Northwestern Mutual Wealth Management Co. Acquires 176,879 Shares of Saia, Inc. $SAIA

Northwestern Mutual Wealth Management Co. increased its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 42,417.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 177,296 shares of the transportation company’s stock after acquiring an additional 176,879 shares during the quarter. Northwestern Mutual Wealth Management Co. owned about 0.67% of Saia worth $57,891,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Parallel Advisors LLC increased its position in Saia by 7.3% during the third quarter. Parallel Advisors LLC now owns 532 shares of the transportation company’s stock worth $159,000 after acquiring an additional 36 shares during the period. GHP Investment Advisors Inc. increased its position in Saia by 0.5% during the third quarter. GHP Investment Advisors Inc. now owns 8,182 shares of the transportation company’s stock worth $2,449,000 after acquiring an additional 38 shares during the period. Boothbay Fund Management LLC increased its position in Saia by 3.2% during the second quarter. Boothbay Fund Management LLC now owns 1,401 shares of the transportation company’s stock worth $384,000 after acquiring an additional 43 shares during the period. Vident Advisory LLC increased its position in Saia by 4.4% during the second quarter. Vident Advisory LLC now owns 1,075 shares of the transportation company’s stock worth $295,000 after acquiring an additional 45 shares during the period. Finally, Park Avenue Securities LLC increased its position in Saia by 2.0% during the fourth quarter. Park Avenue Securities LLC now owns 2,369 shares of the transportation company’s stock worth $774,000 after acquiring an additional 46 shares during the period.

Analyst Upgrades and Downgrades

SAIA has been the topic of a number of recent research reports. Stifel Nicolaus set a $450.00 price target on shares of Saia in a research report on Friday, May 1st. Susquehanna lowered shares of Saia from a “positive” rating to a “neutral” rating and raised their target price for the company from $390.00 to $425.00 in a report on Wednesday, February 11th. JPMorgan Chase & Co. raised their target price on shares of Saia from $402.00 to $465.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Barclays raised their target price on shares of Saia from $400.00 to $500.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Finally, TD Cowen raised their target price on shares of Saia from $367.00 to $445.00 and gave the company a “hold” rating in a report on Friday, May 1st. Ten investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Saia currently has a consensus rating of “Hold” and an average target price of $444.94.

Saia Price Performance

SAIA stock opened at $460.38 on Monday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. Saia, Inc. has a 12 month low of $248.37 and a 12 month high of $463.12. The firm has a market cap of $12.28 billion, a P/E ratio of 48.36, a P/E/G ratio of 2.20 and a beta of 2.12. The company’s 50-day moving average price is $389.52 and its two-hundred day moving average price is $355.96.

Saia (NASDAQ:SAIA) last released its earnings results on Thursday, April 30th. The transportation company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.82 by $0.04. The firm had revenue of $806.23 million for the quarter, compared to analyst estimates of $789.08 million. Saia had a net margin of 7.84% and a return on equity of 9.60%. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period last year, the firm earned $1.86 EPS. On average, analysts anticipate that Saia, Inc. will post 11.36 earnings per share for the current fiscal year.

About Saia

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.