Saia, Inc. $SAIA Stock Position Lifted by London Co. of Virginia

London Co. of Virginia raised its stake in Saia, Inc. (NASDAQ:SAIA) by 10.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 86,774 shares of the transportation company’s stock after purchasing an additional 8,255 shares during the quarter. London Co. of Virginia’s holdings in Saia were worth $30,484,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SAIA. Wealth Alliance LLC boosted its stake in shares of Saia by 5.1% during the 1st quarter. Wealth Alliance LLC now owns 763 shares of the transportation company’s stock valued at $268,000 after buying an additional 37 shares during the period. Renaissance Technologies LLC increased its stake in shares of Saia by 194.5% in the first quarter. Renaissance Technologies LLC now owns 66,378 shares of the transportation company’s stock worth $23,317,000 after acquiring an additional 43,840 shares during the last quarter. Militia Capital Management LLC acquired a new position in shares of Saia in the first quarter worth $2,129,000. First Trust Advisors LP raised its holdings in shares of Saia by 8.6% during the first quarter. First Trust Advisors LP now owns 804,284 shares of the transportation company’s stock worth $282,529,000 after acquiring an additional 63,486 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of Saia by 11.4% during the first quarter. Parallel Advisors LLC now owns 627 shares of the transportation company’s stock worth $220,000 after acquiring an additional 64 shares in the last quarter.

Saia Trading Down 0.7%

Saia stock opened at $423.68 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 1.52. The company has a market capitalization of $11.30 billion, a price-to-earnings ratio of 44.50, a PEG ratio of 1.98 and a beta of 2.13. Saia, Inc. has a one year low of $249.32 and a one year high of $494.71. The company’s fifty day moving average price is $444.97 and its two-hundred day moving average price is $405.03.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.04. The company 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%.The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.86 earnings per share. On average, analysts forecast that Saia, Inc. will post 11.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SAIA. Morgan Stanley boosted their target price on Saia from $265.00 to $295.00 and gave the company an “underweight” rating in a research note on Monday, July 6th. Benchmark reaffirmed a “buy” rating on shares of Saia in a research note on Wednesday, June 3rd. Wells Fargo & Company lifted their price target on Saia from $445.00 to $490.00 and gave the company an “equal weight” rating in a report on Friday, June 5th. Barclays boosted their price target on Saia from $400.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Stephens upgraded Saia to a “strong-buy” rating in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $462.72.

Saia Company 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.