Greenhouse Funds LLLP Takes $15.66 Million Position in Saia, Inc. $SAIA

Key Points

• Greenhouse Funds LLLP has taken a new position in Saia, Inc., acquiring $15.66 million worth of shares, which represents 0.17% of the company as of their latest SEC filing.
• Recent analyst reports indicate a positive outlook for Saia, with firms like Citigroup and JPMorgan raising their price targets significantly, resulting in a consensus price target of $347.16.
• Despite a recent earnings report showing a 7% decline in revenue year-over-year, Saia outperformed EPS expectations, indicating potential resilience in the face of economic challenges.

Greenhouse Funds LLLP acquired a new stake in Saia, Inc. (NASDAQ:SAIA - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 44,809 shares of the transportation company's stock, valued at approximately $15,658,000. Greenhouse Funds LLLP owned 0.17% of Saia as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Interval Partners LP acquired a new position in shares of Saia in the 4th quarter valued at about $89,229,000. Driehaus Capital Management LLC lifted its holdings in shares of Saia by 9.0% in the 4th quarter. Driehaus Capital Management LLC now owns 75,726 shares of the transportation company's stock valued at $34,511,000 after buying an additional 6,274 shares during the period. Hunter Associates Investment Management LLC raised its holdings in Saia by 55.6% in the 1st quarter. Hunter Associates Investment Management LLC now owns 11,030 shares of the transportation company's stock worth $3,832,000 after purchasing an additional 3,940 shares during the period. Running Oak Capital LLC raised its holdings in Saia by 28.1% in the 1st quarter. Running Oak Capital LLC now owns 38,760 shares of the transportation company's stock worth $13,544,000 after purchasing an additional 8,501 shares during the period. Finally, Blueshift Asset Management LLC acquired a new position in Saia in the 1st quarter worth about $483,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Citigroup reaffirmed a "buy" rating and issued a $393.00 price target (up previously from $350.00) on shares of Saia in a report on Monday, July 28th. Jefferies Financial Group set a $335.00 price target on Saia and gave the stock a "buy" rating in a report on Tuesday, June 10th. Wells Fargo & Company upped their price target on Saia from $290.00 to $365.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. JPMorgan Chase & Co. boosted their price objective on Saia from $295.00 to $380.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. Finally, Barclays boosted their price objective on Saia from $315.00 to $350.00 and gave the stock an "overweight" rating in a research note on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have given a Hold rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $347.16.

Saia Price Performance

SAIA stock opened at $291.13 on Thursday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 1.49. The business has a 50 day simple moving average of $297.60 and a 200-day simple moving average of $313.06. The firm has a market capitalization of $7.76 billion, a PE ratio of 26.88, a price-to-earnings-growth ratio of 13.58 and a beta of 2.00. Saia, Inc. has a 1 year low of $229.12 and a 1 year high of $624.55.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The transportation company reported $2.67 earnings per share for the quarter, topping the consensus estimate of $2.39 by $0.28. The company had revenue of $817.12 million during the quarter, compared to analyst estimates of $826.59 million. Saia had a return on equity of 12.42% and a net margin of 8.96%.The firm's revenue for the quarter was down .7% compared to the same quarter last year. During the same period in the prior year, the business posted $3.83 earnings per share. Equities research analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

About Saia

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.

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