Maverick Capital Ltd. Invests $1.42 Million in Saia, Inc. $SAIA

Maverick Capital Ltd. bought a new position in shares of Saia, Inc. (NASDAQ:SAIA) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 4,030 shares of the transportation company’s stock, valued at approximately $1,416,000.

Several other hedge funds also recently added to or reduced their stakes in SAIA. Lincoln Capital Corp purchased a new stake in shares of Saia during the fourth quarter worth about $1,371,000. M&T Bank Corp increased its holdings in shares of Saia by 383.7% during the fourth quarter. M&T Bank Corp now owns 26,524 shares of the transportation company’s stock valued at $8,661,000 after acquiring an additional 21,041 shares in the last quarter. Montag A & Associates Inc. purchased a new position in shares of Saia in the 1st quarter valued at approximately $1,505,000. Lecap Asset Management Ltd. purchased a new position in shares of Saia in the 4th quarter valued at approximately $1,692,000. Finally, Marks Group Wealth Management Inc boosted its stake in Saia by 32.9% in the 1st quarter. Marks Group Wealth Management Inc now owns 19,040 shares of the transportation company’s stock worth $6,688,000 after purchasing an additional 4,717 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Wolfe Research raised shares of Saia from a “peer perform” rating to an “outperform” rating in a research report on Tuesday, April 7th. Citigroup raised shares of Saia from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $524.00 to $488.00 in a report on Thursday, July 9th. Morgan Stanley lifted their price objective 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 upgraded shares of Saia from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen raised shares of Saia from a “sell” rating to a “hold” rating in a report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $462.72.

Saia Trading Down 0.9%

Shares of NASDAQ:SAIA opened at $419.92 on Tuesday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. Saia, Inc. has a 52-week low of $249.32 and a 52-week high of $494.71. The stock has a market cap of $11.20 billion, a price-to-earnings ratio of 44.11, a PEG ratio of 1.98 and a beta of 2.13. The business has a 50-day moving average price of $444.20 and a 200-day moving average price of $405.77.

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 return on equity of 9.60% and a net margin of 7.84%.The firm had revenue of $806.23 million for the quarter, compared to analyst estimates of $789.08 million. During the same quarter in the prior year, the firm earned $1.86 earnings per share. Saia’s revenue for the quarter was up 2.4% on a year-over-year basis. Equities analysts predict that Saia, Inc. will post 11.46 EPS 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.