Emerald Investment Advisers LLC Takes Position in Saia, Inc. $SAIA

Key Points

• Emerald Investment Advisers acquired 7,877 Saia shares during the second quarter, valued at approximately $3.32 million.
• Several other institutional investors increased or initiated positions in Saia, while analysts maintained a “Moderate Buy” consensus with an average price target of $449.67.
• Saia beat quarterly earnings estimates, reporting $3.51 in EPS versus $3.38 expected, while revenue rose 17.1% year over year to $956.49 million.

Emerald Investment Advisers LLC acquired a new position in Saia, Inc. (NASDAQ:SAIA - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 7,877 shares of the transportation company's stock, valued at approximately $3,317,000.

A number of other hedge funds have also bought and sold shares of SAIA. M&T Bank Corp boosted its stake in Saia by 383.7% in the 4th quarter. M&T Bank Corp now owns 26,524 shares of the transportation company's stock worth $8,661,000 after purchasing an additional 21,041 shares during the period. Montag A & Associates Inc. purchased a new position in Saia during the 1st quarter valued at about $1,505,000. Marks Group Wealth Management Inc increased its position in shares of Saia by 32.9% during the first quarter. Marks Group Wealth Management Inc now owns 19,040 shares of the transportation company's stock valued at $6,688,000 after buying an additional 4,717 shares during the period. California State Teachers Retirement System increased its position in shares of Saia by 23.1% during the first quarter. California State Teachers Retirement System now owns 30,917 shares of the transportation company's stock valued at $10,861,000 after buying an additional 5,810 shares during the period. Finally, London Co. of Virginia lifted its holdings in shares of Saia by 10.5% in the first quarter. London Co. of Virginia now owns 86,774 shares of the transportation company's stock worth $30,484,000 after buying an additional 8,255 shares in the last quarter.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SAIA. Wells Fargo & Company cut 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 report on Friday, July 31st. Susquehanna upped 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. UBS Group lowered 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. Barclays cut their price target on shares of Saia from $500.00 to $475.00 and set an "overweight" rating for the company in a report on Friday, July 31st. Finally, Raymond James Financial reduced their price target on shares of Saia from $477.00 to $475.00 and set an "outperform" rating for the company in a research report on Monday, July 13th. Thirteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Saia presently has an average rating of "Moderate Buy" and a consensus target price of $449.67.

Saia Stock Up 0.7%

SAIA stock opened at $362.15 on Friday. The company's 50 day moving average is $405.76 and its 200 day moving average is $407.34. The stock has a market cap of $9.66 billion, a price-to-earnings ratio of 34.96, a price-to-earnings-growth ratio of 1.63 and a beta of 2.14. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.04. Saia, Inc. has a 1-year low of $249.32 and a 1-year high of $494.71.

Saia (NASDAQ:SAIA - Get Free Report) last announced its earnings results on Thursday, July 30th. The transportation company reported $3.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.13. Saia had a net margin of 8.19% and a return on equity of 10.21%. The business 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. Saia's revenue for the quarter was up 17.1% on a year-over-year basis. Sell-side analysts predict that Saia, Inc. will post 11.44 EPS for the current fiscal year.

Saia 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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