Jennison Associates LLC Takes $25.87 Million Position in Saia, Inc. $SAIA

Jennison Associates LLC bought a new position in Saia, Inc. (NASDAQ:SAIA) during the 2nd quarter, Holdings Channel reports. The firm bought 61,433 shares of the transportation company’s stock, valued at approximately $25,873,000.

Other large investors have also bought and sold shares of the company. Vestor Capital LLC increased its holdings in Saia by 9.5% during the 4th quarter. Vestor Capital LLC now owns 323 shares of the transportation company’s stock valued at $96,000 after purchasing an additional 28 shares in the last quarter. Parallel Advisors LLC raised its position in Saia by 5.8% in the 4th quarter. Parallel Advisors LLC now owns 563 shares of the transportation company’s stock valued at $184,000 after purchasing an additional 31 shares during the last quarter. Wealth Alliance LLC boosted its stake in Saia by 5.1% in the first quarter. Wealth Alliance LLC now owns 763 shares of the transportation company’s stock worth $268,000 after purchasing an additional 37 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in Saia by 0.5% in the second quarter. Handelsbanken Fonder AB now owns 8,858 shares of the transportation company’s stock worth $3,731,000 after purchasing an additional 40 shares in the last quarter. Finally, Boothbay Fund Management LLC grew its holdings in shares of Saia by 3.2% during the second quarter. Boothbay Fund Management LLC now owns 1,401 shares of the transportation company’s stock worth $384,000 after purchasing an additional 43 shares during the last quarter.

Saia Stock Up 1.1%

NASDAQ SAIA opened at $384.32 on Friday. The stock has a fifty day moving average of $416.93 and a 200-day moving average of $406.56. The stock has a market capitalization of $10.25 billion, a P/E ratio of 37.10, a price-to-earnings-growth ratio of 1.71 and a beta of 2.14. Saia, Inc. has a 52 week low of $249.32 and a 52 week high of $494.71. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.58 and a current ratio of 1.58.

Saia (NASDAQ:SAIA) last released its earnings results on Thursday, July 30th. The transportation company reported $3.51 earnings per share for the quarter, topping analysts’ consensus estimates of $3.38 by $0.13. The company had revenue of $956.49 million during the quarter, compared to the consensus estimate of $956.20 million. Saia had a return on equity of 10.21% and a net margin of 8.19%.The firm’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.67 earnings per share. On average, equities research analysts forecast that Saia, Inc. will post 11.46 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. Jefferies Financial Group raised their target price on Saia from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. The Goldman Sachs Group reiterated a “buy” rating and set a $476.00 price target on shares of Saia in a research report on Thursday, July 30th. Benchmark reissued a “buy” rating on shares of Saia in a report on Wednesday, June 3rd. TD Cowen decreased their price objective on shares of Saia from $445.00 to $400.00 and set a “hold” rating on the stock in a report on Friday, July 31st. Finally, Citigroup lowered their price objective on shares of Saia from $488.00 to $423.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $449.67.

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.