B. Metzler seel. Sohn & Co. AG Invests $6.41 Million in Saia, Inc. $SAIA

Key Points

• B. Metzler seel. Sohn & Co. AG acquired 15,208 Saia shares worth approximately $6.41 million in the second quarter, representing about 0.06% of the company.
• Saia reported quarterly revenue of $956.49 million, up 17.1% year over year, and earnings of $3.51 per share—beating analysts’ $3.38 estimate.
• Analysts maintain a generally positive view, with a consensus “Moderate Buy” rating and an average price target of $449.67, despite recent target-price reductions and the stock trading near $362.15.

B. Metzler seel. Sohn & Co. AG purchased a new position in Saia, Inc. (NASDAQ:SAIA - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 15,208 shares of the transportation company's stock, valued at approximately $6,405,000. B. Metzler seel. Sohn & Co. AG owned approximately 0.06% of Saia as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Saia Stock Performance

NASDAQ:SAIA opened at $362.15 on Friday. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.04. The company's 50-day moving average price is $405.76 and its 200-day moving average price is $407.34. The company has a market cap of $9.66 billion, a P/E ratio of 34.96, a P/E/G ratio of 1.62 and a beta of 2.14. Saia, Inc. has a twelve month low of $249.32 and a twelve month high of $494.71.

Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly 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 net margin of 8.19% and a return on equity of 10.21%. The business had revenue of $956.49 million during the quarter, compared to the consensus estimate of $956.20 million. During the same quarter last year, the firm earned $2.67 EPS. The business's revenue was up 17.1% compared to the same quarter last year. On average, sell-side analysts forecast that Saia, Inc. will post 11.44 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on SAIA. Citigroup reduced their target price on shares of Saia from $488.00 to $423.00 and set a "buy" rating on the stock in a research report on Tuesday, August 4th. Weiss Ratings restated a "hold (c)" rating on shares of Saia in a research report on Monday, August 3rd. Evercore raised Saia from an "in-line" rating to an "outperform" rating in a report on Wednesday, July 1st. Stifel Nicolaus raised Saia from a "hold" rating to a "buy" rating and set a $438.00 target price on the stock in a research report on Friday, July 31st. Finally, Wall Street Zen upgraded shares of Saia from a "sell" rating to a "hold" rating in a report on Monday, May 4th. Thirteen investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $449.67.

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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