Janney Montgomery Scott LLC Has $4.67 Million Holdings in Saia, Inc. $SAIA

Key Points

• Janney Montgomery Scott reduced its Saia stake by 26.1% in the second quarter, selling 3,925 shares and retaining 11,098 shares valued at approximately $4.67 million.
• Saia reported quarterly EPS of $3.51, beating estimates of $3.38, while revenue rose 17.1% year over year to $956.49 million.
• Analysts maintain a generally positive outlook, with 13 Buy, seven Hold, and one Sell rating and a consensus price target of $449.67.

Janney Montgomery Scott LLC lessened its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 26.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,098 shares of the transportation company's stock after selling 3,925 shares during the quarter. Janney Montgomery Scott LLC's holdings in Saia were worth $4,674,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the business. Caitong International Asset Management Co. Ltd bought a new stake in shares of Saia during the second quarter worth approximately $27,000. Principal Financial Group Inc. lifted its holdings in Saia by 1.8% in the second quarter. Principal Financial Group Inc. now owns 60,548 shares of the transportation company's stock valued at $25,500,000 after buying an additional 1,052 shares during the period. Fox Run Management L.L.C. bought a new position in Saia in the second quarter valued at approximately $741,000. Boomfish Wealth Group LLC boosted its stake in Saia by 46.8% in the second quarter. Boomfish Wealth Group LLC now owns 998 shares of the transportation company's stock valued at $420,000 after acquiring an additional 318 shares during the last quarter. Finally, Eagle Bay Advisors LLC grew its holdings in Saia by 7.4% during the 2nd quarter. Eagle Bay Advisors LLC now owns 638 shares of the transportation company's stock worth $269,000 after acquiring an additional 44 shares during the period.

Saia Trading Up 1.1%

SAIA opened at $384.32 on Friday. The firm's fifty day moving average is $416.93 and its two-hundred day moving average is $406.56. The firm has a market cap of $10.25 billion, a PE ratio of 37.10, a price-to-earnings-growth ratio of 1.73 and a beta of 2.14. Saia, Inc. has a twelve month low of $249.32 and a twelve month high of $494.71. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.58 and a current ratio of 1.58.

Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly 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 company had revenue of $956.49 million during the quarter, compared to analyst estimates of $956.20 million. During the same quarter in the previous year, the business earned $2.67 EPS. The firm's revenue was up 17.1% on a year-over-year basis. Equities research analysts anticipate that Saia, Inc. will post 11.44 EPS for the current year.

Wall Street Analyst Weigh In

SAIA has been the subject of several recent research reports. BMO Capital Markets upped their target price on shares of Saia from $450.00 to $470.00 and gave the company a "market perform" rating in a research report on Thursday, June 4th. Barclays reduced their price target on Saia from $500.00 to $475.00 and set an "overweight" rating on the stock in a research report on Friday, July 31st. Raymond James Financial decreased their price objective on Saia from $477.00 to $475.00 and set an "outperform" rating for the company in a research note on Monday, July 13th. Stifel Nicolaus upgraded Saia from a "hold" rating to a "buy" rating and set a $438.00 price objective for the company in a report on Friday, July 31st. Finally, Susquehanna increased their target price on Saia from $465.00 to $470.00 and gave the company a "neutral" rating in a research note on Tuesday, July 14th. Thirteen analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Saia has an average rating of "Moderate Buy" and a consensus price target 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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