Man Group plc Buys New Shares in Saia, Inc. $SAIA

Man Group plc acquired a new stake in shares of Saia, Inc. (NASDAQ:SAIA) in the 2nd quarter, HoldingsChannel.com reports. The firm acquired 12,884 shares of the transportation company’s stock, valued at approximately $5,426,000.

Several other institutional investors and hedge funds have also modified their holdings of SAIA. Danske Bank A S purchased a new stake in Saia during the second quarter worth $25,000. Caitong International Asset Management Co. Ltd acquired a new position in Saia in the 2nd quarter valued at $27,000. Quarry LP lifted its stake in shares of Saia by 8,400.0% in the fourth quarter. Quarry LP now owns 85 shares of the transportation company’s stock worth $28,000 after buying an additional 84 shares in the last quarter. Meeder Asset Management Inc. boosted its holdings in shares of Saia by 360.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 69 shares of the transportation company’s stock worth $29,000 after purchasing an additional 54 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in Saia during the fourth quarter worth $36,000.

Saia Stock Performance

NASDAQ SAIA opened at $352.25 on Friday. The company has a market capitalization of $9.39 billion, a P/E ratio of 34.00, a PEG ratio of 1.59 and a beta of 2.14. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.58 and a quick ratio of 1.58. Saia, Inc. has a 1-year low of $249.32 and a 1-year high of $494.71. The business has a 50 day moving average price of $396.18 and a 200 day moving average price of $405.81.

Saia (NASDAQ:SAIA) last announced its earnings results on Thursday, July 30th. The transportation company reported $3.51 EPS for the quarter, beating analysts’ consensus estimates of $3.38 by $0.13. The firm had revenue of $956.49 million for the quarter, compared to analysts’ expectations of $956.20 million. Saia had a return on equity of 10.21% and a net margin of 8.19%.Saia’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.67 EPS. Sell-side analysts expect that Saia, Inc. will post 11.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Morgan Stanley cut their target price on Saia from $295.00 to $285.00 and set an “underweight” rating for the company in a research note on Friday, July 31st. Stephens reduced their target price on shares of Saia from $520.00 to $490.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Bank of America upgraded Saia from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $499.00 to $502.00 in a research note on Monday, July 13th. Wall Street Zen upgraded shares of Saia from a “sell” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Susquehanna increased their price target on shares of Saia from $465.00 to $470.00 and gave the company a “neutral” rating in a research note on Tuesday, July 14th. Thirteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $449.67.

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.