BlackRock Inc. increased its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 6.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,545,731 shares of the transportation company's stock after acquiring an additional 156,628 shares during the quarter. BlackRock Inc. owned about 9.55% of Saia worth $1,072,160,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in SAIA. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Saia in the 2nd quarter valued at $27,000. Quarry LP grew its holdings in shares of Saia by 8,400.0% in the 4th quarter. Quarry LP now owns 85 shares of the transportation company's stock worth $28,000 after purchasing an additional 84 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Saia during the 4th quarter worth about $36,000. Torren Management LLC acquired a new stake in shares of Saia during the 4th quarter worth about $40,000. Finally, Larson Financial Group LLC lifted its holdings in Saia by 1,612.5% during the 4th quarter. Larson Financial Group LLC now owns 137 shares of the transportation company's stock valued at $45,000 after purchasing an additional 129 shares during the last quarter.
Saia Stock Performance
Shares of NASDAQ SAIA opened at $362.15 on Friday. The stock has a 50 day moving average price of $405.76 and a 200 day moving average price of $407.34. Saia, Inc. has a 52 week low of $249.32 and a 52 week high of $494.71. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.58 and a current ratio of 1.58. The stock has a market capitalization of $9.66 billion, a PE ratio of 34.96, a price-to-earnings-growth ratio of 1.62 and a beta of 2.14.
Saia (NASDAQ:SAIA - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The transportation company reported $3.51 EPS for the quarter, beating the consensus estimate of $3.38 by $0.13. Saia had a return on equity of 10.21% and a net margin of 8.19%.The company had revenue of $956.49 million during the quarter, compared to the consensus estimate of $956.20 million. During the same quarter in the prior year, the firm posted $2.67 EPS. The firm's revenue for the quarter was up 17.1% compared to the same quarter last year. Analysts predict that Saia, Inc. will post 11.44 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on SAIA shares. Wells Fargo & Company cut their price objective on Saia from $490.00 to $400.00 and set an "equal weight" rating for the company in a research report on Friday, July 31st. Raymond James Financial decreased their target price on Saia from $477.00 to $475.00 and set an "outperform" rating on the stock in a report on Monday, July 13th. Morgan Stanley lowered their target price on Saia from $295.00 to $285.00 and set an "underweight" rating for the company in a research note on Friday, July 31st. The Goldman Sachs Group reaffirmed a "buy" rating and issued a $476.00 price target on shares of Saia in a report on Thursday, July 30th. Finally, Stifel Nicolaus upgraded shares of Saia from a "hold" rating to a "buy" rating and set a $438.00 price target on the stock in a research report on Friday, July 31st. Thirteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $449.67.
Get Our Latest Analysis on Saia
Saia Company 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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