Life Cycle Investment Partners Ltd Buys Shares of 59,371 Saia, Inc. $SAIA

Life Cycle Investment Partners Ltd bought a new stake in shares of Saia, Inc. (NASDAQ:SAIA) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 59,371 shares of the transportation company’s stock, valued at approximately $19,386,000.

Several other institutional investors also recently bought and sold shares of the stock. Alliancebernstein L.P. raised its holdings in Saia by 35.4% during the third quarter. Alliancebernstein L.P. now owns 2,273,396 shares of the transportation company’s stock valued at $680,564,000 after buying an additional 594,674 shares in the last quarter. Capital International Investors raised its holdings in Saia by 0.8% during the third quarter. Capital International Investors now owns 1,419,062 shares of the transportation company’s stock valued at $424,794,000 after buying an additional 11,454 shares in the last quarter. Viking Global Investors LP raised its holdings in Saia by 67.2% during the third quarter. Viking Global Investors LP now owns 1,383,888 shares of the transportation company’s stock valued at $414,281,000 after buying an additional 556,229 shares in the last quarter. Wasatch Advisors LP raised its holdings in Saia by 25.3% during the second quarter. Wasatch Advisors LP now owns 825,687 shares of the transportation company’s stock valued at $226,230,000 after buying an additional 166,486 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Saia by 1,300.4% during the third quarter. Invesco Ltd. now owns 701,418 shares of the transportation company’s stock valued at $209,976,000 after buying an additional 651,332 shares in the last quarter.

Saia Trading Down 0.4%

Saia stock opened at $456.23 on Friday. 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 business’s 50-day simple moving average is $398.83 and its 200-day simple moving average is $361.52. The firm has a market capitalization of $12.17 billion, a PE ratio of 47.92, a PEG ratio of 2.18 and a beta of 2.12. Saia, Inc. has a 52 week low of $248.37 and a 52 week high of $471.73.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.04. The business had revenue of $806.23 million for the quarter, compared to analyst estimates of $789.08 million. Saia had a return on equity of 9.60% and a net margin of 7.84%.The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.86 earnings per share. Equities research analysts forecast that Saia, Inc. will post 11.38 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. UBS Group restated a “buy” rating and set a $493.00 target price on shares of Saia in a report on Wednesday, February 11th. The Goldman Sachs Group restated a “buy” rating and set a $441.00 target price on shares of Saia in a report on Thursday, April 30th. Citigroup raised their target price on Saia from $428.00 to $516.00 and gave the company a “buy” rating in a report on Monday, May 4th. Wells Fargo & Company raised their target price on Saia from $395.00 to $445.00 and gave the company an “equal weight” rating in a report on Friday, May 1st. Finally, Wolfe Research upgraded Saia from a “peer perform” rating to an “outperform” rating in a research note on Tuesday, April 7th. Ten research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $444.94.

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.