Canada Pension Plan Investment Board Invests $10.83 Million in Saia, Inc. $SAIA

Key Points

• Canada Pension Plan Investment Board acquired 25,720 Saia shares worth approximately $10.83 million, representing about 0.10% of the company. Other major institutions, including BlackRock and Viking Global Investors, also increased their positions.
• Saia reported quarterly EPS of $3.51, exceeding the $3.38 consensus estimate, while revenue rose 17.1% year over year to $956.49 million.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $449.67, despite the stock opening at $352.25—well below its 52-week high of $494.71.

Canada Pension Plan Investment Board bought a new stake 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 institutional investor bought 25,720 shares of the transportation company's stock, valued at approximately $10,832,000. Canada Pension Plan Investment Board owned approximately 0.10% of Saia as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SAIA. BlackRock Inc. boosted its stake in shares of Saia by 6.6% during the 2nd quarter. BlackRock Inc. now owns 2,545,731 shares of the transportation company's stock valued at $1,072,160,000 after purchasing an additional 156,628 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Saia by 2.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,798,841 shares of the transportation company's stock worth $587,358,000 after buying an additional 43,690 shares in the last quarter. Viking Global Investors LP lifted its holdings in Saia by 67.2% in the third quarter. Viking Global Investors LP now owns 1,383,888 shares of the transportation company's stock worth $414,281,000 after buying an additional 556,229 shares during the period. Invesco Ltd. lifted its holdings in Saia by 31.7% in the fourth quarter. Invesco Ltd. now owns 923,912 shares of the transportation company's stock worth $301,676,000 after buying an additional 222,494 shares during the period. Finally, Wasatch Advisors LP boosted its position in Saia by 25.3% during the 2nd quarter. Wasatch Advisors LP now owns 825,687 shares of the transportation company's stock valued at $226,230,000 after acquiring an additional 166,486 shares in the last quarter.

Saia Stock Performance

Shares of SAIA opened at $352.25 on Friday. The business has a 50-day simple moving average of $396.18 and a two-hundred day simple moving average of $405.81. 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, Inc. has a 52 week low of $249.32 and a 52 week high of $494.71. The stock has a market cap of $9.39 billion, a price-to-earnings ratio of 34.00, a PEG ratio of 1.59 and a beta of 2.14.

Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $956.49 million during the quarter, compared to the consensus estimate of $956.20 million. Saia had a return on equity of 10.21% and a net margin of 8.19%.The firm's revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.67 EPS. On average, analysts expect that Saia, Inc. will post 11.44 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SAIA. The Goldman Sachs Group reissued a "buy" rating and issued a $476.00 target price on shares of Saia in a research report on Thursday, July 30th. Susquehanna upped their price target on shares of Saia from $465.00 to $470.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 14th. Stifel Nicolaus upgraded Saia from a "hold" rating to a "buy" rating and set a $438.00 target price on the stock in a research note on Friday, July 31st. Barclays dropped their target price on shares of Saia from $500.00 to $475.00 and set an "overweight" rating on the stock in a report on Friday, July 31st. Finally, Wells Fargo & Company cut their price target on Saia from $490.00 to $400.00 and set an "equal weight" rating for the company in a research note on Friday, July 31st. Thirteen research 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.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $449.67.

Saia Company Profile

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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