. Larson Financial Group LLC raised its position in shares of Saia by 1,612.5% during the 4th quarter. Larson Financial Group LLC now owns 137 shares of the transportation company’s stock worth $45,000 after purchasing an additional 129 shares during the period. Handelsbanken Fonder AB raised its position in shares of Saia by 17.6% during the 4th quarter. Handelsbanken Fonder AB now owns 8,298 shares of the transportation company’s stock worth $2,709,000 after purchasing an additional 1,240 shares during the period. North Dakota State Investment Board acquired a new stake in shares of Saia during the 4th quarter worth approximately $308,000. Finally, Stephens Investment Management Group LLC raised its position in shares of Saia by 7.8% during the 4th quarter. Stephens Investment Management Group LLC now owns 127,193 shares of the transportation company’s stock worth $41,531,000 after purchasing an additional 9,247 shares during the period.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the company. Citigroup increased their price target on Saia from $428.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Stifel Nicolaus set a $450.00 price target on Saia in a research report on Friday, May 1st. BMO Capital Markets set a $425.00 price target on Saia in a research report on Thursday, February 19th. UBS Group reiterated a “buy” rating and set a $493.00 price target on shares of Saia in a research report on Wednesday, February 11th. Finally, Benchmark increased their price target on Saia from $425.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Ten analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $444.94.
Saia Stock Performance
SAIA opened at $456.23 on Friday. The firm has a market cap of $12.17 billion, a PE ratio of 47.92, a P/E/G ratio of 2.18 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. The business has a fifty day simple moving average of $398.83 and a 200-day simple moving average of $361.52. Saia, Inc. has a fifty-two week low of $248.37 and a fifty-two week high of $471.73.
Saia (NASDAQ:SAIA – Get Free Report) last issued its earnings results on Thursday, April 30th. The transportation company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.82 by $0.04. Saia had a return on equity of 9.60% and a net margin of 7.84%.The business had revenue of $806.23 million during the quarter, compared to analysts’ expectations of $789.08 million. During the same quarter last year, the firm posted $1.86 earnings per share. Saia’s revenue was up 2.4% compared to the same quarter last year. As a group, equities analysts predict that Saia, Inc. will post 11.38 EPS 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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