4,595 Shares in Saia, Inc. $SAIA Bought by Sanctuary Advisors LLC

Sanctuary Advisors LLC acquired a new stake in Saia, Inc. (NASDAQ:SAIA) during the second quarter, HoldingsChannel reports. The fund acquired 4,595 shares of the transportation company’s stock, valued at approximately $1,935,000.

A number of other large investors also recently bought and sold shares of the company. BlackRock Inc. lifted its stake in shares of Saia by 6.6% in the 2nd quarter. BlackRock Inc. now owns 2,545,731 shares of the transportation company’s stock worth $1,072,160,000 after acquiring an additional 156,628 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Saia by 2.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,798,841 shares of the transportation company’s stock valued at $587,358,000 after acquiring an additional 43,690 shares in the last quarter. Viking Global Investors LP increased its stake in shares of Saia by 67.2% during the third quarter. Viking Global Investors LP now owns 1,383,888 shares of the transportation company’s stock worth $414,281,000 after acquiring an additional 556,229 shares during the period. Invesco Ltd. raised its holdings in Saia by 31.7% during the fourth quarter. Invesco Ltd. now owns 923,912 shares of the transportation company’s stock worth $301,676,000 after purchasing an additional 222,494 shares in the last quarter. Finally, Wasatch Advisors LP raised its holdings in Saia by 25.3% during the second quarter. Wasatch Advisors LP now owns 825,687 shares of the transportation company’s stock worth $226,230,000 after purchasing an additional 166,486 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SAIA shares. Wall Street Zen raised Saia from a “sell” rating to a “hold” rating in a report on Monday, May 4th. Stephens decreased their price target on Saia from $520.00 to $490.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. Susquehanna upped their price objective on Saia from $465.00 to $470.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Bank of America upgraded Saia from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $499.00 to $502.00 in a research report on Monday, July 13th. Finally, Stifel Nicolaus upgraded shares of Saia from a “hold” rating to a “buy” rating and set a $438.00 target price on the stock in a research report on Friday, July 31st. Thirteen research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Saia has a consensus rating of “Moderate Buy” and an average target price of $449.67.

Saia Price Performance

Shares of NASDAQ:SAIA opened at $349.83 on Thursday. The firm has a market capitalization of $9.33 billion, a price-to-earnings ratio of 33.77, a price-to-earnings-growth ratio of 1.55 and a beta of 2.14. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.58 and a quick ratio of 1.58. The business’s 50 day simple moving average is $399.48 and its 200-day simple moving average is $406.62. Saia, Inc. has a 12 month low of $249.32 and a 12 month high of $494.71.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Thursday, July 30th. The transportation company reported $3.51 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.13. The firm had revenue of $956.49 million during the quarter, compared to the consensus estimate of $956.20 million. Saia had a return on equity of 10.21% and a net margin of 8.19%.Saia’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period last year, the business posted $2.67 EPS. As a group, equities analysts forecast that Saia, Inc. will post 11.44 earnings per share for the current fiscal 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.