Havemeyer Place LP Makes New Investment in Saia, Inc. $SAIA

Havemeyer Place LP bought a new position in shares of Saia, Inc. (NASDAQ:SAIA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,680 shares of the transportation company’s stock, valued at approximately $875,000.

Several other large investors also recently bought and sold shares of the stock. Parallel Advisors LLC grew its position in Saia by 5.8% during the 4th quarter. Parallel Advisors LLC now owns 563 shares of the transportation company’s stock worth $184,000 after purchasing an additional 31 shares during the last quarter. Boothbay Fund Management LLC grew its position in Saia by 3.2% during the 2nd quarter. Boothbay Fund Management LLC now owns 1,401 shares of the transportation company’s stock worth $384,000 after purchasing an additional 43 shares during the last quarter. Vident Advisory LLC grew its position in Saia by 4.4% during the 2nd quarter. Vident Advisory LLC now owns 1,075 shares of the transportation company’s stock worth $295,000 after purchasing an additional 45 shares during the last quarter. Park Avenue Securities LLC grew its position in Saia by 2.0% during the 4th quarter. Park Avenue Securities LLC now owns 2,369 shares of the transportation company’s stock worth $774,000 after purchasing an additional 46 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position 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 purchasing an additional 46 shares during the last quarter.

Analyst Ratings Changes

Several research firms have weighed in on SAIA. Weiss Ratings raised shares of Saia from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Wells Fargo & Company boosted their target price on shares of Saia from $445.00 to $490.00 and gave the stock an “equal weight” rating in a research report on Friday. The Goldman Sachs Group reissued a “buy” rating and set a $441.00 target price on shares of Saia in a research report on Thursday, April 30th. Benchmark reissued a “buy” rating on shares of Saia in a research report on Wednesday, June 3rd. Finally, Wolfe Research raised shares of Saia from a “peer perform” rating to an “outperform” rating in a research report on Tuesday, April 7th. Ten analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $453.56.

Saia Trading Up 3.0%

NASDAQ SAIA opened at $480.68 on Tuesday. The company has a market capitalization of $12.82 billion, a PE ratio of 50.49, a P/E/G ratio of 2.23 and a beta of 2.10. The company has a fifty day moving average of $430.42 and a 200 day moving average of $377.14. Saia, Inc. has a 1 year low of $249.00 and a 1 year high of $489.43. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 1.52.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.82 by $0.04. The business had revenue of $806.23 million during the quarter, compared to analyst estimates of $789.08 million. Saia had a return on equity of 9.60% and a net margin of 7.84%.The company’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the business posted $1.86 EPS. Research analysts forecast that Saia, Inc. will post 11.39 earnings per share for the current year.

About Saia

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.