First Trust Advisors LP Buys 63,486 Shares of Saia, Inc. $SAIA

First Trust Advisors LP lifted its stake in Saia, Inc. (NASDAQ:SAIA) by 8.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 804,284 shares of the transportation company’s stock after acquiring an additional 63,486 shares during the quarter. First Trust Advisors LP’s holdings in Saia were worth $282,529,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Quarry LP boosted its position in Saia by 8,400.0% during 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 last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Saia during the 4th quarter worth approximately $36,000. Torren Management LLC acquired a new position in shares of Saia during the 4th quarter worth approximately $40,000. Allworth Financial LP raised its stake in shares of Saia by 69.0% during the 3rd quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock worth $43,000 after purchasing an additional 58 shares in the last quarter. Finally, Larson Financial Group LLC boosted its holdings in shares of Saia by 1,612.5% in the 4th 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.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Wolfe Research raised shares of Saia from a “peer perform” rating to an “outperform” rating in a research note on Tuesday, April 7th. Weiss Ratings raised shares of Saia from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Bank of America upgraded shares of Saia from a “neutral” rating to a “buy” rating and increased their price target for the company from $499.00 to $502.00 in a research note on Monday, July 13th. Stephens upgraded shares of Saia to a “strong-buy” rating in a research note on Wednesday, July 8th. Finally, TD Cowen boosted their price objective on shares of Saia from $367.00 to $445.00 and gave the stock a “hold” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $462.72.

Saia Stock Down 1.6%

SAIA stock opened at $426.29 on Thursday. Saia, Inc. has a 1-year low of $249.32 and a 1-year high of $494.71. The business’s 50 day simple moving average is $446.35 and its 200 day simple moving average is $404.26. 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 has a market capitalization of $11.37 billion, a PE ratio of 44.78, a PEG ratio of 2.03 and a beta of 2.13.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.04. Saia had a return on equity of 9.60% and a net margin of 7.84%.The business had revenue of $806.23 million during the quarter, compared to the consensus estimate of $789.08 million. During the same quarter last year, the firm posted $1.86 EPS. The company’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, research analysts anticipate that Saia, Inc. will post 11.46 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.