Brant Point Investment Management LLC Reduces Stock Holdings in Saia, Inc. $SAIA

Brant Point Investment Management LLC lowered its position in Saia, Inc. (NASDAQ:SAIA) by 9.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,000 shares of the transportation company’s stock after selling 1,447 shares during the quarter. Brant Point Investment Management LLC owned about 0.05% of Saia worth $4,571,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SAIA. AQR Capital Management LLC grew its holdings in shares of Saia by 52.4% in the first quarter. AQR Capital Management LLC now owns 1,781 shares of the transportation company’s stock valued at $622,000 after purchasing an additional 612 shares during the period. Jones Financial Companies Lllp lifted its position in Saia by 334.3% in the first quarter. Jones Financial Companies Lllp now owns 873 shares of the transportation company’s stock valued at $305,000 after buying an additional 672 shares during the last quarter. California Public Employees Retirement System lifted its position in Saia by 4.3% in the second quarter. California Public Employees Retirement System now owns 32,543 shares of the transportation company’s stock valued at $8,916,000 after buying an additional 1,356 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in Saia in the second quarter valued at about $11,599,000. Finally, Frontier Capital Management Co. LLC acquired a new position in Saia in the second quarter valued at about $13,943,000.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. Wall Street Zen raised shares of Saia from a “sell” rating to a “hold” rating in a research report on Monday, May 4th. Bank of America upped their target price on shares of Saia from $413.00 to $429.00 and gave the company a “neutral” rating in a research report on Tuesday, March 3rd. BMO Capital Markets upped their target price on shares of Saia from $450.00 to $470.00 and gave the company a “market perform” rating in a research report on Thursday, June 4th. Wolfe Research raised shares of Saia from a “peer perform” rating to an “outperform” rating in a research report on Tuesday, April 7th. Finally, TD Cowen upped their target price on shares of Saia from $367.00 to $445.00 and gave the company a “hold” 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 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 $453.56.

Saia Stock Down 0.9%

Shares of SAIA opened at $482.87 on Friday. The stock has a market capitalization of $12.88 billion, a PE ratio of 50.72, a P/E/G ratio of 2.30 and a beta of 2.10. 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 quick ratio of 1.52 and a current ratio of 1.52. The company’s 50-day simple moving average is $441.15 and its 200-day simple moving average is $382.46.

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