Swedbank AB Invests $2.72 Million in Saia, Inc. $SAIA

Swedbank AB bought a new position in shares of Saia, Inc. (NASDAQ:SAIA) during the 1st quarter, HoldingsChannel reports. The firm bought 7,750 shares of the transportation company’s stock, valued at approximately $2,722,000.

Several other institutional investors have also added to or reduced their stakes in SAIA. AQR Capital Management LLC boosted its stake in Saia by 52.4% in the 1st quarter. AQR Capital Management LLC now owns 1,781 shares of the transportation company’s stock worth $622,000 after purchasing an additional 612 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Saia by 334.3% during the 1st quarter. Jones Financial Companies Lllp now owns 873 shares of the transportation company’s stock worth $305,000 after acquiring an additional 672 shares during the period. California Public Employees Retirement System increased its holdings in shares of Saia by 4.3% in the second quarter. California Public Employees Retirement System now owns 32,543 shares of the transportation company’s stock valued at $8,916,000 after purchasing an additional 1,356 shares during the period. Qube Research & Technologies Ltd purchased a new position in shares of Saia in the second quarter worth about $11,599,000. Finally, Frontier Capital Management Co. LLC purchased a new stake in Saia in the second quarter valued at approximately $13,943,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on SAIA shares. Wells Fargo & Company increased their price objective 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. Weiss Ratings upgraded Saia from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Evercore raised shares of Saia from an “in-line” rating to an “outperform” rating in a research note on Wednesday, July 1st. Benchmark restated a “buy” rating on shares of Saia in a research report on Wednesday, June 3rd. Finally, Susquehanna increased their target price on shares of Saia from $425.00 to $465.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Saia has an average rating of “Moderate Buy” and an average price target of $458.50.

Saia Price Performance

SAIA traded down $0.47 on Friday, hitting $420.82. 348,511 shares of the company’s stock were exchanged, compared to its average volume of 353,349. Saia, Inc. has a fifty-two week low of $249.32 and a fifty-two week high of $494.71. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.04. The firm has a 50-day moving average price of $448.10 and a 200-day moving average price of $398.09. The stock has a market cap of $11.22 billion, a price-to-earnings ratio of 44.20, a P/E/G ratio of 1.98 and a beta of 2.13.

Saia (NASDAQ:SAIA) last issued its earnings results on Thursday, April 30th. The transportation company reported $1.86 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 business had revenue of $806.23 million during the quarter, compared to analysts’ expectations of $789.08 million. During the same period in the prior year, the business earned $1.86 earnings per share. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, equities analysts anticipate that Saia, Inc. will post 11.45 earnings per share for the current year.

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.