Saia, Inc. $SAIA Shares Sold by Capital International Inc. CA

Capital International Inc. CA lowered its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 29.4% in the fourth quarter, HoldingsChannel reports. The firm owned 22,982 shares of the transportation company’s stock after selling 9,565 shares during the quarter. Capital International Inc. CA’s holdings in Saia were worth $7,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC boosted its position in Saia by 52.4% during the 1st quarter. AQR Capital Management LLC now owns 1,781 shares of the transportation company’s stock worth $622,000 after acquiring an additional 612 shares during the period. Jones Financial Companies Lllp boosted its position in Saia by 334.3% during the 1st quarter. Jones Financial Companies Lllp now owns 873 shares of the transportation company’s stock worth $305,000 after acquiring an additional 672 shares during the period. California Public Employees Retirement System boosted its position in Saia by 4.3% during the 2nd quarter. California Public Employees Retirement System now owns 32,543 shares of the transportation company’s stock worth $8,916,000 after acquiring an additional 1,356 shares during the period. Qube Research & Technologies Ltd acquired a new position in Saia during the 2nd quarter worth $11,599,000. Finally, Frontier Capital Management Co. LLC acquired a new position in Saia during the 2nd quarter worth $13,943,000.

Wall Street Analysts Forecast Growth

SAIA has been the subject of a number of analyst reports. UBS Group reiterated a “buy” rating and set a $493.00 price target on shares of Saia in a research report on Wednesday, February 11th. TD Cowen boosted their price target on Saia from $367.00 to $445.00 and gave the stock a “hold” rating in a research report on Friday, May 1st. Citigroup boosted their price target on Saia from $428.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Weiss Ratings upgraded Saia from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Finally, Barclays boosted their price target on Saia from $400.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Ten analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Saia has an average rating of “Hold” and a consensus target price of $452.17.

Saia Price Performance

SAIA opened at $466.51 on Monday. Saia, Inc. has a one year low of $249.00 and a one year high of $485.00. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.52 and a current ratio of 1.52. The stock’s fifty day moving average is $427.54 and its 200-day moving average is $375.60. The company has a market capitalization of $12.44 billion, a PE ratio of 49.00, a P/E/G ratio of 2.23 and a beta of 2.10.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.04. Saia had a return on equity of 9.60% and a net margin of 7.84%.The company had revenue of $806.23 million for the quarter, compared to the consensus estimate of $789.08 million. During the same quarter in the previous year, the business earned $1.86 EPS. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, equities analysts predict that Saia, Inc. will post 11.39 EPS for the current fiscal 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.