Alyeska Investment Group L.P. Takes Position in Saia, Inc. $SAIA

Key Points

• Alyeska Investment Group initiated a position in Saia by purchasing 133,439 shares worth approximately $56.2 million, representing about 0.5% of the company. Several other institutional investors also established or increased positions.
• Analyst sentiment remains positive overall, with 13 Buy, six Hold, and one Sell rating. Saia has a consensus “Moderate Buy” rating and an average price target of $449.67, despite mixed individual target revisions.
• Saia exceeded quarterly earnings expectations, reporting $3.51 in EPS versus the $3.38 consensus, while revenue rose 17.1% year over year to $956.49 million.

Alyeska Investment Group L.P. bought a new position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 133,439 shares of the transportation company's stock, valued at approximately $56,199,000. Alyeska Investment Group L.P. owned about 0.50% of Saia as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Danske Bank A S bought a new stake in Saia during the 2nd quarter worth about $25,000. Caitong International Asset Management Co. Ltd bought a new position in shares of Saia in the 2nd quarter valued at about $27,000. Quarry LP boosted its stake in shares of Saia by 8,400.0% in the 4th quarter. Quarry LP now owns 85 shares of the transportation company's stock valued at $28,000 after purchasing an additional 84 shares during the last quarter. Meeder Asset Management Inc. grew its position in shares of Saia by 360.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 69 shares of the transportation company's stock worth $29,000 after buying an additional 54 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Saia during the 4th quarter worth approximately $36,000.

Analysts Set New Price Targets

SAIA has been the subject of a number of analyst reports. Citigroup lowered their target price on shares of Saia from $488.00 to $423.00 and set a "buy" rating for the company in a report on Tuesday, August 4th. Morgan Stanley reduced their price target on Saia from $295.00 to $285.00 and set an "underweight" rating on the stock in a research report on Friday, July 31st. Stifel Nicolaus raised Saia from a "hold" rating to a "buy" rating and set a $438.00 price objective for the company in a research note on Friday, July 31st. Weiss Ratings reiterated a "hold (c)" rating on shares of Saia in a report on Monday, August 3rd. Finally, BMO Capital Markets increased their target price on Saia from $450.00 to $470.00 and gave the company a "market perform" rating in a research note on Thursday, June 4th. Thirteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Saia currently has an average rating of "Moderate Buy" and a consensus target price of $449.67.

Saia Stock Performance

NASDAQ:SAIA opened at $352.25 on Monday. Saia, Inc. has a fifty-two week low of $249.32 and a fifty-two week high of $494.71. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.58 and a quick ratio of 1.58. The stock has a market capitalization of $9.39 billion, a PE ratio of 34.00, a price-to-earnings-growth ratio of 1.59 and a beta of 2.14. The business's 50-day simple moving average is $396.18 and its 200-day simple moving average is $405.78.

Saia (NASDAQ:SAIA - Get Free Report) last posted its earnings results on Thursday, July 30th. The transportation company reported $3.51 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.38 by $0.13. Saia had a return on equity of 10.21% and a net margin of 8.19%.The business had revenue of $956.49 million during the quarter, compared to analysts' expectations of $956.20 million. During the same period in the prior year, the business earned $2.67 EPS. Saia's revenue for the quarter was up 17.1% compared to the same quarter last year. Sell-side analysts expect that Saia, Inc. will post 11.44 earnings per share for the current fiscal year.

About Saia

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.

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