41,942 Shares in Saia, Inc. $SAIA Bought by Woodline Partners LP

Key Points

• Woodline Partners LP acquired a new position in Saia, Inc., purchasing 41,942 shares valued at approximately $14.66 million, representing about 0.16% of the company's stock.
• Saia reported quarterly earnings of $2.67 per share, exceeding estimates by $0.28, with revenue of $817.12 million, slightly below expectations.
• Analysts have increased their price targets for Saia, with Goldman Sachs upgrading its rating from "neutral" to "buy" and raising the price objective from $387 to $410.

Woodline Partners LP bought a new position in Saia, Inc. (NASDAQ:SAIA - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 41,942 shares of the transportation company's stock, valued at approximately $14,656,000. Woodline Partners LP owned about 0.16% of Saia at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. United Services Automobile Association purchased a new position in shares of Saia during the 1st quarter valued at about $618,000. Challenger Wealth Management raised its stake in shares of Saia by 40.0% during the 1st quarter. Challenger Wealth Management now owns 700 shares of the transportation company's stock valued at $245,000 after buying an additional 200 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Saia by 334.3% during the 1st quarter. Jones Financial Companies Lllp now owns 873 shares of the transportation company's stock valued at $305,000 after buying an additional 672 shares during the last quarter. Select Equity Group L.P. raised its stake in shares of Saia by 59.6% during the 1st quarter. Select Equity Group L.P. now owns 480,498 shares of the transportation company's stock valued at $167,900,000 after buying an additional 179,444 shares during the last quarter. Finally, Shellback Capital LP purchased a new position in shares of Saia during the 1st quarter valued at about $5,241,000.

Saia Price Performance

Shares of Saia stock opened at $307.41 on Thursday. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.13. Saia, Inc. has a twelve month low of $229.12 and a twelve month high of $624.55. The business has a 50-day moving average price of $300.29 and a 200 day moving average price of $307.59. The firm has a market cap of $8.19 billion, a PE ratio of 28.39, a P/E/G ratio of 14.02 and a beta of 2.00.

Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The transportation company reported $2.67 earnings per share for the quarter, beating the consensus estimate of $2.39 by $0.28. Saia had a return on equity of 12.42% and a net margin of 8.96%.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. Saia's revenue for the quarter was down .7% compared to the same quarter last year. Sell-side analysts predict that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on SAIA shares. Stephens lifted their price objective on Saia from $274.00 to $300.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 29th. Stifel Nicolaus reiterated a "hold" rating and set a $306.00 price objective (up previously from $277.00) on shares of Saia in a research note on Thursday, July 24th. The Goldman Sachs Group upgraded Saia from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $387.00 to $410.00 in a research note on Monday, June 2nd. Wolfe Research upgraded Saia from a "hold" rating to a "strong-buy" rating in a research note on Sunday, June 8th. Finally, Susquehanna upgraded Saia from a "neutral" rating to a "positive" rating and lifted their price target for the company from $340.00 to $360.00 in a research note on Wednesday. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $347.16.

Saia Profile

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.

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