Janney Montgomery Scott LLC Has $4.67 Million Stock Holdings in Saia, Inc. $SAIA

Janney Montgomery Scott LLC trimmed its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 26.1% in the second quarter, Holdings Channel.com reports. The firm owned 11,098 shares of the transportation company’s stock after selling 3,925 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Saia were worth $4,674,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

SAIA has been the topic of several research reports. Citigroup cut their price objective on shares of Saia from $488.00 to $423.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Wells Fargo & Company lowered their target price on Saia from $490.00 to $400.00 and set an “equal weight” rating for the company in a report on Friday, July 31st. UBS Group dropped their price target on Saia from $527.00 to $504.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. Susquehanna boosted 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. Finally, Stifel Nicolaus raised Saia from a “hold” rating to a “buy” rating and set a $438.00 price objective for the company in a research report on Friday, July 31st. Thirteen research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Saia has a consensus rating of “Moderate Buy” and an average price target of $449.67.

Saia Stock Performance

Shares of SAIA opened at $384.32 on Friday. Saia, Inc. has a 12 month low of $249.32 and a 12 month high of $494.71. The firm has a fifty day simple moving average of $416.93 and a 200 day simple moving average of $406.56. The stock has a market capitalization of $10.25 billion, a price-to-earnings ratio of 37.10, a PEG ratio of 1.73 and a beta of 2.14. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.04.

Saia (NASDAQ:SAIA) last released its earnings results on Thursday, July 30th. The transportation company reported $3.51 earnings per share for the quarter, beating analysts’ consensus estimates of $3.38 by $0.13. Saia had a net margin of 8.19% and a return on equity of 10.21%. The business had revenue of $956.49 million during the quarter, compared to the consensus estimate of $956.20 million. During the same quarter last year, the firm earned $2.67 earnings per share. The firm’s revenue for the quarter was up 17.1% compared to the same quarter last year. Research analysts forecast that Saia, Inc. will post 11.44 EPS for the current fiscal year.

About Saia

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.