MQS Management LLC Acquires New Position in Saia, Inc. (NASDAQ:SAIA)

MQS Management LLC acquired a new position in shares of Saia, Inc. (NASDAQ:SAIA) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 440 shares of the transportation company’s stock, valued at approximately $257,000.

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC raised its stake in shares of Saia by 26,722.4% in the 4th quarter. International Assets Investment Management LLC now owns 31,114 shares of the transportation company’s stock valued at $13,635,000 after acquiring an additional 30,998 shares during the period. Evoke Wealth LLC acquired a new position in Saia during the fourth quarter worth $5,802,000. Sequoia Financial Advisors LLC boosted its position in shares of Saia by 8.5% during the first quarter. Sequoia Financial Advisors LLC now owns 546 shares of the transportation company’s stock worth $319,000 after buying an additional 43 shares during the period. Franklin Resources Inc. grew its stake in shares of Saia by 11.5% in the fourth quarter. Franklin Resources Inc. now owns 22,100 shares of the transportation company’s stock valued at $9,685,000 after buying an additional 2,272 shares in the last quarter. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of Saia in the 4th quarter valued at $3,287,000.

Saia Price Performance

NASDAQ:SAIA traded down $66.53 during trading hours on Friday, hitting $422.58. The company’s stock had a trading volume of 632,989 shares, compared to its average volume of 380,379. Saia, Inc. has a 52-week low of $341.26 and a 52-week high of $628.34. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.23 and a current ratio of 1.23. The business’s 50-day moving average is $445.79 and its two-hundred day moving average is $492.96. The company has a market capitalization of $11.24 billion, a PE ratio of 30.58, a PEG ratio of 1.72 and a beta of 1.72.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.05). The company had revenue of $754.80 million during the quarter, compared to analysts’ expectations of $772.36 million. Saia had a net margin of 12.42% and a return on equity of 19.53%. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.85 EPS. As a group, research analysts anticipate that Saia, Inc. will post 15.32 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on SAIA shares. The Goldman Sachs Group lifted their target price on Saia from $504.00 to $567.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. UBS Group dropped their price objective on Saia from $618.00 to $541.00 and set a “buy” rating on the stock in a report on Monday, April 29th. TD Cowen boosted their target price on Saia from $473.00 to $475.00 and gave the stock a “hold” rating in a research note on Thursday, June 6th. Bank of America upped their price target on Saia from $501.00 to $555.00 and gave the company a “buy” rating in a report on Monday. Finally, BMO Capital Markets increased their target price on shares of Saia from $490.00 to $500.00 and gave the company a “market perform” rating in a research report on Thursday, June 13th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $502.18.

Insider Buying and Selling at Saia

In other news, Director John P. Gainor, Jr. acquired 500 shares of Saia stock in a transaction that occurred on Thursday, May 2nd. The stock was purchased at an average cost of $407.00 per share, with a total value of $203,500.00. Following the completion of the acquisition, the director now owns 900 shares in the company, valued at approximately $366,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.30% of the stock is currently owned by corporate insiders.

Saia Profile

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.