Assenagon Asset Management S.A. acquired a new stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 40,147 shares of the transportation company's stock, valued at approximately $16,908,000. Assenagon Asset Management S.A. owned approximately 0.15% of Saia as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of SAIA. Viking Global Investors LP acquired a new position in shares of Saia during the second quarter valued at approximately $226,770,000. Invesco Ltd. increased its position in shares of Saia by 1,300.4% during the third quarter. Invesco Ltd. now owns 701,418 shares of the transportation company's stock worth $209,976,000 after purchasing an additional 651,332 shares in the last quarter. Norges Bank purchased a new stake in shares of Saia during the fourth quarter worth approximately $130,411,000. Freestone Grove Partners LP acquired a new position in Saia in the 3rd quarter valued at $56,305,000. Finally, First Trust Advisors LP raised its stake in Saia by 33.0% in the 4th quarter. First Trust Advisors LP now owns 740,798 shares of the transportation company's stock valued at $241,885,000 after purchasing an additional 183,669 shares during the last quarter.
Saia Price Performance
NASDAQ:SAIA opened at $355.77 on Tuesday. Saia, Inc. has a 52 week low of $249.32 and a 52 week high of $494.71. The stock's fifty day moving average is $424.68 and its two-hundred day moving average is $406.50. The company has a market capitalization of $9.49 billion, a P/E ratio of 34.34, a P/E/G ratio of 1.64 and a beta of 2.14. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.04.
Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $956.49 million during the quarter, compared to the consensus estimate of $956.20 million. During the same period last year, the company earned $2.67 EPS. The company's quarterly revenue was up 17.1% on a year-over-year basis. Equities analysts expect that Saia, Inc. will post 11.46 EPS for the current year.
Wall Street Analysts Forecast Growth
SAIA has been the topic of several recent research reports. UBS Group lowered their target price on shares of Saia from $527.00 to $504.00 and set a "buy" rating on the stock in a research note on Friday, July 31st. Weiss Ratings reiterated a "hold (c)" rating on shares of Saia in a research report on Monday, August 3rd. Stifel Nicolaus raised shares of Saia from a "hold" rating to a "buy" rating and set a $438.00 price target on the stock in a research note on Friday, July 31st. BMO Capital Markets boosted their price target on shares of Saia from $450.00 to $470.00 and gave the stock a "market perform" rating in a research report on Thursday, June 4th. Finally, Jefferies Financial Group upped their price objective on shares of Saia from $500.00 to $550.00 and gave the company a "buy" rating in a research note on Wednesday, April 22nd. Thirteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $449.67.
View Our Latest Report on Saia
Saia Profile
(
Free Report)
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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