LRT Capital Management LLC Trims Position in Saia, Inc. $SAIA

LRT Capital Management LLC lessened its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 41.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,171 shares of the transportation company’s stock after selling 3,673 shares during the quarter. Saia comprises 1.4% of LRT Capital Management LLC’s portfolio, making the stock its 24th largest holding. LRT Capital Management LLC’s holdings in Saia were worth $1,688,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. AQR Capital Management LLC increased its stake in Saia by 52.4% in the 1st quarter. AQR Capital Management LLC now owns 1,781 shares of the transportation company’s stock worth $622,000 after acquiring an additional 612 shares during the last quarter. Jones Financial Companies Lllp increased its stake in Saia by 334.3% in the 1st quarter. Jones Financial Companies Lllp now owns 873 shares of the transportation company’s stock worth $305,000 after acquiring an additional 672 shares during the last quarter. California Public Employees Retirement System increased its stake in Saia by 4.3% in the 2nd quarter. California Public Employees Retirement System now owns 32,543 shares of the transportation company’s stock worth $8,916,000 after acquiring an additional 1,356 shares during the last quarter. Qube Research & Technologies Ltd bought a new position in Saia in the 2nd quarter worth about $11,599,000. Finally, Frontier Capital Management Co. LLC bought a new position in Saia in the 2nd quarter worth about $13,943,000.

Saia Price Performance

SAIA opened at $482.87 on Friday. The stock’s 50 day simple moving average is $441.15 and its 200 day simple moving average is $382.46. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 1.52. Saia, Inc. has a 1 year low of $249.32 and a 1 year high of $494.71. The firm has a market cap of $12.88 billion, a price-to-earnings ratio of 50.72, a PEG ratio of 2.30 and a beta of 2.10.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, topping 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 business had revenue of $806.23 million for the quarter, compared to analyst estimates of $789.08 million. During the same period last year, the company earned $1.86 EPS. Saia’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, analysts predict that Saia, Inc. will post 11.4 earnings per share for the current year.

Analysts Set New Price Targets

SAIA has been the topic of several recent research reports. Barclays increased their price objective on Saia from $400.00 to $500.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Bank of America increased their price objective on Saia from $413.00 to $429.00 and gave the company a “neutral” rating in a research report on Tuesday, March 3rd. Raymond James Financial reiterated an “outperform” rating and set a $477.00 price objective on shares of Saia in a research report on Friday, May 1st. Wolfe Research upgraded Saia from a “peer perform” rating to an “outperform” rating in a research report on Tuesday, April 7th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $265.00 price objective on shares of Saia in a research report on Friday, May 1st. Ten equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $453.56.

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.