Stephens Investment Management Group LLC Has $41.53 Million Stock Holdings in Saia, Inc. $SAIA

Stephens Investment Management Group LLC increased its holdings in Saia, Inc. (NASDAQ:SAIA) by 7.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 127,193 shares of the transportation company’s stock after buying an additional 9,247 shares during the quarter. Stephens Investment Management Group LLC’s holdings in Saia were worth $41,531,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. State of Wyoming acquired a new position in Saia in the third quarter worth about $30,000. Torren Management LLC acquired a new position in Saia in the fourth quarter worth about $40,000. Allworth Financial LP raised its position in Saia by 69.0% in the third quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock worth $43,000 after purchasing an additional 58 shares in the last quarter. Farther Finance Advisors LLC raised its position in Saia by 46.9% in the fourth quarter. Farther Finance Advisors LLC now owns 144 shares of the transportation company’s stock worth $47,000 after purchasing an additional 46 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC raised its position in Saia by 6,400.0% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 195 shares of the transportation company’s stock worth $58,000 after purchasing an additional 192 shares in the last quarter.

Wall Street Analysts Forecast Growth

SAIA has been the subject of several recent research reports. TD Cowen increased their price target on shares of Saia from $367.00 to $445.00 and gave the stock a “hold” rating in a research report on Friday, May 1st. Stifel Nicolaus set a $450.00 price target on shares of Saia in a research report on Friday, May 1st. Wells Fargo & Company raised their price objective on shares of Saia from $395.00 to $445.00 and gave the stock an “equal weight” rating in a report on Friday, May 1st. Susquehanna lowered shares of Saia from a “positive” rating to a “neutral” rating and raised their price objective for the stock from $390.00 to $425.00 in a report on Wednesday, February 11th. Finally, UBS Group reaffirmed a “buy” rating and set a $493.00 price objective on shares of Saia in a report on Wednesday, February 11th. 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. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $444.94.

Saia Price Performance

Shares of SAIA stock opened at $460.38 on Friday. Saia, Inc. has a 52-week low of $248.37 and a 52-week high of $463.12. The stock has a market cap of $12.28 billion, a PE ratio of 48.36, a PEG ratio of 2.20 and a beta of 2.12. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.52 and a current ratio of 1.52. The firm’s 50 day moving average price is $389.52 and its two-hundred day moving average price is $355.49.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.04. Saia had a net margin of 7.84% and a return on equity of 9.60%. The firm had revenue of $806.23 million for the quarter, compared to analysts’ expectations of $789.08 million. During the same period last year, the firm earned $1.86 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. As a group, analysts forecast that Saia, Inc. will post 11.36 EPS for the current year.

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.