Man Group plc Takes $5.43 Million Position in Saia, Inc. $SAIA

Key Points

• Man Group acquired a new $5.43 million position in Saia during the second quarter, purchasing 12,884 shares. Several other institutional investors also initiated or increased their holdings.
• Analysts maintain a generally positive view, with 13 Buy, six Hold, and one Sell rating; Saia has a “Moderate Buy” consensus and an average price target of $449.67, despite several recent target reductions.
• Saia’s latest quarterly results exceeded expectations: adjusted EPS was $3.51 versus a $3.38 consensus, while revenue rose 17.1% year over year to $956.49 million.

Man Group plc acquired a new position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 12,884 shares of the transportation company's stock, valued at approximately $5,426,000.

Several other institutional investors have also recently modified their holdings of the company. Danske Bank A S purchased a new position in shares of Saia in the second quarter worth about $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in Saia during the 2nd quarter valued at about $27,000. Quarry LP grew its position in Saia by 8,400.0% during the 4th quarter. Quarry LP now owns 85 shares of the transportation company's stock worth $28,000 after acquiring an additional 84 shares during the last quarter. Meeder Asset Management Inc. grew its position in Saia by 360.0% during the 2nd quarter. Meeder Asset Management Inc. now owns 69 shares of the transportation company's stock worth $29,000 after acquiring an additional 54 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Saia during the 4th quarter worth approximately $36,000.

Analyst Ratings Changes

SAIA has been the subject of a number of recent analyst reports. Stephens lowered their price target on Saia from $520.00 to $490.00 and set an "overweight" rating for the company in a research report on Friday, July 31st. Wall Street Zen upgraded Saia from a "sell" rating to a "hold" rating in a research report on Monday, May 4th. Raymond James Financial reduced their target price on Saia from $477.00 to $475.00 and set an "outperform" rating on the stock in a research note on Monday, July 13th. Susquehanna raised their price target on Saia from $465.00 to $470.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 14th. Finally, Wells Fargo & Company cut their price target on shares of Saia from $490.00 to $400.00 and set an "equal weight" rating on the stock in a report on Friday, July 31st. Thirteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $449.67.

Saia Trading Down 0.2%

NASDAQ:SAIA opened at $352.25 on Friday. Saia, Inc. has a one year low of $249.32 and a one year high of $494.71. The business has a fifty day moving average price of $396.18 and a 200-day moving average price of $405.81. The firm has a market capitalization of $9.39 billion, a price-to-earnings ratio of 34.00, a price-to-earnings-growth ratio of 1.59 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.

Saia (NASDAQ:SAIA - Get Free Report) last released its earnings results on Thursday, July 30th. The transportation company reported $3.51 EPS for the quarter, topping 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 firm had revenue of $956.49 million for the quarter, compared to the consensus estimate of $956.20 million. During the same quarter in the previous year, the firm earned $2.67 earnings per share. The company's quarterly revenue was up 17.1% compared to the same quarter last year. Sell-side analysts forecast that Saia, Inc. will post 11.44 EPS for the current 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source