Hsbc Holdings PLC purchased a new stake in Saia, Inc. (NASDAQ:SAIA – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,919 shares of the transportation company’s stock, valued at approximately $3,319,000.
A number of other large investors have also made changes to their positions in the company. Danske Bank A S acquired a new stake in Saia during the 2nd quarter worth $25,000. Caitong International Asset Management Co. Ltd bought a new position in Saia during the 2nd quarter worth about $27,000. Quarry LP raised its stake in shares of Saia by 8,400.0% in the 4th quarter. Quarry LP now owns 85 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 84 shares during the period. Meeder Asset Management Inc. lifted its holdings in shares of Saia by 360.0% in the second quarter. Meeder Asset Management Inc. now owns 69 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 54 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Saia during the fourth quarter worth about $36,000.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on SAIA shares. Stephens dropped their target price on Saia from $520.00 to $490.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Benchmark reissued a “buy” rating on shares of Saia in a research report on Wednesday, June 3rd. Wells Fargo & Company decreased their target price on shares of Saia from $490.00 to $400.00 and set an “equal weight” rating for the company in a research report on Friday, July 31st. UBS Group lowered their price target on shares of Saia from $527.00 to $504.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Saia in a research note on Monday, August 3rd. Thirteen research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Saia currently has an average rating of “Moderate Buy” and a consensus target price of $449.67.
Saia Trading Down 0.2%
NASDAQ SAIA opened at $352.25 on Friday. The company has a market cap of $9.39 billion, a PE ratio of 34.00, a PEG ratio of 1.59 and a beta of 2.14. 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 12 month low of $249.32 and a 12 month high of $494.71. The stock has a 50 day moving average of $396.18 and a 200-day moving average of $405.81.
Saia (NASDAQ:SAIA – Get Free Report) last issued its earnings results on Thursday, July 30th. The transportation company reported $3.51 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $956.20 million. During the same period in the previous year, the company earned $2.67 earnings per share. The firm’s revenue for the quarter was up 17.1% on a year-over-year basis. On average, equities research analysts anticipate that Saia, Inc. will post 11.44 EPS 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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