WINTON GROUP Ltd Makes New Investment in Saia, Inc. $SAIA

WINTON GROUP Ltd purchased a new position in shares of Saia, Inc. (NASDAQ:SAIA) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 2,322 shares of the transportation company’s stock, valued at approximately $758,000.

Several other hedge funds also recently bought and sold shares of SAIA. AQR Capital Management LLC increased its position in Saia by 52.4% during the first quarter. AQR Capital Management LLC now owns 1,781 shares of the transportation company’s stock worth $622,000 after buying an additional 612 shares in the last quarter. Jones Financial Companies Lllp increased its position in Saia by 334.3% during the first quarter. Jones Financial Companies Lllp now owns 873 shares of the transportation company’s stock worth $305,000 after buying an additional 672 shares in the last quarter. California Public Employees Retirement System increased its position in Saia by 4.3% during the second quarter. California Public Employees Retirement System now owns 32,543 shares of the transportation company’s stock worth $8,916,000 after buying an additional 1,356 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in Saia during the second quarter worth $11,599,000. Finally, Frontier Capital Management Co. LLC purchased a new position in Saia during the second quarter worth $13,943,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SAIA shares. Evercore set a $476.00 price objective on Saia in a report on Friday, May 1st. Jefferies Financial Group raised their price objective on Saia from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Wolfe Research upgraded Saia from a “peer perform” rating to an “outperform” rating in a report on Tuesday, April 7th. Raymond James Financial restated an “outperform” rating and set a $477.00 price objective on shares of Saia in a report on Friday, May 1st. Finally, UBS Group restated a “buy” rating and set a $493.00 price objective on shares of Saia in a report on Wednesday, February 11th. Ten analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $453.56.

Saia Price Performance

SAIA stock opened at $463.70 on Thursday. Saia, Inc. has a 52-week low of $249.00 and a 52-week high of $494.71. The stock has a market capitalization of $12.37 billion, a price-to-earnings ratio of 48.71, a price-to-earnings-growth ratio of 2.28 and a beta of 2.10. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. The stock’s fifty day simple moving average is $435.87 and its 200-day simple moving average is $380.23.

Saia (NASDAQ:SAIA) last issued its earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share for the quarter, beating 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 firm had revenue of $806.23 million for the quarter, compared to analysts’ expectations of $789.08 million. During the same quarter last year, the firm earned $1.86 earnings per share. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. Equities research analysts expect that Saia, Inc. will post 11.4 EPS for the current 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.