Y Intercept Hong Kong Ltd Acquires Shares of 8,833 Saia, Inc. $SAIA

Y Intercept Hong Kong Ltd acquired a new position in Saia, Inc. (NASDAQ:SAIA) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,833 shares of the transportation company’s stock, valued at approximately $3,103,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of SAIA. Vestor Capital LLC grew its stake in shares of Saia by 9.5% in the fourth quarter. Vestor Capital LLC now owns 323 shares of the transportation company’s stock worth $96,000 after purchasing an additional 28 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Saia by 5.8% during the fourth quarter. Parallel Advisors LLC now owns 563 shares of the transportation company’s stock worth $184,000 after acquiring an additional 31 shares during the last quarter. Boothbay Fund Management LLC lifted its stake in shares of Saia by 3.2% in the second quarter. Boothbay Fund Management LLC now owns 1,401 shares of the transportation company’s stock worth $384,000 after acquiring an additional 43 shares during the period. Vident Advisory LLC increased 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 valued at $295,000 after purchasing an additional 45 shares during the period. Finally, Park Avenue Securities LLC raised its holdings 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.

Analysts Set New Price Targets

Several analysts have recently issued reports on SAIA shares. The Goldman Sachs Group upped their target price on shares of Saia from $441.00 to $494.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. UBS Group lifted their target price on Saia from $493.00 to $527.00 and gave the stock a “buy” rating in a research note on Tuesday. Benchmark reaffirmed a “buy” rating on shares of Saia in a report on Wednesday, June 3rd. Jefferies Financial Group increased their price objective on Saia from $500.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Finally, Raymond James Financial restated an “outperform” rating and issued a $477.00 target price on shares of Saia in a research note on Friday, May 1st. Ten analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $460.50.

Saia Stock Up 0.5%

Shares of SAIA stock traded up $2.13 during trading hours on Tuesday, hitting $420.02. 67,235 shares of the company’s stock traded hands, compared to its average volume of 492,380. The stock’s fifty day simple moving average is $449.69 and its two-hundred day simple moving average is $396.00. Saia, Inc. has a 12-month low of $249.32 and a 12-month high of $494.71. 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 stock has a market cap of $11.20 billion, a price-to-earnings ratio of 44.10, a PEG ratio of 1.99 and a beta of 2.13.

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