Saia, Inc. $SAIA Stock Acquired by Narwhal Capital Management

Narwhal Capital Management grew its position in Saia, Inc. (NASDAQ:SAIA) by 159.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,132 shares of the transportation company’s stock after acquiring an additional 3,766 shares during the quarter. Narwhal Capital Management’s holdings in Saia were worth $2,046,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SAIA. Running Oak Capital LLC boosted its stake in Saia by 3.8% during the 3rd quarter. Running Oak Capital LLC now owns 25,581 shares of the transportation company’s stock worth $8,537,000 after purchasing an additional 944 shares during the last quarter. Fulcrum Asset Management LLP acquired a new stake in shares of Saia in the third quarter valued at about $31,000. StoneX Group Inc. acquired a new stake in shares of Saia in the third quarter valued at about $203,000. Parallel Advisors LLC lifted its stake in shares of Saia by 16.4% in the third quarter. Parallel Advisors LLC now owns 760 shares of the transportation company’s stock worth $254,000 after buying an additional 107 shares in the last quarter. Finally, Heritage Family Offices LLP purchased a new position in shares of Saia in the third quarter worth about $67,000.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on SAIA shares. JPMorgan Chase & Co. boosted their price target on shares of Saia from $463.00 to $468.00 and gave the stock an “overweight” rating in a research report on Friday, October 30th. Susquehanna cut their price objective on shares of Saia from $412.00 to $360.00 and set a “neutral” rating for the company in a report on Friday, October 2nd. Stifel Nicolaus cut their price objective on shares of Saia from $438.00 to $423.00 and set a “buy” rating for the company in a report on Thursday, October 8th. Citigroup boosted their target price on Saia from $429.00 to $434.00 and gave the stock a “buy” rating in a report on Friday, October 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Saia in a research report on Friday, October 30th. Fourteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $432.26.

Saia Stock Down 0.7%

Shares of SAIA opened at $339.48 on Wednesday. Saia, Inc. has a 52-week low of $249.32 and a 52-week high of $494.71. The company has a quick ratio of 1.83, a current ratio of 1.83 and a debt-to-equity ratio of 0.04. The stock has a fifty day simple moving average of $341.08 and a two-hundred day simple moving average of $387.17. The company has a market capitalization of $9.06 billion, a PE ratio of 32.18, a price-to-earnings-growth ratio of 2.59 and a beta of 2.09.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Thursday, October 29th. The transportation company reported $3.41 earnings per share for the quarter, beating the consensus estimate of $3.30 by $0.11. Saia had a net margin of 8.01% and a return on equity of 10.53%. The firm had revenue of $982.45 million for the quarter, compared to analysts’ expectations of $966.98 million. During the same quarter in the previous year, the company posted $2.81 EPS. The company’s revenue was up 17.0% compared to the same quarter last year. As a group, equities analysts forecast that Saia, Inc. will post 11.51 EPS for the current year.

Saia Company Profile

Saia, Inc. is a transportation company best known for its less-than-truckload (LTL) freight services, which combine shipments from multiple customers in a single truck. Its offerings include regional and interregional freight transportation, expedited and guaranteed services, and logistics solutions. Founded in 1924 in Houma, Louisiana, Saia has grown from a regional carrier into a network serving the contiguous United States. The company is headquartered in Johns Creek, Georgia, and also arranges service to Canada and Mexico through its transportation network and partners.