Deutsche Bank AG raised its holdings in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 7.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 45,216 shares of the transportation company's stock after buying an additional 3,172 shares during the quarter. Deutsche Bank AG owned about 0.17% of Saia worth $19,043,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of SAIA. Perigon Wealth Management LLC bought a new position in Saia during the second quarter worth $282,000. Simplicity Wealth LLC acquired a new position in Saia during the 2nd quarter valued at $274,000. Argent Trust Co boosted its holdings in Saia by 13.4% in the 2nd quarter. Argent Trust Co now owns 650 shares of the transportation company's stock valued at $274,000 after purchasing an additional 77 shares during the period. Global Retirement Partners LLC bought a new stake in Saia in the 2nd quarter valued at $195,000. Finally, State of Wyoming boosted its holdings in Saia by 80.3% in the 2nd quarter. State of Wyoming now owns 1,060 shares of the transportation company's stock valued at $446,000 after purchasing an additional 472 shares during the period.
Saia Trading Up 0.7%
Shares of Saia stock opened at $362.15 on Friday. Saia, Inc. has a 52-week low of $249.32 and a 52-week high of $494.71. The firm has a market capitalization of $9.66 billion, a PE ratio of 34.96, a price-to-earnings-growth ratio of 1.63 and a beta of 2.14. 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 company's fifty day moving average price is $405.76 and its two-hundred day moving average price is $407.34.
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, 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 company 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 firm earned $2.67 EPS. The firm's revenue for the quarter was up 17.1% compared to the same quarter last year. On average, analysts expect that Saia, Inc. will post 11.44 EPS for the current year.
Analyst Ratings Changes
Several research firms have recently issued reports on SAIA. Weiss Ratings restated a "hold (c)" rating on shares of Saia in a report on Monday, August 3rd. Stephens reduced their target price on shares of Saia from $520.00 to $490.00 and set an "overweight" rating for the company in a research note on Friday, July 31st. Bank of America raised Saia from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $499.00 to $502.00 in a research report on Monday, July 13th. Barclays lowered their price target on Saia from $500.00 to $475.00 and set an "overweight" rating on the stock in a research note on Friday, July 31st. Finally, Stifel Nicolaus raised Saia from a "hold" rating to a "buy" rating and set a $438.00 price target for the company in a report on Friday, July 31st. Thirteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Saia presently has an average rating of "Moderate Buy" and a consensus target price of $449.67.
View Our Latest Report 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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