Saia, Inc. $SAIA Stock: Tectonic Advisors LLC Boosts Holdings

Tectonic Advisors LLC raised its holdings in Saia, Inc. (NASDAQ:SAIA) by 118.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,243 shares of the transportation company’s stock after buying an additional 3,931 shares during the quarter. Tectonic Advisors LLC’s holdings in Saia were worth $2,417,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Saia by 6.6% during the 2nd quarter. BlackRock Inc. now owns 2,545,731 shares of the transportation company’s stock worth $1,072,160,000 after acquiring an additional 156,628 shares during the period. State Street Corp increased its stake in Saia by 3.4% in the second quarter. State Street Corp now owns 854,398 shares of the transportation company’s stock valued at $359,862,000 after acquiring an additional 28,397 shares during the period. First Trust Advisors LP increased its stake in Saia by 8.6% in the first quarter. First Trust Advisors LP now owns 804,284 shares of the transportation company’s stock valued at $282,529,000 after acquiring an additional 63,486 shares during the period. Jupiter Topco LLC bought a new stake in Saia in the second quarter valued at about $140,979,000. Finally, William Blair Investment Management LLC acquired a new position in Saia in the second quarter worth about $109,089,000.

Analyst Ratings Changes

A number of research analysts have commented on the stock. Stifel Nicolaus cut their price target on shares of Saia from $438.00 to $423.00 and set a “buy” rating for the company in a research note on Thursday, October 8th. Barclays lowered their price objective on Saia from $500.00 to $475.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. Sanford C. Bernstein started coverage on Saia in a report on Thursday, September 10th. They issued an “outperform” rating and a $439.00 target price for the company. UBS Group cut their target price on Saia from $527.00 to $504.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Finally, Stephens lowered their price target on Saia from $520.00 to $490.00 and set an “overweight” rating on the stock in a research report on Friday, July 31st. Fourteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $437.58.

Saia Price Performance

NASDAQ SAIA traded down $12.36 during trading hours on Friday, reaching $332.14. 336,821 shares of the company’s stock were exchanged, compared to its average volume of 324,609. The firm has a fifty day moving average of $345.05 and a 200-day moving average of $398.98. Saia, Inc. has a one year low of $249.32 and a one year high of $494.71. The stock has a market cap of $8.86 billion, a PE ratio of 32.06, a price-to-earnings-growth ratio of 2.78 and a beta of 2.19. 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 issued its quarterly earnings data on Thursday, July 30th. The transportation company reported $3.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.13. The firm had revenue of $956.49 million during the quarter, compared to the consensus estimate of $956.20 million. Saia had a return on equity of 10.21% and a net margin of 8.19%. The business’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.67 EPS. On average, equities research analysts predict that Saia, Inc. will post 11.43 earnings per share for the current fiscal year.

Saia Profile

Saia, Inc is a transportation and logistics company headquartered in Johns Creek, Georgia. Through its primary subsidiary, Saia LTL Freight, the company provides less-than-truckload transportation, moving palletized and other freight shipments that do not require a full trailer. Its services include standard and time-definite delivery, expedited transportation, guaranteed services, and shipment tracking.

Saia also provides non-asset-based logistics services through Saia Logistics Services, which helps customers arrange freight transportation using third-party carriers.