Pier Capital LLC Sells 9,666 Shares of Saia, Inc. $SAIA

Pier Capital LLC lowered its position in Saia, Inc. (NASDAQ:SAIA) by 33.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 19,098 shares of the transportation company’s stock after selling 9,666 shares during the period. Pier Capital LLC’s holdings in Saia were worth $8,043,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new position in Saia during the 2nd quarter valued at about $27,000. Quarry LP raised its position in Saia by 8,400.0% in the 4th quarter. Quarry LP now owns 85 shares of the transportation company’s stock worth $28,000 after purchasing an additional 84 shares during the period. Los Angeles Capital Management LLC bought a new stake in Saia in the fourth quarter worth about $36,000. Torren Management LLC bought a new stake in Saia in the fourth quarter worth about $40,000. Finally, Larson Financial Group LLC lifted its stake in Saia by 1,612.5% in 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.

Saia Price Performance

Shares of SAIA stock opened at $384.32 on Friday. The company has a market capitalization of $10.25 billion, a P/E ratio of 37.10, a P/E/G ratio of 1.73 and a beta of 2.14. The company’s 50-day simple moving average is $416.93 and its two-hundred day simple moving average is $406.56. Saia, Inc. has a one year low of $249.32 and a one 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.

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

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SAIA shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Saia in a research note on Monday, August 3rd. Benchmark reissued a “buy” rating on shares of Saia in a research note on Wednesday, June 3rd. Wall Street Zen upgraded Saia from a “sell” rating to a “hold” rating in a report on Monday, May 4th. TD Cowen cut their price objective on Saia from $445.00 to $400.00 and set a “hold” rating on the stock in a research report on Friday, July 31st. Finally, Jefferies Financial Group increased their target price on Saia from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Thirteen equities research analysts have rated the stock with a Buy rating, seven 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 “Moderate Buy” and a consensus target price of $449.67.

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.