Capital Research Global Investors Makes New Investment in Saia, Inc. $SAIA

Capital Research Global Investors bought a new position in shares of Saia, Inc. (NASDAQ:SAIA) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 176,035 shares of the transportation company’s stock, valued at approximately $57,479,000.

A number of other institutional investors also recently bought and sold shares of SAIA. State of Wyoming purchased a new stake in Saia during the third quarter worth $30,000. Los Angeles Capital Management LLC purchased a new stake in Saia during the fourth quarter worth $36,000. Torren Management LLC purchased a new stake in Saia during the fourth quarter worth $40,000. Allworth Financial LP boosted its position in Saia by 69.0% during the third quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock worth $43,000 after purchasing an additional 58 shares in the last quarter. Finally, Larson Financial Group LLC boosted its position in Saia by 1,612.5% during the fourth quarter. Larson Financial Group LLC now owns 137 shares of the transportation company’s stock worth $45,000 after purchasing an additional 129 shares in the last quarter.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SAIA shares. Morgan Stanley restated an “underweight” rating and issued a $265.00 price objective on shares of Saia in a research report on Friday, May 1st. Stephens upped their price objective on Saia from $414.00 to $445.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. TD Cowen upped their price objective on Saia from $367.00 to $445.00 and gave the company a “hold” rating in a research report on Friday, May 1st. The Goldman Sachs Group restated a “buy” rating and issued a $441.00 price objective on shares of Saia in a research report on Thursday, April 30th. Finally, Wells Fargo & Company upped their price objective on Saia from $445.00 to $490.00 and gave the company an “equal weight” rating in a research report on Friday. Ten equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $453.56.

Saia Stock Performance

Saia stock opened at $479.30 on Wednesday. The firm has a market capitalization of $12.78 billion, a P/E ratio of 50.35, a PEG ratio of 2.29 and a beta of 2.10. The stock has a fifty day moving average price of $433.32 and a 200 day moving average price of $378.73. Saia, Inc. has a 52 week low of $249.00 and a 52 week high of $494.71. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.04.

Saia (NASDAQ:SAIA) last released its earnings results on Thursday, April 30th. The transportation company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.82 by $0.04. The firm 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 business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.86 earnings per share. Equities research analysts anticipate that Saia, Inc. will post 11.39 earnings per share for the current year.

Saia 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.