Callan Family Office LLC Buys Shares of 3,003 Saia, Inc. $SAIA

Key Points

• Callan Family Office LLC initiated a position in Saia by purchasing 3,003 shares worth approximately $1.27 million during the second quarter. Several other institutional investors also opened or increased small positions.
• Analyst sentiment remains broadly positive, with 13 Buy, seven Hold, and one Sell rating. Saia has a consensus “Moderate Buy” rating and an average price target of $449.67.
• Saia beat quarterly earnings expectations, reporting $3.51 EPS versus the $3.38 estimate, while revenue rose 17.1% year over year to $956.49 million.

Callan Family Office LLC purchased a new stake in Saia, Inc. (NASDAQ:SAIA - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,003 shares of the transportation company's stock, valued at approximately $1,265,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Danske Bank A S acquired a new stake in Saia in the 2nd quarter valued at about $25,000. Caitong International Asset Management Co. Ltd purchased a new position in Saia during the 2nd quarter valued at about $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 worth $28,000 after acquiring an additional 84 shares during the last quarter. Meeder Asset Management Inc. raised 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 worth $29,000 after acquiring an additional 54 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Saia in the fourth quarter valued at about $36,000.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SAIA shares. Raymond James Financial lowered their price target on shares of Saia from $477.00 to $475.00 and set an "outperform" rating on the stock in a research report on Monday, July 13th. Bank of America upgraded Saia from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $499.00 to $502.00 in a research report on Monday, July 13th. Susquehanna upped their target price on Saia from $465.00 to $470.00 and gave the company a "neutral" rating in a research note on Tuesday, July 14th. Stephens lowered their target price on Saia from $520.00 to $490.00 and set an "overweight" rating on the stock in a report on Friday, July 31st. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $476.00 price target on shares of Saia in a research report on Thursday, July 30th. Thirteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $449.67.

Saia Stock Performance

Shares of SAIA stock opened at $362.15 on Monday. The firm has a market cap of $9.66 billion, a P/E ratio of 34.96, a PEG ratio of 1.63 and a beta of 2.14. Saia, Inc. has a 1-year low of $249.32 and a 1-year 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 firm's 50-day simple moving average is $405.76 and its 200-day simple moving average is $407.62.

Saia (NASDAQ:SAIA - Get Free Report) last released its earnings results on Thursday, July 30th. The transportation company reported $3.51 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $956.49 million during the quarter, compared to the consensus estimate of $956.20 million. During the same period in the previous year, the firm earned $2.67 earnings per share. Saia's revenue was up 17.1% compared to the same quarter last year. As a group, equities analysts forecast that Saia, Inc. will post 11.44 EPS for the current 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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