New Age Alpha Advisors LLC Makes New $1.88 Million Investment in Saia, Inc. (NASDAQ:SAIA)

Key Points

• New Age Alpha Advisors LLC invested approximately $1.88 million in Saia, Inc. by acquiring 5,386 shares during the first quarter.
• Several analysts have updated their ratings on Saia, with Wells Fargo increasing the price target from $290 to $365, while BMO downgraded it from $455 to $285.
• Saia recently reported earnings of $2.67 EPS, surpassing estimates, despite a slight revenue decline year-over-year.

New Age Alpha Advisors LLC acquired a new stake in Saia, Inc. (NASDAQ:SAIA - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 5,386 shares of the transportation company's stock, valued at approximately $1,882,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SAIA. Westfield Capital Management Co. LP grew its position in Saia by 9.9% in the first quarter. Westfield Capital Management Co. LP now owns 373,503 shares of the transportation company's stock valued at $130,513,000 after purchasing an additional 33,719 shares in the last quarter. Blueshift Asset Management LLC bought a new position in shares of Saia in the 1st quarter valued at about $483,000. Picton Mahoney Asset Management acquired a new stake in shares of Saia in the first quarter valued at about $135,000. Norden Group LLC raised its holdings in Saia by 5.0% during the first quarter. Norden Group LLC now owns 2,143 shares of the transportation company's stock worth $749,000 after acquiring an additional 103 shares in the last quarter. Finally, LPL Financial LLC boosted its position in Saia by 21.4% during the first quarter. LPL Financial LLC now owns 30,807 shares of the transportation company's stock valued at $10,765,000 after purchasing an additional 5,426 shares during the last quarter.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wells Fargo & Company boosted their price target on Saia from $290.00 to $365.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. BMO Capital Markets downgraded shares of Saia from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $455.00 to $285.00 in a report on Friday, April 25th. Wolfe Research upgraded shares of Saia from a "hold" rating to a "strong-buy" rating in a research note on Sunday, June 8th. Morgan Stanley set a $250.00 price objective on shares of Saia in a research report on Friday, April 25th. Finally, Wall Street Zen raised shares of Saia to a "sell" rating in a report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $347.16.

Saia Trading Down 1.5%

SAIA stock opened at $294.72 on Thursday. Saia, Inc. has a 52 week low of $229.12 and a 52 week high of $624.55. The company has a market capitalization of $7.85 billion, a PE ratio of 27.21, a price-to-earnings-growth ratio of 13.79 and a beta of 1.99. The company's 50-day simple moving average is $283.29 and its 200 day simple moving average is $339.64. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.49 and a current ratio of 1.49.

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