Fifth Third Bancorp Buys 18,191 Shares of Saia, Inc. $SAIA

Fifth Third Bancorp lifted its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 1,390.7% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 19,499 shares of the transportation company’s stock after buying an additional 18,191 shares during the period. Fifth Third Bancorp’s holdings in Saia were worth $6,850,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Quarry LP lifted its holdings in Saia by 8,400.0% in the fourth quarter. Quarry LP now owns 85 shares of the transportation company’s stock worth $28,000 after buying an additional 84 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Saia during the 4th quarter worth approximately $36,000. Torren Management LLC bought a new position in shares of Saia in the 4th quarter worth approximately $40,000. Allworth Financial LP raised its position in shares of Saia by 69.0% in the 3rd quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock worth $43,000 after acquiring an additional 58 shares in the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of Saia by 1,612.5% in the 4th quarter. Larson Financial Group LLC now owns 137 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 129 shares during the period.

Saia Stock Performance

Shares of Saia stock opened at $438.29 on Friday. 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 is $447.11 and its 200 day moving average is $401.39. The stock has a market cap of $11.69 billion, a price-to-earnings ratio of 46.04, a PEG ratio of 1.96 and a beta of 2.13. 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 (NASDAQ:SAIA) last released its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.86 earnings per share (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 business had revenue of $806.23 million for the quarter, compared to analysts’ expectations of $789.08 million. During the same period in the prior year, the firm posted $1.86 EPS. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. Sell-side analysts anticipate that Saia, Inc. will post 11.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Wall Street Zen upgraded Saia from a “sell” rating to a “hold” rating in a research report on Monday, May 4th. Wolfe Research raised Saia from a “peer perform” rating to an “outperform” rating in a research report on Tuesday, April 7th. Morgan Stanley increased their price target on shares of Saia from $265.00 to $295.00 and gave the stock an “underweight” rating in a research note on Monday, July 6th. Weiss Ratings raised shares of Saia from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Finally, Benchmark reissued a “buy” rating on shares of Saia in a research note on Wednesday, June 3rd. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Saia has an average rating of “Moderate Buy” and an average target price of $462.72.

Saia Company 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.