Hsbc Holdings PLC Has $2.24 Million Holdings in Saia, Inc. $SAIA

Hsbc Holdings PLC lifted its stake in Saia, Inc. (NASDAQ:SAIA) by 464.5% during the 1st quarter, HoldingsChannel reports. The fund owned 6,441 shares of the transportation company’s stock after buying an additional 5,300 shares during the period. Hsbc Holdings PLC’s holdings in Saia were worth $2,240,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. AQR Capital Management LLC increased its holdings in shares of Saia by 52.4% during the 1st quarter. AQR Capital Management LLC now owns 1,781 shares of the transportation company’s stock worth $622,000 after purchasing an additional 612 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Saia by 334.3% in the first quarter. Jones Financial Companies Lllp now owns 873 shares of the transportation company’s stock valued at $305,000 after buying an additional 672 shares during the period. California Public Employees Retirement System grew 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 acquired a new stake in Saia during the second quarter worth about $11,599,000. Finally, Frontier Capital Management Co. LLC bought a new position in Saia during the second quarter valued at about $13,943,000.

Analyst Ratings Changes

Several research firms have commented on SAIA. Stifel Nicolaus set a $450.00 price target on Saia in a report on Friday, May 1st. TD Cowen boosted their price objective on Saia from $367.00 to $445.00 and gave the company a “hold” rating in a research report on Friday, May 1st. Wall Street Zen upgraded Saia from a “sell” rating to a “hold” rating in a research note on Monday, May 4th. Weiss Ratings raised Saia from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Finally, Stephens raised shares of Saia to a “strong-buy” rating in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $462.72.

Saia Stock Down 0.7%

NASDAQ SAIA opened at $423.68 on Friday. Saia, Inc. has a 1-year low of $249.32 and a 1-year high of $494.71. The company has a market capitalization of $11.30 billion, a price-to-earnings ratio of 44.50, a PEG ratio of 1.98 and a beta of 2.13. The stock’s 50 day moving average is $444.97 and its two-hundred day moving average is $405.03. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.04.

Saia (NASDAQ:SAIA) last issued its earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.04. The business had revenue of $806.23 million during the quarter, compared to analysts’ expectations of $789.08 million. Saia had a return on equity of 9.60% and a net margin of 7.84%.Saia’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.86 EPS. Equities analysts forecast that Saia, Inc. will post 11.46 earnings per share 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.