Saia, Inc. $SAIA Shares Purchased by Militia Capital Partners LP

Militia Capital Partners LP increased its position in shares of Saia, Inc. (NASDAQ:SAIA) by 173.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,460 shares of the transportation company’s stock after purchasing an additional 1,560 shares during the period. Militia Capital Partners LP’s holdings in Saia were worth $803,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SAIA. AQR Capital Management LLC boosted its stake in Saia by 52.4% in the first quarter. AQR Capital Management LLC now owns 1,781 shares of the transportation company’s stock valued at $622,000 after acquiring an additional 612 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Saia by 334.3% in the first quarter. Jones Financial Companies Lllp now owns 873 shares of the transportation company’s stock valued at $305,000 after acquiring an additional 672 shares in the last quarter. California Public Employees Retirement System boosted its stake in Saia by 4.3% in the second quarter. California Public Employees Retirement System now owns 32,543 shares of the transportation company’s stock valued at $8,916,000 after acquiring an additional 1,356 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in Saia in the second quarter valued at $11,599,000. Finally, Frontier Capital Management Co. LLC acquired a new position in Saia in the second quarter valued at $13,943,000.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. The Goldman Sachs Group restated a “buy” rating and issued a $441.00 price objective on shares of Saia in a research note on Thursday, April 30th. TD Cowen upped their price objective on shares of Saia from $367.00 to $445.00 and gave the company a “hold” rating in a research note on Friday, May 1st. Benchmark restated a “buy” rating on shares of Saia in a research note on Wednesday, June 3rd. Weiss Ratings upgraded shares of Saia from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Finally, Bank of America upped their price objective on shares of Saia from $413.00 to $429.00 and gave the company a “neutral” rating in a research note on Tuesday, March 3rd. Nine research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $454.00.

Saia Price Performance

Shares of SAIA opened at $457.02 on Wednesday. Saia, Inc. has a fifty-two week low of $249.32 and a fifty-two week high of $494.71. The company has a market capitalization of $12.19 billion, a price-to-earnings ratio of 48.01, a price-to-earnings-growth ratio of 2.26 and a beta of 2.10. The firm has a 50-day simple moving average of $445.60 and a 200-day simple moving average of $385.86. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.52 and a current ratio of 1.52.

Saia (NASDAQ:SAIA) last announced its earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.04. Saia had a net margin of 7.84% and a return on equity of 9.60%. The business had revenue of $806.23 million during the quarter, compared to the consensus estimate of $789.08 million. During the same quarter in the prior year, the firm earned $1.86 earnings per share. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, equities research analysts anticipate that Saia, Inc. will post 11.4 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.