Principal Financial Group Inc. raised its position in shares of Saia, Inc. (NASDAQ:SAIA – Free Report) by 3.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,496 shares of the transportation company’s stock after purchasing an additional 2,171 shares during the quarter. Principal Financial Group Inc. owned 0.22% of Saia worth $20,900,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its position 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 period. Jones Financial Companies Lllp raised its position in Saia by 334.3% during the first quarter. Jones Financial Companies Lllp now owns 873 shares of the transportation company’s stock valued at $305,000 after buying an additional 672 shares during the period. California Public Employees Retirement System lifted its stake in Saia by 4.3% in the 2nd quarter. California Public Employees Retirement System now owns 32,543 shares of the transportation company’s stock worth $8,916,000 after acquiring an additional 1,356 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in Saia in the 2nd quarter worth about $11,599,000. Finally, Frontier Capital Management Co. LLC acquired a new stake in Saia during the 2nd quarter worth about $13,943,000.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on SAIA. Raymond James Financial dropped their target price on Saia from $477.00 to $475.00 and set an “outperform” rating on the stock in a report on Monday, July 13th. TD Cowen boosted their price objective on shares of Saia from $367.00 to $445.00 and gave the company a “hold” rating in a research report on Friday, May 1st. Morgan Stanley upped their price objective on shares of Saia from $265.00 to $295.00 and gave the company an “underweight” rating in a research note on Monday, July 6th. Wall Street Zen upgraded shares of Saia from a “sell” rating to a “hold” rating in a research report on Monday, May 4th. Finally, The Goldman Sachs Group boosted their price target on shares of Saia from $441.00 to $494.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Saia presently has a consensus rating of “Moderate Buy” and an average target price of $462.72.
Saia Stock Up 1.2%
Shares of Saia stock opened at $433.22 on Wednesday. The firm has a market cap of $11.55 billion, a price-to-earnings ratio of 45.51, a P/E/G ratio of 2.01 and a beta of 2.13. The stock has a 50-day simple moving average of $446.46 and a 200-day simple moving average of $403.56. Saia, Inc. has a 52-week low of $249.32 and a 52-week 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.
Saia (NASDAQ:SAIA – Get Free Report) last released its quarterly earnings data 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 firm had revenue of $806.23 million for the quarter, compared to the consensus estimate of $789.08 million. Saia had a return on equity of 9.60% and a net margin of 7.84%.The firm’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.86 earnings per share. On average, equities research analysts expect that Saia, Inc. will post 11.42 earnings per share for the current fiscal 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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