Montag A & Associates Inc. Buys 1,480 Shares of Saia, Inc. $SAIA

Montag A & Associates Inc. raised its stake in Saia, Inc. (NASDAQ:SAIA) by 34.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,763 shares of the transportation company’s stock after acquiring an additional 1,480 shares during the period. Montag A & Associates Inc.’s holdings in Saia were worth $2,427,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in Saia by 2.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,798,841 shares of the transportation company’s stock worth $587,358,000 after purchasing an additional 43,690 shares in the last quarter. Viking Global Investors LP grew its position in Saia by 67.2% during the 3rd quarter. Viking Global Investors LP now owns 1,383,888 shares of the transportation company’s stock valued at $414,281,000 after purchasing an additional 556,229 shares during the last quarter. Invesco Ltd. increased its stake in Saia by 31.7% during the 4th quarter. Invesco Ltd. now owns 923,912 shares of the transportation company’s stock valued at $301,676,000 after purchasing an additional 222,494 shares in the last quarter. Wasatch Advisors LP increased its stake in Saia by 25.3% during the 2nd quarter. Wasatch Advisors LP now owns 825,687 shares of the transportation company’s stock valued at $226,230,000 after purchasing an additional 166,486 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in Saia by 8.6% in the first quarter. First Trust Advisors LP now owns 804,284 shares of the transportation company’s stock worth $282,529,000 after buying an additional 63,486 shares during the last quarter.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Wells Fargo & Company dropped their target price on shares of Saia from $490.00 to $400.00 and set an “equal weight” rating on the stock in a research note on Friday, July 31st. Susquehanna raised their price target on shares of Saia from $465.00 to $470.00 and gave the company a “neutral” rating in a research report on Tuesday, July 14th. Wall Street Zen upgraded shares of Saia from a “sell” rating to a “hold” rating in a report on Monday, May 4th. Citigroup lowered their price objective on Saia from $488.00 to $423.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Finally, Jefferies Financial Group increased their target price on Saia from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Thirteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $449.67.

Saia Price Performance

NASDAQ SAIA opened at $384.32 on Friday. The stock has a market capitalization of $10.25 billion, a price-to-earnings ratio of 37.10, a PEG ratio of 1.73 and a beta of 2.14. Saia, Inc. has a 1-year low of $249.32 and a 1-year high of $494.71. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.58 and a quick ratio of 1.58. The business’s fifty day moving average price is $416.93 and its 200-day moving average price is $406.56.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Thursday, July 30th. The transportation company reported $3.51 EPS for the quarter, topping the consensus estimate of $3.38 by $0.13. The company had revenue of $956.49 million during the quarter, compared to analyst estimates of $956.20 million. Saia had a return on equity of 10.21% and a net margin of 8.19%.Saia’s revenue was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.67 earnings per share. On average, equities analysts predict that Saia, Inc. will post 11.44 earnings per share for the current year.

About Saia

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.