Brant Point Investment Management LLC Cuts Position in Saia, Inc. $SAIA

Brant Point Investment Management LLC trimmed its position in shares of Saia, Inc. (NASDAQ:SAIA) by 9.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 14,000 shares of the transportation company’s stock after selling 1,447 shares during the quarter. Brant Point Investment Management LLC’s holdings in Saia were worth $4,571,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SAIA. Quarry LP increased its stake in shares of Saia by 8,400.0% during the fourth quarter. Quarry LP now owns 85 shares of the transportation company’s stock worth $28,000 after buying an additional 84 shares during the period. State of Wyoming purchased a new stake in shares of Saia during the third quarter worth approximately $30,000. Los Angeles Capital Management LLC purchased a new stake in shares of Saia during the fourth quarter worth approximately $36,000. Torren Management LLC purchased a new stake in shares of Saia during the fourth quarter worth approximately $40,000. Finally, Allworth Financial LP increased its stake in shares of Saia by 69.0% during the third quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock worth $43,000 after buying an additional 58 shares during the period.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SAIA. Susquehanna upped their target price on shares of Saia from $425.00 to $465.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. Benchmark restated a “buy” rating on shares of Saia in a research note on Wednesday, June 3rd. JPMorgan Chase & Co. upped 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. Bank of America upped their target price on shares of Saia from $413.00 to $429.00 and gave the stock a “neutral” rating in a research note on Tuesday, March 3rd. Finally, Barclays upped their target price on shares of Saia from $400.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Ten 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.com, the stock presently has a consensus rating of “Hold” and an average price target of $453.56.

Saia Stock Performance

Shares of Saia stock opened at $482.87 on Friday. The firm has a market capitalization of $12.88 billion, a P/E ratio of 50.72, a P/E/G ratio of 2.30 and a beta of 2.10. Saia, Inc. has a 52 week low of $249.32 and a 52 week high of $494.71. 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 firm’s 50 day moving average is $441.15 and its two-hundred day moving average is $382.46.

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