Cynosure Group LLC Trims Holdings in Saia, Inc. $SAIA

Cynosure Group LLC decreased its holdings in Saia, Inc. (NASDAQ:SAIA) by 45.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,530 shares of the transportation company’s stock after selling 1,250 shares during the quarter. Cynosure Group LLC’s holdings in Saia were worth $500,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of SAIA. Viking Global Investors LP purchased a new stake in Saia in the second quarter worth $226,770,000. Invesco Ltd. increased its stake in 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 during the period. Alliancebernstein L.P. increased its stake in Saia by 35.4% in the third quarter. Alliancebernstein L.P. now owns 2,273,396 shares of the transportation company’s stock worth $680,564,000 after purchasing an additional 594,674 shares during the period. Norges Bank purchased a new position in shares of Saia during the fourth quarter valued at $130,411,000. Finally, First Trust Advisors LP increased its stake in shares of Saia by 141.3% during the third quarter. First Trust Advisors LP now owns 557,129 shares of the transportation company’s stock valued at $166,782,000 after buying an additional 326,206 shares during the period.

Saia Stock Performance

Shares of Saia stock opened at $457.02 on Wednesday. The firm has a market cap of $12.19 billion, a P/E ratio of 48.01, a P/E/G ratio of 2.26 and a beta of 2.10. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.04. Saia, Inc. has a 12 month low of $249.32 and a 12 month high of $494.71. The stock’s fifty day moving average price is $445.60 and its 200-day moving average price is $385.86.

Saia (NASDAQ:SAIA) last posted its earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.04. Saia had a return on equity of 9.60% and a net margin of 7.84%.The company had revenue of $806.23 million for the quarter, compared to analyst estimates of $789.08 million. During the same quarter in the previous year, the firm earned $1.86 earnings per share. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, equities research analysts expect that Saia, Inc. will post 11.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Wolfe Research upgraded Saia from a “peer perform” rating to an “outperform” rating in a research note on Tuesday, April 7th. The Goldman Sachs Group restated a “buy” rating and set a $441.00 price target on shares of Saia in a research note on Thursday, April 30th. Wells Fargo & Company raised their price target on Saia from $445.00 to $490.00 and gave the company an “equal weight” rating in a research note on Friday, June 5th. Bank of America raised their price target on Saia from $413.00 to $429.00 and gave the company a “neutral” rating in a research note on Tuesday, March 3rd. Finally, Evercore set a $476.00 price target on Saia in a research note on Friday, May 1st. Nine analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $454.00.

About Saia

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.