Quantinno Capital Management LP Increases Holdings in Saia, Inc. $SAIA

Key Points

• Quantinno Capital Management increased its Saia holdings by 58.5% in the first quarter, adding 3,436 shares for a total position of 9,310 shares valued at approximately $3.27 million.
• Analyst sentiment remains positive, with Saia receiving a consensus “Moderate Buy” rating and an average price target of $449.67, despite some analysts lowering their targets.
• Saia reported quarterly EPS of $3.51, exceeding estimates of $3.38, while revenue rose 17.1% year over year to $956.49 million.

Quantinno Capital Management LP lifted its holdings in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 58.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,310 shares of the transportation company's stock after purchasing an additional 3,436 shares during the period. Quantinno Capital Management LP's holdings in Saia were worth $3,271,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SAIA. Vestor Capital LLC grew its position in Saia by 9.5% during the fourth quarter. Vestor Capital LLC now owns 323 shares of the transportation company's stock valued at $96,000 after buying an additional 28 shares during the period. Parallel Advisors LLC boosted its stake in Saia by 5.8% in the fourth quarter. Parallel Advisors LLC now owns 563 shares of the transportation company's stock valued at $184,000 after acquiring an additional 31 shares during the last quarter. Wealth Alliance LLC boosted its stake in Saia by 5.1% in the first quarter. Wealth Alliance LLC now owns 763 shares of the transportation company's stock valued at $268,000 after acquiring an additional 37 shares during the last quarter. Boothbay Fund Management LLC grew its position in shares of Saia by 3.2% during the 2nd quarter. Boothbay Fund Management LLC now owns 1,401 shares of the transportation company's stock valued at $384,000 after acquiring an additional 43 shares during the period. Finally, Vident Advisory LLC grew its position in shares of Saia by 4.4% during the 2nd quarter. Vident Advisory LLC now owns 1,075 shares of the transportation company's stock valued at $295,000 after acquiring an additional 45 shares during the period.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on SAIA shares. Barclays decreased their price target on shares of Saia from $500.00 to $475.00 and set an "overweight" rating for the company in a research note on Friday, July 31st. Bank of America raised Saia from a "neutral" rating to a "buy" rating and increased their price objective for the company from $499.00 to $502.00 in a report on Monday, July 13th. The Goldman Sachs Group reissued a "buy" rating and issued a $476.00 target price on shares of Saia in a research report on Thursday, July 30th. Morgan Stanley lowered their target price on Saia from $295.00 to $285.00 and set an "underweight" rating on the stock in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. upped their price target on Saia from $490.00 to $498.00 and gave the company an "overweight" rating in a research report on Friday, July 31st. Thirteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, Saia presently has a consensus rating of "Moderate Buy" and a consensus target price of $449.67.

Saia Stock Up 0.7%

SAIA opened at $364.21 on Friday. The company has a 50 day moving average of $427.20 and a 200 day moving average of $406.00. The company has a market cap of $9.71 billion, a PE ratio of 35.16, a price-to-earnings-growth ratio of 1.64 and a beta of 2.14. Saia, Inc. has a 12 month low of $249.32 and a 12 month high of $494.71. 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 (NASDAQ:SAIA - Get Free Report) last issued its earnings results on Thursday, July 30th. The transportation company reported $3.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.38 by $0.13. The business had revenue of $956.49 million for the quarter, compared to analysts' expectations of $956.20 million. Saia had a net margin of 8.19% and a return on equity of 10.21%. The business's revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.67 EPS. On average, sell-side analysts expect that Saia, Inc. will post 11.46 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.

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