Atom Investors LP Purchases 17,339 Shares of Saia, Inc. $SAIA

Atom Investors LP boosted its position in shares of Saia, Inc. (NASDAQ:SAIA) by 1,014.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,048 shares of the transportation company’s stock after buying an additional 17,339 shares during the period. Atom Investors LP owned approximately 0.07% of Saia worth $6,220,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Quarry LP boosted its stake in Saia by 8,400.0% during the fourth quarter. Quarry LP now owns 85 shares of the transportation company’s stock valued at $28,000 after buying an additional 84 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in Saia during the fourth quarter valued at approximately $36,000. Torren Management LLC bought a new position in Saia during the fourth quarter valued at approximately $40,000. Larson Financial Group LLC boosted its stake 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. Finally, Allworth Financial LP boosted its stake 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.

Saia Price Performance

NASDAQ:SAIA opened at $457.02 on Wednesday. The firm has a market capitalization of $12.19 billion, a price-to-earnings ratio of 48.01, a PEG ratio of 2.26 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 business has a 50 day simple moving average of $445.60 and a 200-day simple moving average of $385.86. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 1.52.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.04. The business 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 company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period last year, the company earned $1.86 EPS. Equities analysts forecast that Saia, Inc. will post 11.4 EPS for the current year.

Analyst Ratings Changes

SAIA has been the subject of a number of research reports. Citigroup lowered Saia from a “buy” rating to a “neutral” rating and increased their price target for the company from $516.00 to $524.00 in a research note on Monday. Susquehanna raised their price objective on Saia from $425.00 to $465.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. Raymond James Financial reaffirmed an “outperform” rating and issued a $477.00 price objective on shares of Saia in a research note on Friday, May 1st. JPMorgan Chase & Co. raised their price objective on Saia from $465.00 to $490.00 and gave the company an “overweight” rating in a research note on Monday, June 8th. Finally, Bank of America raised their price objective on Saia from $413.00 to $429.00 and gave the company a “neutral” rating in a research note on Tuesday, March 3rd. Nine analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Saia currently has an average rating of “Hold” and an average target price of $454.00.

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.