Capital Research Global Investors Makes New Investment in Saia, Inc. $SAIA

Capital Research Global Investors purchased a new position in shares of Saia, Inc. (NASDAQ:SAIA) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 176,035 shares of the transportation company’s stock, valued at approximately $57,479,000. Capital Research Global Investors owned 0.66% of Saia as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Los Angeles Capital Management LLC acquired a new position in Saia during the fourth quarter worth approximately $36,000. Havemeyer Place LP acquired a new position in Saia during the fourth quarter worth approximately $875,000. WINTON GROUP Ltd acquired a new position in shares of Saia in the fourth quarter valued at approximately $758,000. Parallel Advisors LLC increased its holdings in shares of Saia by 5.8% in the fourth quarter. Parallel Advisors LLC now owns 563 shares of the transportation company’s stock valued at $184,000 after purchasing an additional 31 shares during the period. Finally, Westfield Capital Management Co. LP increased its holdings in shares of Saia by 0.4% in the fourth quarter. Westfield Capital Management Co. LP now owns 228,751 shares of the transportation company’s stock valued at $74,692,000 after purchasing an additional 843 shares during the period.

Saia Stock Down 0.3%

Saia stock opened at $479.30 on Wednesday. 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, Inc. has a 1-year low of $249.00 and a 1-year high of $494.71. The company has a market cap of $12.78 billion, a PE ratio of 50.35, a price-to-earnings-growth ratio of 2.29 and a beta of 2.10. The stock’s 50 day moving average price is $433.32 and its 200 day moving average price is $378.73.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share for the quarter, beating 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 firm had revenue of $806.23 million for the quarter, compared to the consensus estimate of $789.08 million. During the same period in the previous year, the business earned $1.86 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. On average, sell-side analysts predict that Saia, Inc. will post 11.39 EPS for the current fiscal year.

Analysts Set New Price Targets

SAIA has been the topic of a number of recent research reports. TD Cowen boosted their target price on Saia from $367.00 to $445.00 and gave the company a “hold” rating in a report on Friday, May 1st. Morgan Stanley reissued an “underweight” rating and issued a $265.00 target price on shares of Saia in a report on Friday, May 1st. Wolfe Research raised Saia from a “peer perform” rating to an “outperform” rating in a report on Tuesday, April 7th. Weiss Ratings raised Saia from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Finally, Citigroup boosted their target price on Saia from $428.00 to $516.00 and gave the company a “buy” rating in a report on Monday, May 4th. Ten research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Saia presently has an average rating of “Hold” and an average price target of $453.56.

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.