Alyeska Investment Group L.P. Purchases Shares of 106,540 Saia, Inc. $SAIA

Key Points

• Alyeska Investment Group L.P. acquired a significant new stake in Saia, Inc. by purchasing 106,540 shares valued at approximately $37.2 million during the first quarter.
• Despite recent performance fluctuations, analysts have shown optimism, with several firms increasing their price targets for Saia, projecting a consensus target of $347.16.
• Saia recently reported earnings that exceeded expectations, with a net margin of 8.96% and a revenue of $817.12 million for the quarter.

Alyeska Investment Group L.P. purchased a new stake in Saia, Inc. (NASDAQ:SAIA - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 106,540 shares of the transportation company's stock, valued at approximately $37,228,000. Alyeska Investment Group L.P. owned 0.40% of Saia at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SAIA. Heritage Family Offices LLP lifted its holdings in shares of Saia by 4.1% during the 1st quarter. Heritage Family Offices LLP now owns 741 shares of the transportation company's stock worth $259,000 after acquiring an additional 29 shares during the last quarter. Golden State Wealth Management LLC grew its stake in shares of 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 last quarter. Cresset Asset Management LLC grew its position in shares of Saia by 3.8% in the 1st quarter. Cresset Asset Management LLC now owns 1,268 shares of the transportation company's stock worth $443,000 after buying an additional 47 shares during the last quarter. Portside Wealth Group LLC grew its position in shares of Saia by 4.6% in the 1st quarter. Portside Wealth Group LLC now owns 1,206 shares of the transportation company's stock worth $421,000 after buying an additional 53 shares during the last quarter. Finally, Journey Strategic Wealth LLC boosted its position in Saia by 7.0% during the 1st quarter. Journey Strategic Wealth LLC now owns 930 shares of the transportation company's stock valued at $325,000 after acquiring an additional 61 shares in the last quarter.

Saia Stock Down 0.5%

Shares of Saia stock opened at $291.13 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 company has a market cap of $7.76 billion, a price-to-earnings ratio of 26.88, a price-to-earnings-growth ratio of 13.58 and a beta of 2.00. The company's 50 day moving average is $297.60 and its 200 day moving average is $313.06.

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

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on SAIA shares. Barclays boosted their target price on shares of Saia from $315.00 to $350.00 and gave the company an "overweight" rating in a report on Monday, July 28th. Wall Street Zen upgraded shares of Saia to a "sell" rating in a report on Tuesday, May 13th. Stephens increased 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. Wells Fargo & Company increased 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. Finally, Bank of America increased their price target on shares of Saia from $251.00 to $300.00 and gave the company a "neutral" rating in a report on Friday, May 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $347.16.

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.

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