Lincoln Capital Corp Acquires 4,347 Shares of Saia, Inc. $SAIA

Lincoln Capital Corp lifted its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 103.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 8,547 shares of the transportation company’s stock after purchasing an additional 4,347 shares during the period. Lincoln Capital Corp’s holdings in Saia were worth $3,002,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the business. Viking Global Investors LP acquired a new stake in Saia in the second quarter valued at $226,770,000. Invesco Ltd. raised its position in Saia by 1,300.4% during the 3rd quarter. Invesco Ltd. now owns 701,418 shares of the transportation company’s stock worth $209,976,000 after purchasing an additional 651,332 shares during the last quarter. Alliancebernstein L.P. raised its position in Saia by 35.4% during the 3rd quarter. Alliancebernstein L.P. now owns 2,273,396 shares of the transportation company’s stock worth $680,564,000 after purchasing an additional 594,674 shares during the last quarter. Norges Bank acquired a new position in Saia during the 4th quarter worth about $130,411,000. Finally, First Trust Advisors LP lifted its holdings in Saia by 141.3% during the 3rd quarter. First Trust Advisors LP now owns 557,129 shares of the transportation company’s stock worth $166,782,000 after buying an additional 326,206 shares during the period.

Analyst Upgrades and Downgrades

SAIA has been the subject of several recent research reports. Bank of America increased their price target on Saia from $413.00 to $429.00 and gave the company a “neutral” rating in a research note on Tuesday, March 3rd. BMO Capital Markets lifted their price objective on Saia from $450.00 to $470.00 and gave the stock a “market perform” rating in a research note on Thursday, June 4th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $441.00 price objective on shares of Saia in a research note on Thursday, April 30th. Wells Fargo & Company increased their target price 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, Susquehanna increased their target price on shares of Saia from $425.00 to $465.00 and gave the company a “neutral” rating in a research report on Tuesday, June 2nd. Nine research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $454.00.

Saia Stock Performance

Shares of SAIA opened at $435.12 on Monday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.04. The firm’s fifty day simple moving average is $448.56 and its two-hundred day simple moving average is $388.97. Saia, Inc. has a 12 month low of $249.32 and a 12 month high of $494.71. The stock has a market capitalization of $11.60 billion, a P/E ratio of 45.71, a price-to-earnings-growth ratio of 2.07 and a beta of 2.10.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.86 earnings per share for the quarter, topping the consensus estimate of $1.82 by $0.04. The firm had revenue of $806.23 million during the quarter, compared to analyst estimates of $789.08 million. Saia had a return on equity of 9.60% and a net margin of 7.84%.The business’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the company posted $1.86 EPS. As a group, analysts predict 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.