OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys Shares of 15,840 Saia, Inc. $SAIA

by · The Cerbat Gem

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Saia, Inc. (NASDAQ:SAIA – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,840 shares of the transportation company’s stock, valued at approximately $5,172,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SAIA. Quarry LP lifted its stake in shares of 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 during the fourth quarter valued at approximately $36,000. Torren Management LLC bought a new stake in Saia during the fourth quarter valued at approximately $40,000. Allworth Financial LP increased its holdings in Saia by 69.0% during the third quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock valued at $43,000 after buying an additional 58 shares during the last quarter. Finally, Larson Financial Group LLC increased its holdings in Saia by 1,612.5% during the fourth quarter. Larson Financial Group LLC now owns 137 shares of the transportation company’s stock valued at $45,000 after buying an additional 129 shares during the last quarter.

Saia Price Performance

NASDAQ:SAIA opened at $435.12 on Friday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. The business’s 50-day simple moving average is $448.56 and its two-hundred day simple moving average is $388.30. The stock has a market cap of $11.60 billion, a PE ratio of 45.71, a P/E/G ratio of 2.07 and a beta of 2.10. Saia, Inc. has a 52 week low of $249.32 and a 52 week high of $494.71.

Saia (NASDAQ:SAIA – Get Free Report) last released its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates 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 quarter in the prior year, the company posted $1.86 earnings per share. As a group, analysts forecast that Saia, Inc. will post 11.4 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on SAIA shares. Wall Street Zen upgraded shares of Saia from a “sell” rating to a “hold” rating in a research note on Monday, May 4th. Evercore set a $476.00 price objective on Saia in a research note on Friday, May 1st. Barclays raised their target price on Saia from $400.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Wolfe Research upgraded Saia from a “peer perform” rating to an “outperform” rating in a research report on Tuesday, April 7th. Finally, Stifel Nicolaus set a $450.00 price target on Saia in a research report on Friday, May 1st. Nine equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $454.00.

View Our Latest Report on Saia

About Saia

(Free Report)

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.

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