Saia, Inc. $SAIA Stock Holdings Increased by Tectonic Advisors LLC

Key Points

• Tectonic Advisors increased its Saia holdings by 118.7% in the third quarter, bringing its position to 7,243 shares valued at approximately $2.42 million.
• Several major institutions also established or expanded positions in Saia, including Jupiter Topco, William Blair, BlackRock, Bank of America and Freestone Grove Partners.
• Saia reported quarterly EPS of $3.51, beating estimates, while revenue rose 17.1% year over year. Despite the stock trading at $332.14, analysts maintain a “Moderate Buy” consensus with a $437.58 average price target.

Tectonic Advisors LLC grew its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 118.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,243 shares of the transportation company's stock after acquiring an additional 3,931 shares during the period. Tectonic Advisors LLC's holdings in Saia were worth $2,417,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SAIA. Jupiter Topco LLC acquired a new position in shares of Saia during the 2nd quarter valued at about $140,979,000. William Blair Investment Management LLC acquired a new stake in Saia in the 2nd quarter worth approximately $109,089,000. BlackRock Inc. boosted its position in Saia by 6.6% during the second quarter. BlackRock Inc. now owns 2,545,731 shares of the transportation company's stock worth $1,072,160,000 after purchasing an additional 156,628 shares during the period. Bank of America Corp DE acquired a new position in Saia during the second quarter valued at approximately $63,757,000. Finally, Freestone Grove Partners LP bought a new position in shares of Saia in the second quarter valued at approximately $58,200,000.

Saia Stock Performance

Saia stock traded down $12.36 during mid-day trading on Friday, reaching $332.14. The company had a trading volume of 336,821 shares, compared to its average volume of 324,609. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.04. The firm has a market cap of $8.86 billion, a price-to-earnings ratio of 32.06, a PEG ratio of 2.78 and a beta of 2.19. The company has a 50 day moving average of $345.05 and a 200-day moving average of $398.98. Saia, Inc. has a 52 week low of $249.32 and a 52 week high of $494.71.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The transportation company reported $3.51 earnings per share (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 company 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 posted $2.67 EPS. The business's revenue was up 17.1% compared to the same quarter last year. On average, sell-side analysts expect that Saia, Inc. will post 11.43 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SAIA has been the subject of a number of analyst reports. TD Cowen reduced their price objective on shares of Saia from $445.00 to $400.00 and set a "hold" rating for the company in a research note on Friday, July 31st. Stephens cut their target price on shares of Saia from $520.00 to $490.00 and set an "overweight" rating for the company in a research report on Friday, July 31st. Weiss Ratings restated a "hold (c)" rating on shares of Saia in a report on Monday, August 3rd. Sanford C. Bernstein assumed coverage on Saia in a research report on Thursday, September 10th. They set an "outperform" rating and a $439.00 price objective for the company. Finally, Evercore raised Saia from an "in-line" rating to an "outperform" rating in a report on Wednesday, July 1st. Fourteen research 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. Based on data from MarketBeat.com, Saia currently has an average rating of "Moderate Buy" and a consensus price target of $437.58.

Saia Company Profile

Saia, Inc is a transportation and logistics company headquartered in Johns Creek, Georgia. Through its primary subsidiary, Saia LTL Freight, the company provides less-than-truckload transportation, moving palletized and other freight shipments that do not require a full trailer. Its services include standard and time-definite delivery, expedited transportation, guaranteed services, and shipment tracking.

Saia also provides non-asset-based logistics services through Saia Logistics Services, which helps customers arrange freight transportation using third-party carriers.

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