Next Century Growth Investors LLC Sells 18,637 Shares of Saia, Inc. $SAIA

Next Century Growth Investors LLC lessened its position in Saia, Inc. (NASDAQ:SAIA) by 37.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 30,739 shares of the transportation company’s stock after selling 18,637 shares during the period. Next Century Growth Investors LLC owned 0.12% of Saia worth $10,037,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Quarry LP grew its holdings in shares of Saia by 8,400.0% during the fourth quarter. Quarry LP now owns 85 shares of the transportation company’s stock worth $28,000 after purchasing an additional 84 shares during the last quarter. State of Wyoming bought a new stake in shares of Saia during the third quarter worth about $30,000. Los Angeles Capital Management LLC bought a new stake in shares of Saia during the fourth quarter worth about $36,000. Torren Management LLC bought a new stake in shares of Saia during the fourth quarter worth about $40,000. Finally, Larson Financial Group LLC grew its holdings in shares of 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 during the last quarter.

Analyst Ratings Changes

Several research firms have recently weighed in on SAIA. TD Cowen boosted their price target on Saia from $367.00 to $445.00 and gave the stock a “hold” rating in a report on Friday, May 1st. Wells Fargo & Company boosted their price target on Saia from $445.00 to $490.00 and gave the stock an “equal weight” rating in a report on Friday, June 5th. Weiss Ratings upgraded Saia from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Evercore set a $476.00 price target on Saia in a report on Friday, May 1st. Finally, BMO Capital Markets boosted their price target on Saia from $450.00 to $470.00 and gave the stock a “market perform” rating in a report on Thursday, June 4th. Ten investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $453.56.

Saia Stock Performance

Shares of SAIA stock opened at $482.87 on Monday. The stock has a market cap of $12.88 billion, a price-to-earnings ratio of 50.72, a PEG ratio of 2.30 and a beta of 2.10. The stock has a 50-day moving average of $441.15 and a 200-day moving average of $383.24. 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, Inc. has a 1-year low of $249.32 and a 1-year high of $494.71.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share for the quarter, beating the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.86 earnings per share. On average, equities research analysts forecast that Saia, Inc. will post 11.4 earnings per share for the current year.

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.