Callan Family Office LLC Purchases Shares of 3,003 Saia, Inc. $SAIA

Callan Family Office LLC purchased a new position in shares of Saia, Inc. (NASDAQ:SAIAFree Report) in the 2nd quarter, Holdings Channel.com reports. The fund purchased 3,003 shares of the transportation company’s stock, valued at approximately $1,265,000.

A number of other large investors also recently modified their holdings of SAIA. Danske Bank A S acquired a new position in shares of Saia in the 2nd quarter valued at about $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Saia during the 2nd quarter worth about $27,000. Quarry LP increased its position in Saia by 8,400.0% during the 4th quarter. Quarry LP now owns 85 shares of the transportation company’s stock worth $28,000 after purchasing an additional 84 shares in the last quarter. Meeder Asset Management Inc. increased its position in Saia by 360.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 69 shares of the transportation company’s stock worth $29,000 after purchasing an additional 54 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in Saia in the fourth quarter valued at approximately $36,000.

Analysts Set New Price Targets

SAIA has been the topic of a number of recent research reports. Bank of America raised shares of Saia from a “neutral” rating to a “buy” rating and lifted their price target for the company from $499.00 to $502.00 in a research report on Monday, July 13th. UBS Group dropped their price objective on shares of Saia from $527.00 to $504.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Susquehanna increased their target price on Saia from $465.00 to $470.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Weiss Ratings reiterated a “hold (c)” rating on shares of Saia in a report on Monday, August 3rd. Finally, Benchmark reissued a “buy” rating on shares of Saia in a research report on Wednesday, June 3rd. Thirteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Saia has an average rating of “Moderate Buy” and an average target price of $449.67.

View Our Latest Stock Report on SAIA

Saia Price Performance

Shares of NASDAQ SAIA opened at $362.15 on Monday. The business has a 50 day simple moving average of $405.76 and a 200-day simple moving average of $407.62. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.04. Saia, Inc. has a twelve month low of $249.32 and a twelve month high of $494.71. The company has a market capitalization of $9.66 billion, a price-to-earnings ratio of 34.96, a price-to-earnings-growth ratio of 1.63 and a beta of 2.14.

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

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.

Further Reading

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Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

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