Militia Capital Management LLC acquired a new position in Saia, Inc. (NASDAQ:SAIA – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 6,060 shares of the transportation company’s stock, valued at approximately $2,129,000.
A number of other institutional investors have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its stake in shares of Saia by 2.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,798,841 shares of the transportation company’s stock worth $587,358,000 after purchasing an additional 43,690 shares during the period. Viking Global Investors LP grew its position in Saia by 67.2% during 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 buying an additional 556,229 shares during the period. Invesco Ltd. increased its holdings in Saia by 31.7% during the fourth quarter. Invesco Ltd. now owns 923,912 shares of the transportation company’s stock worth $301,676,000 after buying an additional 222,494 shares during the last quarter. Wasatch Advisors LP increased its holdings in Saia by 25.3% during the second quarter. Wasatch Advisors LP now owns 825,687 shares of the transportation company’s stock worth $226,230,000 after buying an additional 166,486 shares during the last quarter. Finally, First Trust Advisors LP raised its position in Saia by 8.6% in the first quarter. First Trust Advisors LP now owns 804,284 shares of the transportation company’s stock worth $282,529,000 after acquiring an additional 63,486 shares during the period.
Saia Stock Down 1.6%
Shares of NASDAQ SAIA opened at $426.29 on Thursday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. The company has a market cap of $11.37 billion, a P/E ratio of 44.78, a P/E/G ratio of 2.03 and a beta of 2.13. Saia, Inc. has a 52 week low of $249.32 and a 52 week high of $494.71. The business has a 50-day simple moving average of $446.35 and a two-hundred day simple moving average of $404.26.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on SAIA shares. Raymond James Financial dropped their target price on shares of Saia from $477.00 to $475.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. The Goldman Sachs Group increased their price objective on Saia from $441.00 to $494.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Stifel Nicolaus set a $450.00 target price on Saia in a research report on Friday, May 1st. Morgan Stanley upped their price target on Saia from $265.00 to $295.00 and gave the company an “underweight” rating in a research report on Monday, July 6th. Finally, Jefferies Financial Group increased their price target on Saia from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $462.72.
Get Our Latest Analysis on Saia
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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