ExodusPoint Capital Management LP Grows Stock Position in Saia, Inc. $SAIA

ExodusPoint Capital Management LP increased its position in shares of Saia, Inc. (NASDAQ:SAIA) by 163.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 56,833 shares of the transportation company’s stock after buying an additional 35,285 shares during the quarter. ExodusPoint Capital Management LP owned about 0.21% of Saia worth $18,557,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Militia Capital Partners LP raised its position in Saia by 173.3% in the fourth quarter. Militia Capital Partners LP now owns 2,460 shares of the transportation company’s stock valued at $803,000 after purchasing an additional 1,560 shares during the period. Alberta Investment Management Corp purchased a new stake in Saia in the fourth quarter valued at approximately $1,567,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Saia in the fourth quarter valued at approximately $5,172,000. Nicholas Investment Partners LP raised its position in Saia by 11.2% in the fourth quarter. Nicholas Investment Partners LP now owns 2,218 shares of the transportation company’s stock valued at $724,000 after purchasing an additional 224 shares during the period. Finally, Dockside LLC purchased a new stake in Saia in the fourth quarter valued at approximately $2,404,000.

Saia Stock Down 3.6%

Shares of NASDAQ SAIA opened at $457.02 on Wednesday. Saia, Inc. has a 1 year low of $249.32 and a 1 year high of $494.71. The firm’s 50 day moving average price is $445.60 and its 200 day moving average price is $385.86. The firm has a market cap of $12.19 billion, a P/E ratio of 48.01, a price-to-earnings-growth ratio of 2.26 and a beta of 2.10. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.52 and a current ratio of 1.52.

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, topping analysts’ consensus estimates of $1.82 by $0.04. The company had revenue of $806.23 million for the quarter, compared to the consensus estimate of $789.08 million. Saia had a net margin of 7.84% and a return on equity of 9.60%. Saia’s revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.86 earnings per share. As a group, sell-side analysts anticipate that Saia, Inc. will post 11.4 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have issued reports on SAIA shares. Stifel Nicolaus set a $450.00 target price on Saia in a research report on Friday, May 1st. Wells Fargo & Company boosted their target price on shares of Saia from $445.00 to $490.00 and gave the stock an “equal weight” rating in a research note on Friday, June 5th. The Goldman Sachs Group reiterated a “buy” rating and set a $441.00 target price on shares of Saia in a research note on Thursday, April 30th. BMO Capital Markets upped their price objective on shares of Saia from $450.00 to $470.00 and gave the company a “market perform” rating in a research note on Thursday, June 4th. Finally, Wolfe Research raised shares of Saia from a “peer perform” rating to an “outperform” rating in a report on Tuesday, April 7th. Nine investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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.