Alight Capital Management LP Makes New Investment in Saia, Inc. $SAIA

Alight Capital Management LP acquired 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 and Exchange Commission. The institutional investor acquired 12,000 shares of the transportation company’s stock, valued at approximately $3,918,000.

Several other large investors have also recently bought and sold shares of SAIA. J. Goldman & Co LP bought a new stake in shares of Saia during the 4th quarter valued at $3,434,000. AQR Capital Management LLC increased its position in shares of Saia by 139.3% in the 4th quarter. AQR Capital Management LLC now owns 11,596 shares of the transportation company’s stock valued at $3,786,000 after buying an additional 6,751 shares in the last quarter. Cetera Investment Advisers increased its holdings in Saia by 2.5% during the 4th quarter. Cetera Investment Advisers now owns 3,299 shares of the transportation company’s stock worth $1,077,000 after purchasing an additional 82 shares in the last quarter. Amundi acquired a new stake in shares of Saia in the 4th quarter valued at about $16,116,000. Finally, FIL Ltd boosted its position in shares of Saia by 11.1% during the fourth quarter. FIL Ltd now owns 625,000 shares of the transportation company’s stock worth $204,075,000 after buying an additional 62,500 shares during the period.

Saia Stock Down 6.8%

Shares of SAIA opened at $425.86 on Thursday. Saia, Inc. has a 12 month low of $249.32 and a 12 month high of $494.71. The firm’s 50 day moving average is $446.68 and its 200-day moving average is $386.89. The stock has a market capitalization of $11.36 billion, a PE ratio of 44.73, a P/E/G ratio of 2.18 and a beta of 2.10. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.04.

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

Wall Street Analysts Forecast Growth

SAIA has been the subject of several recent research reports. Benchmark reaffirmed a “buy” rating on shares of Saia in a research report on Wednesday, June 3rd. TD Cowen raised their price objective on Saia from $367.00 to $445.00 and gave the company a “hold” rating in a report on Friday, May 1st. Susquehanna raised their price objective on Saia from $425.00 to $465.00 and gave the company a “neutral” rating in a report on Tuesday, June 2nd. Wall Street Zen upgraded shares of Saia from a “sell” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Stifel Nicolaus set a $450.00 target price on shares of Saia in a research note on Friday, May 1st. Nine investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $454.00.

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.