Lincoln Capital Corp Has $3 Million Stake in Saia, Inc. $SAIA

Lincoln Capital Corp raised its position in Saia, Inc. (NASDAQ:SAIA) by 103.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,547 shares of the transportation company’s stock after buying an additional 4,347 shares during the quarter. Lincoln Capital Corp’s holdings in Saia were worth $3,002,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in SAIA. M&T Bank Corp raised its position in Saia by 383.7% during the fourth quarter. M&T Bank Corp now owns 26,524 shares of the transportation company’s stock valued at $8,661,000 after purchasing an additional 21,041 shares in the last quarter. Lecap Asset Management Ltd. bought a new stake in Saia during the fourth quarter worth $1,692,000. Hudson Bay Capital Management LP acquired a new stake in shares of Saia in the 3rd quarter valued at $9,389,000. Westfield Capital Management Co. LP boosted its holdings in shares of Saia by 31.7% in the 3rd quarter. Westfield Capital Management Co. LP now owns 227,908 shares of the transportation company’s stock valued at $68,227,000 after purchasing an additional 54,813 shares in the last quarter. Finally, Segall Bryant & Hamill LLC increased its stake in shares of Saia by 53.5% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 48,584 shares of the transportation company’s stock valued at $14,544,000 after purchasing an additional 16,929 shares during the last quarter.

Saia Stock Performance

Shares of SAIA stock opened at $435.12 on Monday. Saia, Inc. has a twelve month low of $249.32 and a twelve month high of $494.71. The stock’s fifty day simple moving average is $448.56 and its 200 day simple moving average is $388.97. 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 firm has a market capitalization of $11.60 billion, a P/E ratio of 45.71, a P/E/G ratio of 2.07 and a beta of 2.10.

Saia (NASDAQ:SAIA) last posted its earnings results on Thursday, April 30th. The transportation company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.82 by $0.04. Saia had a return on equity of 9.60% and a net margin of 7.84%.The firm had revenue of $806.23 million during the quarter, compared to the consensus estimate of $789.08 million. During the same period last year, the company earned $1.86 earnings per share. The business’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, sell-side analysts predict that Saia, Inc. will post 11.4 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SAIA has been the subject of a number of research analyst reports. Wall Street Zen raised Saia from a “sell” rating to a “hold” rating in a report on Monday, May 4th. 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. Raymond James Financial reiterated an “outperform” rating and issued a $477.00 target price on shares of Saia in a research report on Friday, May 1st. Susquehanna boosted their target price on Saia from $425.00 to $465.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. Finally, Wolfe Research raised shares of Saia from a “peer perform” rating to an “outperform” rating in a report on Tuesday, April 7th. Nine research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $454.00.

Saia 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.