Capital International Investors decreased its position in shares of Saia, Inc. (NASDAQ:SAIA – Free Report) by 21.4% in the fourth quarter, HoldingsChannel reports. The fund owned 1,115,424 shares of the transportation company’s stock after selling 303,638 shares during the quarter. Capital International Investors’ holdings in Saia were worth $364,226,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of SAIA. AQR Capital Management LLC raised its holdings in shares of Saia by 52.4% in the first quarter. AQR Capital Management LLC now owns 1,781 shares of the transportation company’s stock worth $622,000 after buying an additional 612 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Saia by 334.3% in the first quarter. Jones Financial Companies Lllp now owns 873 shares of the transportation company’s stock worth $305,000 after buying an additional 672 shares during the last quarter. California Public Employees Retirement System raised its holdings in shares of Saia by 4.3% in the second quarter. California Public Employees Retirement System now owns 32,543 shares of the transportation company’s stock worth $8,916,000 after buying an additional 1,356 shares during the last quarter. Qube Research & Technologies Ltd purchased a new position in shares of Saia in the second quarter worth $11,599,000. Finally, Frontier Capital Management Co. LLC purchased a new position in shares of Saia in the second quarter worth $13,943,000.
Saia Stock Performance
SAIA stock opened at $466.51 on Monday. The company’s 50-day simple moving average is $427.54 and its 200-day simple moving average is $375.60. 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 52-week low of $249.00 and a 52-week high of $485.00. The firm has a market cap of $12.44 billion, a P/E ratio of 49.00, a PEG ratio of 2.23 and a beta of 2.10.
Analyst Ratings Changes
A number of research firms have issued reports on SAIA. Bank of America raised their price target on shares of Saia from $413.00 to $429.00 and gave the stock a “neutral” rating in a report on Tuesday, March 3rd. Evercore set a $476.00 target price on shares of Saia in a report on Friday, May 1st. Citigroup raised their target price on shares of Saia from $428.00 to $516.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Raymond James Financial reissued an “outperform” rating and set a $477.00 target price on shares of Saia in a report on Friday, May 1st. Finally, TD Cowen raised their target price on shares of Saia from $367.00 to $445.00 and gave the stock a “hold” rating in a report on Friday, May 1st. Ten research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $452.17.
View Our Latest Stock Analysis 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.
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