Diversify Advisory Services LLC Makes New Investment in Saia, Inc. $SAIA

Key Points

• Diversify Advisory Services LLC acquired 3,107 Saia shares during the second quarter, valued at approximately $1.305 million. Several other institutional investors also initiated or increased positions.
• Analyst sentiment remains favorable, with 13 Buy, seven Hold, and one Sell rating, producing a consensus “Moderate Buy” rating and an average price target of $449.67.
• Saia reported quarterly EPS of $3.51, beating estimates of $3.38, while revenue rose 17.1% year over year to $956.49 million. The stock opened at $359.19, below its 50-day and 200-day moving averages.

Diversify Advisory Services LLC bought a new position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,107 shares of the transportation company's stock, valued at approximately $1,305,000.

Several other institutional investors have also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of Saia during the second quarter valued at approximately $27,000. Quarry LP raised its holdings in Saia by 8,400.0% in the fourth quarter. Quarry LP now owns 85 shares of the transportation company's stock worth $28,000 after purchasing an additional 84 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in Saia by 360.0% in the second quarter. Meeder Asset Management Inc. now owns 69 shares of the transportation company's stock worth $29,000 after purchasing an additional 54 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in Saia during the fourth quarter valued at $36,000. Finally, Torren Management LLC purchased a new position in Saia during the fourth quarter valued at $40,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Evercore upgraded Saia from an "in-line" rating to an "outperform" rating in a report on Wednesday, July 1st. Weiss Ratings reissued a "hold (c)" rating on shares of Saia in a research report on Monday, August 3rd. Wells Fargo & Company reduced their price objective on shares of Saia from $490.00 to $400.00 and set an "equal weight" rating for the company in a research note on Friday, July 31st. Susquehanna lifted their target price on shares of Saia from $465.00 to $470.00 and gave the stock a "neutral" rating in a report on Tuesday, July 14th. Finally, UBS Group dropped their target price on shares of Saia from $527.00 to $504.00 and set a "buy" rating on the stock in a research note on Friday, July 31st. Thirteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $449.67.

Saia Price Performance

SAIA opened at $359.19 on Thursday. The company's 50-day simple moving average is $410.72 and its two-hundred day simple moving average is $407.48. 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 $9.58 billion, a P/E ratio of 34.67, a P/E/G ratio of 1.66 and a beta of 2.14. Saia, Inc. has a 52-week low of $249.32 and a 52-week 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 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 firm had revenue of $956.49 million during the quarter, compared to analyst estimates of $956.20 million. During the same period in the previous year, the business posted $2.67 earnings per share. The business's revenue for the quarter was up 17.1% on a year-over-year basis. As a group, analysts predict 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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