Thrivent Financial for Lutherans Has $10.45 Million Holdings in Saia, Inc. $SAIA

Thrivent Financial for Lutherans raised its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 21.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,988 shares of the transportation company’s stock after purchasing an additional 5,664 shares during the period. Thrivent Financial for Lutherans’ holdings in Saia were worth $10,445,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Alliancebernstein L.P. lifted 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 valued at $680,564,000 after purchasing an additional 594,674 shares during the period. Capital International Investors lifted its position in Saia by 0.8% during the 3rd quarter. Capital International Investors now owns 1,419,062 shares of the transportation company’s stock valued at $424,794,000 after purchasing an additional 11,454 shares during the period. Viking Global Investors LP lifted its position in Saia by 67.2% during the 3rd quarter. Viking Global Investors LP now owns 1,383,888 shares of the transportation company’s stock valued at $414,281,000 after purchasing an additional 556,229 shares during the period. Wasatch Advisors LP lifted its position in Saia by 25.3% during the 2nd quarter. Wasatch Advisors LP now owns 825,687 shares of the transportation company’s stock valued at $226,230,000 after purchasing an additional 166,486 shares during the period. Finally, Invesco Ltd. lifted 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 valued at $209,976,000 after purchasing an additional 651,332 shares during the period.

Saia Price Performance

NASDAQ SAIA opened at $448.95 on Wednesday. The business has a 50 day simple moving average of $392.53 and a 200 day simple moving average of $358.39. Saia, Inc. has a 52-week low of $248.37 and a 52-week high of $464.63. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.52 and a current ratio of 1.52. The stock has a market cap of $11.97 billion, a price-to-earnings ratio of 47.16, a PEG ratio of 2.19 and a beta of 2.12.

Saia (NASDAQ:SAIA) last posted its earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $789.08 million. During the same period in the prior year, the business earned $1.86 EPS. Saia’s revenue for the quarter was up 2.4% compared to the same quarter last year. Analysts anticipate that Saia, Inc. will post 11.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SAIA. Jefferies Financial Group upped their target price on shares of Saia from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Barclays upped their price target on Saia from $400.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Wall Street Zen upgraded shares of Saia from a “sell” rating to a “hold” rating in a research report on Monday, May 4th. Raymond James Financial reiterated an “outperform” rating and issued a $477.00 price target on shares of Saia in a research report on Friday, May 1st. Finally, Wells Fargo & Company increased their price target on shares of Saia from $395.00 to $445.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Ten research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Saia presently has an average rating of “Hold” and a consensus target price of $444.94.

Saia 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.