41,942 Shares in Saia, Inc. $SAIA Acquired 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 acquired a new stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 41,942 shares of the transportation company's stock, valued at approximately $14,656,000. Woodline Partners LP owned 0.16% of Saia as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Heritage Family Offices LLP increased its stake in shares of Saia by 4.1% in the first quarter. Heritage Family Offices LLP now owns 741 shares of the transportation company's stock worth $259,000 after buying an additional 29 shares during the last quarter. Golden State Wealth Management LLC lifted its holdings 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 during the period. Cresset Asset Management LLC lifted its holdings in Saia by 3.8% in the first quarter. Cresset Asset Management LLC now owns 1,268 shares of the transportation company's stock worth $443,000 after purchasing an additional 47 shares during the period. Portside Wealth Group LLC lifted its holdings in Saia by 4.6% in the first quarter. Portside Wealth Group LLC now owns 1,206 shares of the transportation company's stock worth $421,000 after purchasing an additional 53 shares during the period. Finally, Journey Strategic Wealth LLC lifted its holdings in Saia by 7.0% in the first quarter. Journey Strategic Wealth LLC now owns 930 shares of the transportation company's stock worth $325,000 after purchasing an additional 61 shares during the period.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on SAIA. Benchmark upped their price objective on shares of Saia from $325.00 to $360.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Wells Fargo & Company upped their price target on shares of Saia from $290.00 to $365.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Stephens upped their price target on shares of Saia from $274.00 to $300.00 and gave the company an "equal weight" rating in a report on Tuesday, July 29th. Wolfe Research raised shares of Saia from a "hold" rating to a "strong-buy" rating in a report on Sunday, June 8th. Finally, Evercore ISI upped their price target on shares of Saia from $297.00 to $345.00 and gave the company an "outperform" rating in a report on Monday, July 28th. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and ten have assigned a Hold rating to the company. According to data from MarketBeat.com, Saia currently has a consensus rating of "Moderate Buy" and an average target price of $347.16.

Saia Stock Down 0.5%

Shares of Saia stock traded down $1.54 on Tuesday, hitting $317.96. 131,841 shares of the company traded hands, compared to its average volume of 637,924. The company has a 50-day moving average price of $301.74 and a 200 day moving average price of $304.23. Saia, Inc. has a 12-month low of $229.12 and a 12-month high of $624.55. The company has a market cap of $8.47 billion, a PE ratio of 29.40, a PEG ratio of 14.31 and a beta of 2.00. 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 (NASDAQ:SAIA - Get Free Report) last released its quarterly earnings data 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 return on equity of 12.42% and a net margin of 8.96%.The firm had revenue of $817.12 million for the quarter, compared to the consensus estimate of $826.59 million. During the same quarter in the prior year, the company posted $3.83 earnings per share. The firm's revenue was down .7% on a year-over-year basis. Sell-side analysts predict that Saia, Inc. will post 15.46 earnings per share for the current year.

Saia Company 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.