Bessemer Group Inc. Sells 19,268 Shares of Saia, Inc. $SAIA

Bessemer Group Inc. lowered its position in shares of Saia, Inc. (NASDAQ:SAIA) by 4.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 439,836 shares of the transportation company’s stock after selling 19,268 shares during the quarter. Bessemer Group Inc.’s holdings in Saia were worth $154,505,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Viking Global Investors LP acquired a new stake in shares of Saia in the second quarter valued at approximately $226,770,000. Invesco Ltd. lifted its position in shares of Saia by 1,300.4% in the third quarter. Invesco Ltd. now owns 701,418 shares of the transportation company’s stock worth $209,976,000 after purchasing an additional 651,332 shares in the last quarter. Norges Bank acquired a new position in Saia during the fourth quarter worth $130,411,000. Freestone Grove Partners LP acquired a new stake in shares of Saia in the third quarter valued at about $56,305,000. Finally, First Trust Advisors LP raised its stake in shares of Saia by 33.0% during the 4th quarter. First Trust Advisors LP now owns 740,798 shares of the transportation company’s stock worth $241,885,000 after purchasing an additional 183,669 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Stifel Nicolaus set a $450.00 target price on shares of Saia in a research note on Friday, May 1st. Bank of America raised Saia from a “neutral” rating to a “buy” rating and upped their price objective for the company from $499.00 to $502.00 in a report on Monday. BMO Capital Markets increased their price objective on Saia from $450.00 to $470.00 and gave the stock a “market perform” rating in a research report on Thursday, June 4th. JPMorgan Chase & Co. lifted their target price on Saia from $465.00 to $490.00 and gave the stock an “overweight” rating in a report on Monday, June 8th. Finally, Morgan Stanley boosted their target price on shares of Saia from $265.00 to $295.00 and gave the company an “underweight” rating in a research report on Monday, July 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $462.72.

Saia Trading Up 5.1%

Shares of NASDAQ:SAIA opened at $438.29 on Friday. The business’s 50 day simple moving average is $447.11 and its 200 day simple moving average is $401.39. Saia, Inc. has a 1 year low of $249.32 and a 1 year high of $494.71. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 1.52. The company has a market capitalization of $11.69 billion, a P/E ratio of 46.04, a P/E/G ratio of 1.96 and a beta of 2.13.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.04. The firm had revenue of $806.23 million during the quarter, compared to analysts’ expectations of $789.08 million. Saia had a return on equity of 9.60% and a net margin of 7.84%.The company’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.86 EPS. On average, research analysts anticipate that Saia, Inc. will post 11.42 EPS for the current fiscal 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.