NewEdge Advisors LLC Has $615,000 Position in Saia, Inc. $SAIA

NewEdge Advisors LLC increased its position in shares of Saia, Inc. (NASDAQ:SAIA) by 3,706.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,751 shares of the transportation company’s stock after buying an additional 1,705 shares during the period. NewEdge Advisors LLC’s holdings in Saia were worth $615,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Quarry LP boosted its holdings in Saia by 8,400.0% in the 4th 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 acquired a new position in Saia in the fourth quarter worth about $36,000. Torren Management LLC bought a new position in Saia during the fourth quarter worth about $40,000. Larson Financial Group LLC lifted 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 worth $45,000 after purchasing an additional 129 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in Saia by 46.9% during the fourth quarter. Farther Finance Advisors LLC now owns 144 shares of the transportation company’s stock valued at $47,000 after purchasing an additional 46 shares in the last quarter.

Saia Stock Performance

Shares of NASDAQ:SAIA opened at $359.63 on Friday. The business has a fifty day moving average of $408.17 and a 200-day moving average of $407.66. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.58 and a current ratio of 1.58. Saia, Inc. has a twelve month low of $249.32 and a twelve month high of $494.71. The firm has a market cap of $9.59 billion, a PE ratio of 34.71, a price-to-earnings-growth ratio of 1.62 and a beta of 2.14.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Thursday, July 30th. The transportation company reported $3.51 earnings per share (EPS) for the quarter, topping the consensus estimate 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 net margin of 8.19% and a return on equity of 10.21%. The firm’s quarterly revenue was up 17.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.67 EPS. On average, equities research analysts predict that Saia, Inc. will post 11.44 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on SAIA. JPMorgan Chase & Co. raised their target price on Saia from $490.00 to $498.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Wells Fargo & Company cut their price objective on Saia from $490.00 to $400.00 and set an “equal weight” rating for the company in a report on Friday, July 31st. Bank of America raised shares of Saia from a “neutral” rating to a “buy” rating and upped their target price for the stock from $499.00 to $502.00 in a report on Monday, July 13th. Citigroup dropped their target price on shares of Saia from $488.00 to $423.00 and set a “buy” rating for the company in a research report on Tuesday, August 4th. Finally, Evercore raised shares of Saia from an “in-line” rating to an “outperform” rating in a report on Wednesday, July 1st. Thirteen analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $449.67.

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.