Atom Investors LP Raises Stock Holdings in Saia, Inc. $SAIA

Atom Investors LP lifted its holdings in Saia, Inc. (NASDAQ:SAIA) by 1,014.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 19,048 shares of the transportation company’s stock after purchasing an additional 17,339 shares during the period. Atom Investors LP’s holdings in Saia were worth $6,220,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Captrust Financial Advisors raised its holdings in shares of Saia by 4.3% in the fourth quarter. Captrust Financial Advisors now owns 2,299 shares of the transportation company’s stock worth $751,000 after buying an additional 94 shares during the period. Fred Alger Management LLC raised its holdings in shares of Saia by 27.6% in the fourth quarter. Fred Alger Management LLC now owns 12,301 shares of the transportation company’s stock worth $4,017,000 after buying an additional 2,660 shares during the period. ExodusPoint Capital Management LP raised its holdings in shares of Saia by 163.8% in the fourth quarter. ExodusPoint Capital Management LP now owns 56,833 shares of the transportation company’s stock worth $18,557,000 after buying an additional 35,285 shares during the period. Militia Capital Partners LP raised its holdings in shares of Saia by 173.3% in the fourth quarter. Militia Capital Partners LP now owns 2,460 shares of the transportation company’s stock worth $803,000 after buying an additional 1,560 shares during the period. Finally, Alberta Investment Management Corp purchased a new stake in shares of Saia in the fourth quarter worth approximately $1,567,000.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on SAIA shares. Susquehanna increased their price target on Saia from $425.00 to $465.00 and gave the stock a “neutral” rating in a report on Tuesday, June 2nd. Weiss Ratings upgraded Saia from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Evercore set a $476.00 price objective on Saia in a report on Friday, May 1st. Wall Street Zen upgraded Saia from a “sell” rating to a “hold” rating in a report on Monday, May 4th. Finally, 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. 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 stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $454.00.

Saia Trading Down 3.6%

SAIA opened at $457.02 on Wednesday. The stock’s fifty day moving average is $445.60 and its two-hundred day moving average is $385.86. The company has a market capitalization of $12.19 billion, a P/E ratio of 48.01, a PEG ratio of 2.26 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.

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