Louisiana State Employees Retirement System Invests $2.71 Million in Saia, Inc. $SAIA

Louisiana State Employees Retirement System acquired a new position in shares of Saia, Inc. (NASDAQ:SAIA) in the first quarter, HoldingsChannel.com reports. The firm acquired 7,700 shares of the transportation company’s stock, valued at approximately $2,705,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SAIA. Fifth Third Wealth Advisors LLC grew its holdings in Saia by 10.7% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,010 shares of the transportation company’s stock valued at $355,000 after buying an additional 98 shares in the last quarter. Lincoln Capital Corp increased its holdings in Saia by 103.5% in the 1st quarter. Lincoln Capital Corp now owns 8,547 shares of the transportation company’s stock valued at $3,002,000 after buying an additional 4,347 shares during the period. Rockefeller Capital Management L.P. increased its stake in shares of Saia by 203.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,231 shares of the transportation company’s stock valued at $402,000 after purchasing an additional 825 shares during the last quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Saia during the 4th quarter valued at approximately $5,172,000. Finally, Rehmann Capital Advisory Group grew its position in Saia by 11.3% during the 4th quarter. Rehmann Capital Advisory Group now owns 972 shares of the transportation company’s stock worth $318,000 after acquiring an additional 99 shares during the last quarter.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SAIA. Wall Street Zen raised Saia from a “sell” rating to a “hold” rating in a research note on Monday, May 4th. Barclays lifted their target price on Saia from $400.00 to $500.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. TD Cowen upped their price objective on Saia from $367.00 to $445.00 and gave the company a “hold” rating in a research note on Friday, May 1st. Evercore set a $476.00 price target on Saia in a research note on Friday, May 1st. Finally, Jefferies Financial Group lifted their target price on Saia from $500.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Nine 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $456.94.

Saia Price Performance

Shares of Saia stock opened at $430.51 on Monday. The company has a fifty day moving average of $451.71 and a 200-day moving average of $392.69. 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, Inc. has a 52-week low of $249.32 and a 52-week high of $494.71. The stock has a market capitalization of $11.48 billion, a price-to-earnings ratio of 45.22, a price-to-earnings-growth ratio of 2.05 and a beta of 2.10.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 EPS for the quarter, topping 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 business had revenue of $806.23 million for the quarter, compared to analysts’ expectations of $789.08 million. During the same period in the previous year, the firm earned $1.86 EPS. The business’s quarterly revenue was up 2.4% on a year-over-year basis. Equities research analysts expect that Saia, Inc. will post 11.4 EPS for the current year.

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.