12,000 Shares in Saia, Inc. $SAIA Bought by Alight Capital Management LP

Alight Capital Management LP bought a new position in shares of Saia, Inc. (NASDAQ:SAIA) in the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 12,000 shares of the transportation company’s stock, valued at approximately $3,918,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. J. Goldman & Co LP acquired a new position in Saia in the fourth quarter valued at $3,434,000. AQR Capital Management LLC increased its position in shares of Saia by 139.3% during the fourth quarter. AQR Capital Management LLC now owns 11,596 shares of the transportation company’s stock worth $3,786,000 after acquiring an additional 6,751 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Saia by 2.5% during the fourth quarter. Cetera Investment Advisers now owns 3,299 shares of the transportation company’s stock worth $1,077,000 after acquiring an additional 82 shares in the last quarter. Amundi bought a new stake in Saia in the 4th quarter worth about $16,116,000. Finally, FIL Ltd grew its position in Saia by 11.1% in the 4th quarter. FIL Ltd now owns 625,000 shares of the transportation company’s stock worth $204,075,000 after purchasing an additional 62,500 shares in the last quarter.

Analyst Ratings Changes

SAIA has been the topic of a number of research analyst reports. Susquehanna boosted their target price on shares of Saia from $425.00 to $465.00 and gave the company a “neutral” rating in a research note on Tuesday, June 2nd. JPMorgan Chase & Co. increased their target price on shares of Saia from $465.00 to $490.00 and gave the stock an “overweight” rating in a research note on Monday, June 8th. Wall Street Zen upgraded shares of Saia from a “sell” rating to a “hold” rating in a research note on Monday, May 4th. BMO Capital Markets increased their price target on shares of Saia from $450.00 to $470.00 and gave the stock a “market perform” rating in a report on Thursday, June 4th. Finally, Evercore set a $476.00 target price on shares of Saia in a report on Friday, May 1st. Nine investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $454.00.

Saia Trading Down 6.8%

NASDAQ:SAIA opened at $425.86 on Thursday. The company has a 50-day moving average price of $446.68 and a 200-day moving average price of $386.89. Saia, Inc. has a 12 month low of $249.32 and a 12 month high of $494.71. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.04. The stock has a market cap of $11.36 billion, a price-to-earnings ratio of 44.73, a P/E/G ratio of 2.18 and a beta of 2.10.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.04. Saia had a net margin of 7.84% and a return on equity of 9.60%. The company had revenue of $806.23 million during the quarter, compared to analysts’ expectations of $789.08 million. During the same period last year, the company posted $1.86 EPS. Saia’s revenue was up 2.4% on a year-over-year basis. Equities analysts predict that Saia, Inc. will post 11.4 EPS for the current year.

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.