Mitsubishi UFJ Trust & Banking Corp Acquires Shares of 2,147 Saia, Inc. $SAIA

Mitsubishi UFJ Trust & Banking Corp bought a new position in shares of Saia, Inc. (NASDAQ:SAIAFree Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,147 shares of the transportation company’s stock, valued at approximately $904,000.

A number of other large investors have also modified their holdings of the business. Viking Global Investors LP acquired a new stake in shares of Saia in the second quarter valued at about $226,770,000. Invesco Ltd. lifted its stake in shares of Saia by 1,300.4% in the third quarter. Invesco Ltd. now owns 701,418 shares of the transportation company’s stock worth $209,976,000 after buying an additional 651,332 shares in the last quarter. Norges Bank acquired a new position in Saia during the fourth quarter worth about $130,411,000. Freestone Grove Partners LP acquired a new position in Saia during the third quarter worth about $56,305,000. Finally, First Trust Advisors LP grew its stake in Saia by 33.0% during the 4th quarter. First Trust Advisors LP now owns 740,798 shares of the transportation company’s stock valued at $241,885,000 after acquiring an additional 183,669 shares in the last quarter.

Saia Trading Up 1.1%

NASDAQ SAIA opened at $384.32 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a market capitalization of $10.25 billion, a P/E ratio of 37.10, a PEG ratio of 1.73 and a beta of 2.14. The firm’s 50-day moving average is $416.93 and its two-hundred day moving average is $406.56. Saia, Inc. has a 12 month low of $249.32 and a 12 month high of $494.71.

Saia (NASDAQ:SAIAGet Free Report) last announced its quarterly earnings results on Thursday, July 30th. The transportation company reported $3.51 earnings per share for the quarter, beating analysts’ consensus estimates of $3.38 by $0.13. The business had revenue of $956.49 million during the quarter, compared to analysts’ expectations of $956.20 million. Saia had a net margin of 8.19% and a return on equity of 10.21%. The business’s revenue for the quarter was up 17.1% on a year-over-year basis. During the same period last year, the business earned $2.67 earnings per share. On average, sell-side analysts anticipate that Saia, Inc. will post 11.44 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Evercore raised shares of Saia from an “in-line” rating to an “outperform” rating in a research note on Wednesday, July 1st. Bank of America upgraded Saia from a “neutral” rating to a “buy” rating and upped their price target for the company from $499.00 to $502.00 in a research report on Monday, July 13th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $476.00 price target on shares of Saia in a report on Thursday, July 30th. Citigroup reduced their price objective on Saia from $488.00 to $423.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Finally, UBS Group lowered their price objective on Saia from $527.00 to $504.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Thirteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Saia presently has a consensus rating of “Moderate Buy” and a consensus target price of $449.67.

Get Our Latest Analysis on Saia

Saia Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

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