OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires New Shares in Saia, Inc. $SAIA

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Saia, Inc. (NASDAQ:SAIA) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 15,840 shares of the transportation company’s stock, valued at approximately $5,172,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.06% of Saia as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in SAIA. Quarry LP grew its position in shares of Saia by 8,400.0% in the fourth quarter. Quarry LP now owns 85 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 84 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Saia in the fourth quarter valued at $36,000. Torren Management LLC purchased a new position in shares of Saia in the fourth quarter valued at $40,000. Allworth Financial LP grew its position in shares of Saia by 69.0% in the third quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 58 shares in the last quarter. Finally, Larson Financial Group LLC grew its position in shares of Saia by 1,612.5% in the fourth quarter. Larson Financial Group LLC now owns 137 shares of the transportation company’s stock valued at $45,000 after purchasing an additional 129 shares in the last quarter.

Saia Price Performance

NASDAQ:SAIA opened at $474.19 on Tuesday. The firm has a market capitalization of $12.65 billion, a price-to-earnings ratio of 49.81, a P/E/G ratio of 2.30 and a beta of 2.10. Saia, Inc. has a 52-week low of $249.32 and a 52-week high of $494.71. The stock has a fifty day moving average of $443.55 and a 200 day moving average of $384.61. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.52 and a current ratio of 1.52.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.04. The company had revenue of $806.23 million during the quarter, compared to analyst estimates of $789.08 million. Saia had a return on equity of 9.60% and a net margin of 7.84%.The firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter last year, the company earned $1.86 earnings per share. On average, research analysts expect that Saia, Inc. will post 11.4 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on SAIA. Barclays lifted their price target on Saia from $400.00 to $500.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Bank of America lifted their price target on Saia from $413.00 to $429.00 and gave the company a “neutral” rating in a research report on Tuesday, March 3rd. Wells Fargo & Company lifted their price objective on Saia from $445.00 to $490.00 and gave the company an “equal weight” rating in a research note on Friday, June 5th. Wolfe Research raised Saia from a “peer perform” rating to an “outperform” rating in a research note on Tuesday, April 7th. Finally, JPMorgan Chase & Co. lifted their price objective on Saia from $465.00 to $490.00 and gave the company an “overweight” rating in a research note on Monday, June 8th. Nine investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $454.00.

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.