NewEdge Advisors LLC Purchases 1,705 Shares of Saia, Inc. $SAIA

NewEdge Advisors LLC increased its position in shares of Saia, Inc. (NASDAQ:SAIA) by 3,706.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,751 shares of the transportation company’s stock after acquiring an additional 1,705 shares during the quarter. NewEdge Advisors LLC’s holdings in Saia were worth $615,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in SAIA. M&T Bank Corp lifted its position in Saia by 383.7% during the 4th quarter. M&T Bank Corp now owns 26,524 shares of the transportation company’s stock valued at $8,661,000 after purchasing an additional 21,041 shares during the period. Montag A & Associates Inc. acquired a new stake in shares of Saia during the 1st quarter worth approximately $1,505,000. Marks Group Wealth Management Inc raised its stake in shares of Saia by 32.9% during the first quarter. Marks Group Wealth Management Inc now owns 19,040 shares of the transportation company’s stock worth $6,688,000 after buying an additional 4,717 shares during the last quarter. California State Teachers Retirement System lifted its holdings in Saia by 23.1% in the first quarter. California State Teachers Retirement System now owns 30,917 shares of the transportation company’s stock valued at $10,861,000 after buying an additional 5,810 shares during the period. Finally, London Co. of Virginia lifted its holdings in Saia by 10.5% in the first quarter. London Co. of Virginia now owns 86,774 shares of the transportation company’s stock valued at $30,484,000 after buying an additional 8,255 shares during the period.

Analyst Ratings Changes

A number of research firms have commented on SAIA. Evercore raised shares of Saia from an “in-line” rating to an “outperform” rating in a report on Wednesday, July 1st. Stephens cut their price target on Saia from $520.00 to $490.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. Wall Street Zen upgraded Saia from a “sell” rating to a “hold” rating in a research report on Monday, May 4th. Bank of America raised Saia from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $499.00 to $502.00 in a research note on Monday, July 13th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $476.00 target price on shares of Saia in a research note on Thursday, July 30th. Thirteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Saia has an average rating of “Moderate Buy” and a consensus price target of $449.67.

Saia Trading Up 0.1%

Shares of NASDAQ SAIA opened at $359.63 on Friday. Saia, Inc. has a twelve month low of $249.32 and a twelve month high of $494.71. The stock has a market cap of $9.59 billion, a price-to-earnings ratio of 34.71, a P/E/G ratio of 1.62 and a beta of 2.14. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.04. The company’s fifty day moving average is $408.17 and its 200-day moving average is $407.66.

Saia (NASDAQ:SAIA) last released its quarterly earnings data 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 business had revenue of $956.49 million during the quarter, compared to analysts’ expectations of $956.20 million. Saia had a net margin of 8.19% and a return on equity of 10.21%. The firm’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.67 EPS. Equities research analysts predict that Saia, Inc. will post 11.44 EPS for the current year.

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.