OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Makes New $5.17 Million Investment in Saia, Inc. $SAIA

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Saia, Inc. (NASDAQ:SAIA) in the 4th quarter, HoldingsChannel.com reports. The institutional investor purchased 15,840 shares of the transportation company’s stock, valued at approximately $5,172,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP lifted its stake in 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. Los Angeles Capital Management LLC bought a new stake in Saia during the fourth quarter worth about $36,000. Torren Management LLC bought a new stake in Saia during the fourth quarter worth about $40,000. Larson Financial Group LLC lifted its stake 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 during the last quarter. Finally, Allworth Financial LP lifted its stake 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 during the last quarter.

Wall Street Analysts Forecast Growth

SAIA has been the subject of several research analyst reports. The Goldman Sachs Group reaffirmed a “buy” rating and set a $441.00 price target on shares of Saia in a research note on Thursday, April 30th. Wall Street Zen upgraded Saia from a “sell” rating to a “hold” rating in a report on Monday, May 4th. Bank of America lifted their price objective on Saia from $413.00 to $429.00 and gave the stock a “neutral” rating in a report on Tuesday, March 3rd. Morgan Stanley reiterated an “underweight” rating and issued a $265.00 price objective on shares of Saia in a report on Friday, May 1st. Finally, TD Cowen lifted their price objective on Saia from $367.00 to $445.00 and gave the stock a “hold” rating in a report on Friday, May 1st. Nine research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $454.00.

Saia Stock Down 1.8%

SAIA opened at $474.19 on Tuesday. The company has a market cap of $12.65 billion, a P/E ratio of 49.81, a P/E/G ratio of 2.30 and a beta of 2.10. The business’s 50-day moving average price is $443.55 and its 200-day moving average price is $384.61. 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 12 month low of $249.32 and a 12 month high of $494.71.

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