Jupiter Topco LLC acquired a new position in shares of Saia, Inc. (NASDAQ:SAIA – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 334,749 shares of the transportation company’s stock, valued at approximately $140,979,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. lifted its position in Saia by 6.6% during the 2nd quarter. BlackRock Inc. now owns 2,545,731 shares of the transportation company’s stock worth $1,072,160,000 after acquiring an additional 156,628 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Saia by 2.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,798,841 shares of the transportation company’s stock valued at $587,358,000 after acquiring an additional 43,690 shares during the period. Viking Global Investors LP grew its position in shares of Saia by 67.2% in the third quarter. Viking Global Investors LP now owns 1,383,888 shares of the transportation company’s stock valued at $414,281,000 after purchasing an additional 556,229 shares during the last quarter. Invesco Ltd. grew its position in shares of Saia by 31.7% in the fourth quarter. Invesco Ltd. now owns 923,912 shares of the transportation company’s stock valued at $301,676,000 after purchasing an additional 222,494 shares during the last quarter. Finally, Wasatch Advisors LP increased its stake in shares of Saia by 25.3% in the second quarter. Wasatch Advisors LP now owns 825,687 shares of the transportation company’s stock worth $226,230,000 after purchasing an additional 166,486 shares during the period.
Analyst Ratings Changes
Several analysts recently weighed in on SAIA shares. Morgan Stanley decreased their target price on Saia from $295.00 to $285.00 and set an “underweight” rating for the company in a research note on Friday, July 31st. Wells Fargo & Company dropped their price target on Saia from $490.00 to $400.00 and set an “equal weight” rating on the stock in a research report on Friday, July 31st. Evercore upgraded Saia from an “in-line” rating to an “outperform” rating in a report on Wednesday, July 1st. JPMorgan Chase & Co. increased their price objective on Saia from $490.00 to $498.00 and gave the company an “overweight” rating in a research report on Friday, July 31st. Finally, Citigroup lowered their price objective on shares of Saia from $488.00 to $423.00 and set a “buy” rating on the stock in a research note on Tuesday, August 4th. Thirteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Saia currently has a consensus rating of “Moderate Buy” and an average target price of $449.67.
Saia Stock Up 1.7%
SAIA stock opened at $349.83 on Thursday. Saia, Inc. has a twelve month low of $249.32 and a twelve month high of $494.71. The company has a market cap of $9.33 billion, a PE ratio of 33.77, a price-to-earnings-growth ratio of 1.55 and a beta of 2.14. The business’s 50-day simple moving average is $399.48 and its 200 day simple moving average is $406.62. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.04.
Saia (NASDAQ:SAIA – Get 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 return on equity of 10.21% and a net margin of 8.19%.The firm had revenue of $956.49 million during the quarter, compared to analysts’ expectations of $956.20 million. During the same quarter in the prior year, the firm posted $2.67 EPS. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. On average, research analysts anticipate that Saia, Inc. will post 11.44 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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