Louisiana State Employees Retirement System Purchases New Shares in Saia, Inc. $SAIA

Louisiana State Employees Retirement System acquired a new position in Saia, Inc. (NASDAQ:SAIA) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 7,700 shares of the transportation company’s stock, valued at approximately $2,705,000.

Other large investors also recently made changes to their positions in the company. Vestor Capital LLC raised its holdings in shares of Saia by 9.5% in the fourth quarter. Vestor Capital LLC now owns 323 shares of the transportation company’s stock valued at $96,000 after buying an additional 28 shares during the last quarter. Parallel Advisors LLC grew its holdings in Saia by 5.8% during the 4th quarter. Parallel Advisors LLC now owns 563 shares of the transportation company’s stock worth $184,000 after acquiring an additional 31 shares during the last quarter. Boothbay Fund Management LLC grew its holdings in Saia by 3.2% during the 2nd quarter. Boothbay Fund Management LLC now owns 1,401 shares of the transportation company’s stock worth $384,000 after acquiring an additional 43 shares during the last quarter. Vident Advisory LLC increased its position in Saia by 4.4% in the 2nd quarter. Vident Advisory LLC now owns 1,075 shares of the transportation company’s stock valued at $295,000 after acquiring an additional 45 shares in the last quarter. Finally, Park Avenue Securities LLC raised its stake in shares of Saia by 2.0% in the fourth quarter. Park Avenue Securities LLC now owns 2,369 shares of the transportation company’s stock worth $774,000 after acquiring an additional 46 shares during the last quarter.

Saia Price Performance

NASDAQ:SAIA opened at $430.51 on Monday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. Saia, Inc. has a 12-month low of $249.32 and a 12-month high of $494.71. The stock’s fifty day simple moving average is $451.71 and its 200-day simple moving average is $392.69. The firm has a market capitalization of $11.48 billion, a P/E ratio of 45.22, a P/E/G ratio of 2.05 and a beta of 2.10.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.04. Saia had a net margin of 7.84% and a return on equity of 9.60%. The firm had revenue of $806.23 million during the quarter, compared to analysts’ expectations of $789.08 million. During the same quarter in the previous year, the company 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 expect that Saia, Inc. will post 11.4 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on SAIA shares. Wall Street Zen raised shares of Saia from a “sell” rating to a “hold” rating in a report on Monday, May 4th. Wells Fargo & Company upped their price objective on Saia from $445.00 to $490.00 and gave the stock an “equal weight” rating in a report on Friday, June 5th. TD Cowen increased their price objective on Saia from $367.00 to $445.00 and gave the company a “hold” rating in a research report on Friday, May 1st. Evercore set a $476.00 target price on Saia in a research note on Friday, May 1st. Finally, Benchmark restated a “buy” rating on shares of Saia in a research report on Wednesday, June 3rd. Nine research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Saia has an average rating of “Hold” and an average target price of $456.94.

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.