United Services Automobile Association Takes Position in Saia, Inc. $SAIA

Key Points

• United Services Automobile Association acquired 1,721 shares of Saia, Inc., valued at approximately $618,000, during the first quarter, reflecting increased institutional interest in the transportation company.
• Saia's recent earnings report revealed an EPS of $2.67, surpassing expectations, although revenue fell short of estimates, declining by 0.7% year-over-year.
• JPMorgan and Wells Fargo have recently raised their price targets for Saia, indicating growing confidence among analysts, with a consensus rating of "Moderate Buy" for the stock.

United Services Automobile Association purchased a new position in Saia, Inc. (NASDAQ:SAIA - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,721 shares of the transportation company's stock, valued at approximately $618,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC raised its position in Saia by 127.0% in the first quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company's stock worth $29,000 after purchasing an additional 47 shares in the last quarter. NBC Securities Inc. acquired a new position in Saia in the first quarter worth about $43,000. Group One Trading LLC raised its position in Saia by 114.4% in the fourth quarter. Group One Trading LLC now owns 243 shares of the transportation company's stock worth $111,000 after purchasing an additional 1,934 shares in the last quarter. Picton Mahoney Asset Management acquired a new position in Saia in the first quarter worth about $135,000. Finally, GAMMA Investing LLC raised its position in Saia by 20.2% in the first quarter. GAMMA Investing LLC now owns 441 shares of the transportation company's stock worth $154,000 after purchasing an additional 74 shares in the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SAIA shares. The Goldman Sachs Group raised shares of Saia from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $387.00 to $410.00 in a report on Monday, June 2nd. Stephens raised their price objective on shares of Saia from $274.00 to $300.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 29th. Stifel Nicolaus reaffirmed a "hold" rating and set a $306.00 price objective (up previously from $277.00) on shares of Saia in a report on Thursday, July 24th. JPMorgan Chase & Co. raised their price objective on shares of Saia from $295.00 to $380.00 and gave the stock an "overweight" rating in a report on Monday, July 28th. Finally, Wolfe Research raised shares of Saia from a "hold" rating to a "strong-buy" rating in a report on Sunday, June 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $347.16.

Saia Price Performance

Shares of Saia stock traded up $5.14 during midday trading on Monday, reaching $317.77. The company had a trading volume of 191,411 shares, compared to its average volume of 638,635. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $8.47 billion, a price-to-earnings ratio of 29.34, a price-to-earnings-growth ratio of 14.31 and a beta of 2.00. The stock has a fifty day simple moving average of $301.06 and a 200 day simple moving average of $304.86. Saia, Inc. has a 1-year low of $229.12 and a 1-year high of $624.55.

Saia (NASDAQ:SAIA - Get Free Report) last released its earnings results on Friday, July 25th. The transportation company reported $2.67 EPS for the quarter, topping analysts' consensus estimates of $2.39 by $0.28. Saia had a net margin of 8.96% and a return on equity of 12.42%. The firm had revenue of $817.12 million during the quarter, compared to analyst estimates of $826.59 million. During the same quarter in the previous year, the business earned $3.83 EPS. The business's quarterly revenue was down .7% compared to the same quarter last year. As a group, equities research analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current year.

About Saia

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.