Pier Capital LLC Cuts Stock Holdings in Saia, Inc. $SAIA

Pier Capital LLC reduced its stake in Saia, Inc. (NASDAQ:SAIA) by 33.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,098 shares of the transportation company’s stock after selling 9,666 shares during the period. Pier Capital LLC owned approximately 0.07% of Saia worth $8,043,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Caitong International Asset Management Co. Ltd bought a new position in shares of Saia during the 2nd quarter valued at about $27,000. Quarry LP increased its holdings in shares of Saia by 8,400.0% in the fourth quarter. Quarry LP now owns 85 shares of the transportation company’s stock worth $28,000 after purchasing an additional 84 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Saia in the fourth quarter worth about $36,000. Torren Management LLC purchased a new stake in shares of Saia in the fourth quarter worth about $40,000. Finally, Larson Financial Group LLC boosted its stake in Saia by 1,612.5% during the fourth quarter. Larson Financial Group LLC now owns 137 shares of the transportation company’s stock valued at $45,000 after buying an additional 129 shares during the last quarter.

Wall Street Analysts Forecast Growth

SAIA has been the subject of several research analyst reports. Susquehanna raised their price target on Saia from $465.00 to $470.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. Benchmark reaffirmed a “buy” rating on shares of Saia in a report on Wednesday, June 3rd. The Goldman Sachs Group reiterated a “buy” rating and set a $476.00 target price on shares of Saia in a research report on Thursday, July 30th. Bank of America raised shares of Saia from a “neutral” rating to a “buy” rating and raised their target price for the company from $499.00 to $502.00 in a report on Monday, July 13th. Finally, Wall Street Zen raised shares of Saia from a “sell” rating to a “hold” rating in a research note on Monday, May 4th. Thirteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $449.67.

Saia Trading Up 1.1%

Shares of NASDAQ SAIA opened at $384.32 on Friday. The business’s 50 day moving average is $416.93 and its two-hundred day moving average is $406.56. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.58 and a quick ratio of 1.58. Saia, Inc. has a 1-year low of $249.32 and a 1-year high of $494.71. The stock has a market capitalization of $10.25 billion, a P/E ratio of 37.10, a PEG ratio of 1.73 and a beta of 2.14.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Thursday, July 30th. The transportation company reported $3.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.38 by $0.13. The business had revenue of $956.49 million for 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%.The company’s quarterly revenue was up 17.1% compared to the same quarter last year. During the same period in the prior year, the business posted $2.67 earnings per share. As a group, research analysts expect that Saia, Inc. will post 11.44 EPS for the current 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.