Montag A & Associates Inc. Purchases Shares of 4,283 Saia, Inc. $SAIA

Montag A & Associates Inc. acquired a new position in shares of Saia, Inc. (NASDAQ:SAIA) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 4,283 shares of the transportation company’s stock, valued at approximately $1,505,000.

Several other large investors also recently made changes to their positions in the business. Viking Global Investors LP acquired a new stake in Saia in the 2nd quarter valued at $226,770,000. Invesco Ltd. lifted its stake in shares of Saia by 1,300.4% during the third quarter. Invesco Ltd. now owns 701,418 shares of the transportation company’s stock worth $209,976,000 after purchasing an additional 651,332 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of Saia by 35.4% during the third quarter. Alliancebernstein L.P. now owns 2,273,396 shares of the transportation company’s stock worth $680,564,000 after purchasing an additional 594,674 shares in the last quarter. Norges Bank purchased a new stake in shares of Saia in the fourth quarter worth about $130,411,000. Finally, Freestone Grove Partners LP purchased a new stake in shares of Saia in the third quarter worth about $56,305,000.

Saia Stock Down 0.3%

Shares of NASDAQ:SAIA opened at $414.65 on Thursday. The firm has a market cap of $11.06 billion, a PE ratio of 43.56, a price-to-earnings-growth ratio of 1.96 and a beta of 2.13. The company has a fifty day simple moving average of $448.57 and a 200 day simple moving average of $397.22. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.04. Saia, Inc. has a 12-month low of $249.32 and a 12-month high of $494.71.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.04. The firm had revenue of $806.23 million for the quarter, compared to the consensus estimate of $789.08 million. Saia had a net margin of 7.84% and a return on equity of 9.60%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.86 EPS. On average, equities research analysts anticipate that Saia, Inc. will post 11.53 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on SAIA shares. Stifel Nicolaus set a $450.00 target price on Saia in a research note on Friday, May 1st. Jefferies Financial Group upped their price target on Saia from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Morgan Stanley increased their price objective on shares of Saia from $265.00 to $295.00 and gave the company an “underweight” rating in a research report on Monday. Wolfe Research upgraded shares of Saia from a “peer perform” rating to an “outperform” rating in a research note on Tuesday, April 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Saia from $465.00 to $490.00 and gave the stock an “overweight” rating in a research report on Monday, June 8th. Ten analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Saia has a consensus rating of “Hold” and a consensus price target of $460.50.

Saia Company 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.