Interval Partners LP acquired a new stake in Saia, Inc. (NASDAQ:SAIA – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 124,699 shares of the transportation company’s stock, valued at approximately $40,717,000. Saia accounts for 0.7% of Interval Partners LP’s investment portfolio, making the stock its 29th largest holding. Interval Partners LP owned approximately 0.47% of Saia as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quarry LP lifted its stake in shares of Saia by 8,400.0% in the fourth quarter. Quarry LP now owns 85 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 84 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of Saia in the fourth quarter valued at about $36,000. Torren Management LLC acquired a new stake in shares of Saia in the fourth quarter valued at about $40,000. Larson Financial Group LLC lifted its stake in shares of Saia by 1,612.5% in the fourth quarter. Larson Financial Group LLC now owns 137 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 129 shares during the period. Finally, Allworth Financial LP lifted its stake in shares of Saia by 69.0% in the third quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 58 shares during the period.
Analysts Set New Price Targets
Several analysts recently commented on SAIA shares. Jefferies Financial Group raised their price objective 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. Susquehanna raised their price objective on shares of Saia from $425.00 to $465.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. Evercore set a $476.00 price objective on shares of Saia in a research note on Friday, May 1st. Benchmark reiterated a “buy” rating on shares of Saia in a research note on Wednesday, June 3rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Saia from $465.00 to $490.00 and gave the company an “overweight” rating in a report on Monday, June 8th. Nine analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $454.00.
Saia Stock Performance
Shares of NASDAQ SAIA opened at $425.86 on Thursday. The company has a market cap of $11.36 billion, a PE ratio of 44.73, a price-to-earnings-growth ratio of 2.18 and a beta of 2.10. Saia, Inc. has a 12 month low of $249.32 and a 12 month high of $494.71. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 1.52. The company has a 50-day simple moving average of $446.68 and a 200-day simple moving average of $386.89.
Saia (NASDAQ:SAIA – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.04. The business had revenue of $806.23 million during 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 company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.86 earnings per share. On average, equities analysts anticipate that Saia, Inc. will post 11.4 earnings per share for the current year.
Saia 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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