Havemeyer Place LP Acquires New Position in Saia, Inc. $SAIA

Havemeyer Place LP acquired a new stake in shares of Saia, Inc. (NASDAQ:SAIA) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 2,680 shares of the transportation company’s stock, valued at approximately $875,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. State of Wyoming purchased a new position in Saia during the 3rd quarter valued at about $30,000. Torren Management LLC purchased a new position in Saia during the 4th quarter valued at about $40,000. Allworth Financial LP increased its position in Saia by 69.0% during the 3rd quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 58 shares during the period. Larson Financial Group LLC increased its position in Saia by 1,612.5% during the 4th 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 during the period. Finally, Farther Finance Advisors LLC increased its position in Saia by 46.9% during the 4th quarter. Farther Finance Advisors LLC now owns 144 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 46 shares during the period.

Saia Stock Up 3.0%

Shares of Saia stock opened at $480.68 on Tuesday. The firm’s 50 day moving average price is $430.42 and its 200-day moving average price is $377.14. 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 52-week low of $249.00 and a 52-week high of $489.43. The company has a market cap of $12.82 billion, a P/E ratio of 50.49, a PEG ratio of 2.23 and a beta of 2.10.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.04. Saia had a net margin of 7.84% and a return on equity of 9.60%. The firm had revenue of $806.23 million for the quarter, compared to the consensus estimate of $789.08 million. During the same quarter in the previous year, the firm earned $1.86 EPS. The company’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, sell-side analysts predict that Saia, Inc. will post 11.39 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on SAIA shares. Raymond James Financial reissued an “outperform” rating and set a $477.00 target price on shares of Saia in a research 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 research report on Friday, May 1st. The Goldman Sachs Group reissued a “buy” rating and set a $441.00 target price on shares of Saia in a research report on Thursday, April 30th. Wolfe Research raised shares of Saia from a “peer perform” rating to an “outperform” rating in a research report on Tuesday, April 7th. Finally, Weiss Ratings raised shares of Saia from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Ten research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $453.56.

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.