Northwestern Mutual Wealth Management Co. Buys 176,879 Shares of Saia, Inc. $SAIA

Northwestern Mutual Wealth Management Co. lifted its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 42,417.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 177,296 shares of the transportation company’s stock after purchasing an additional 176,879 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Saia were worth $57,891,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in SAIA. State of Wyoming bought a new stake in shares of Saia during the 3rd quarter valued at approximately $30,000. Torren Management LLC bought a new stake in Saia during the 4th quarter worth approximately $40,000. Allworth Financial LP grew its holdings in Saia by 69.0% during the 3rd quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock worth $43,000 after acquiring an additional 58 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Saia by 46.9% during the 4th quarter. Farther Finance Advisors LLC now owns 144 shares of the transportation company’s stock worth $47,000 after acquiring an additional 46 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC grew its holdings in Saia by 6,400.0% during the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 195 shares of the transportation company’s stock worth $58,000 after acquiring an additional 192 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SAIA shares. Stephens boosted their target price on shares of Saia from $414.00 to $445.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. JPMorgan Chase & Co. boosted their target price on shares of Saia from $402.00 to $465.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Raymond James Financial reissued an “outperform” rating and set a $477.00 target price on shares of Saia in a report on Friday, May 1st. Weiss Ratings raised shares of Saia from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Finally, Evercore set a $476.00 target price on shares of Saia in a report on Friday, May 1st. Ten research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $444.94.

Saia Price Performance

Shares of NASDAQ SAIA opened at $460.38 on Monday. The company has a market capitalization of $12.28 billion, a P/E ratio of 48.36, a price-to-earnings-growth ratio of 2.20 and a beta of 2.12. Saia, Inc. has a 52-week low of $248.37 and a 52-week high of $463.12. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.52 and a current ratio of 1.52. The company’s 50 day moving average price is $389.52 and its 200-day moving average price is $355.96.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.04. The firm had revenue of $806.23 million for the quarter, compared to the consensus estimate of $789.08 million. Saia had a net margin of 7.84% and a return on equity of 9.60%. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.86 EPS. Equities analysts forecast that Saia, Inc. will post 11.36 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.