Interval Partners LP Buys New Shares in Saia, Inc. $SAIA

Interval Partners LP bought a new stake in Saia, Inc. (NASDAQ:SAIA) in the fourth quarter, HoldingsChannel reports. The fund bought 124,699 shares of the transportation company’s stock, valued at approximately $40,717,000. Saia accounts for 0.7% of Interval Partners LP’s portfolio, making the stock its 29th biggest position.

Other institutional investors have also recently bought and sold shares of the company. Quarry LP grew its holdings in Saia by 8,400.0% in the fourth quarter. Quarry LP now owns 85 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 84 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Saia in the fourth quarter valued at approximately $36,000. Torren Management LLC purchased a new stake in Saia in the fourth quarter valued at approximately $40,000. Allworth Financial LP grew its holdings in Saia by 69.0% in the third 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. Finally, Larson Financial Group LLC grew its holdings in Saia by 1,612.5% in the fourth 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.

Analyst Ratings Changes

A number of research firms recently issued reports on SAIA. Jefferies Financial Group boosted their target price on shares of Saia from $500.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Bank of America boosted their target price on shares of Saia from $413.00 to $429.00 and gave the company a “neutral” rating in a report on Tuesday, March 3rd. Raymond James Financial restated an “outperform” rating and issued a $477.00 target price on shares of Saia in a report on Friday, May 1st. Wells Fargo & Company lifted their price target on shares of Saia from $445.00 to $490.00 and gave the company an “equal weight” rating in a research report on Friday, June 5th. Finally, Barclays lifted their price target 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. Nine research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $454.00.

Saia Trading Down 6.8%

Shares of SAIA stock opened at $425.86 on Thursday. The stock has a market cap of $11.36 billion, a price-to-earnings ratio of 44.73, a price-to-earnings-growth ratio of 2.18 and a beta of 2.10. 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 fifty-two week low of $249.32 and a fifty-two week high of $494.71. The firm’s 50 day moving average price is $446.68 and its two-hundred day moving average price is $386.89.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share 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 analysts’ expectations of $789.08 million. Saia had a net margin of 7.84% and a return on equity of 9.60%. Saia’s revenue was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.86 earnings per share. On average, analysts anticipate that Saia, Inc. will post 11.4 EPS for the current year.

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.