Moore Capital Management LP Invests $13.21 Million in Saia, Inc. $SAIA

Moore Capital Management LP bought a new stake in Saia, Inc. (NASDAQ:SAIA) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 31,362 shares of the transportation company’s stock, valued at approximately $13,208,000.

A number of other institutional investors have also made changes to their positions in SAIA. Vestor Capital LLC grew its holdings in Saia by 9.5% during the 4th quarter. Vestor Capital LLC now owns 323 shares of the transportation company’s stock worth $96,000 after acquiring an additional 28 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of Saia by 5.8% in the fourth quarter. Parallel Advisors LLC now owns 563 shares of the transportation company’s stock worth $184,000 after acquiring an additional 31 shares during the last quarter. Wealth Alliance LLC raised its stake in shares of Saia by 5.1% in the first quarter. Wealth Alliance LLC now owns 763 shares of the transportation company’s stock worth $268,000 after acquiring an additional 37 shares during the last quarter. Handelsbanken Fonder AB lifted its position in shares of Saia by 0.5% during the second quarter. Handelsbanken Fonder AB now owns 8,858 shares of the transportation company’s stock worth $3,731,000 after purchasing an additional 40 shares in the last quarter. Finally, Boothbay Fund Management LLC lifted its position in shares of Saia by 3.2% during the second quarter. Boothbay Fund Management LLC now owns 1,401 shares of the transportation company’s stock worth $384,000 after purchasing an additional 43 shares in the last quarter.

Analysts Set New Price Targets

SAIA has been the topic of several research analyst reports. Wall Street Zen raised shares of Saia from a “sell” rating to a “hold” rating in a research note on Monday, May 4th. Stephens reduced their price objective on Saia from $520.00 to $490.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. The Goldman Sachs Group reiterated a “buy” rating and issued a $476.00 price objective on shares of Saia in a research report on Thursday, July 30th. JPMorgan Chase & Co. lifted their target price on Saia from $490.00 to $498.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Finally, Morgan Stanley lowered their target price on Saia from $295.00 to $285.00 and set an “underweight” rating for the company in a research note on Friday, July 31st. Thirteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Saia has an average rating of “Moderate Buy” and a consensus price target of $449.67.

Saia Price Performance

Shares of NASDAQ SAIA opened at $352.25 on Monday. The firm has a market capitalization of $9.39 billion, a PE ratio of 34.00, a price-to-earnings-growth ratio of 1.59 and a beta of 2.14. 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, Inc. has a 1 year low of $249.32 and a 1 year high of $494.71. The firm’s 50-day moving average is $396.18 and its 200-day moving average is $405.78.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Thursday, July 30th. The transportation company reported $3.51 earnings per share for the quarter, topping analysts’ consensus estimates of $3.38 by $0.13. The business had revenue of $956.49 million during the quarter, compared to the consensus estimate of $956.20 million. Saia had a net margin of 8.19% and a return on equity of 10.21%. Saia’s revenue for the quarter was up 17.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.67 earnings per share. Equities analysts expect that Saia, Inc. will post 11.44 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.