Diversify Advisory Services LLC Acquires New Stake in Saia, Inc. $SAIA

Diversify Advisory Services LLC bought a new stake in Saia, Inc. (NASDAQ:SAIA) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,107 shares of the transportation company’s stock, valued at approximately $1,305,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. grew its stake in shares of Saia by 6.6% during the 2nd quarter. BlackRock Inc. now owns 2,545,731 shares of the transportation company’s stock valued at $1,072,160,000 after purchasing an additional 156,628 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Saia by 2.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,798,841 shares of the transportation company’s stock worth $587,358,000 after purchasing an additional 43,690 shares during the period. Viking Global Investors LP lifted its stake in shares of Saia by 67.2% in the 3rd quarter. Viking Global Investors LP now owns 1,383,888 shares of the transportation company’s stock worth $414,281,000 after purchasing an additional 556,229 shares during the period. Invesco Ltd. boosted its holdings in shares of Saia by 31.7% in the fourth quarter. Invesco Ltd. now owns 923,912 shares of the transportation company’s stock worth $301,676,000 after buying an additional 222,494 shares during the last quarter. Finally, Wasatch Advisors LP boosted its holdings in shares of Saia by 25.3% in the second quarter. Wasatch Advisors LP now owns 825,687 shares of the transportation company’s stock worth $226,230,000 after buying an additional 166,486 shares during the last quarter.

Analysts Set New Price Targets

SAIA has been the subject of a number of research reports. Jefferies Financial Group upped their target price on shares of Saia from $500.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Raymond James Financial dropped their price target on shares of Saia from $477.00 to $475.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Weiss Ratings reissued a “hold (c)” rating on shares of Saia in a research report on Monday, August 3rd. Susquehanna raised their target price on Saia from $465.00 to $470.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. Finally, Benchmark reiterated a “buy” rating on shares of Saia in a research report on Wednesday, June 3rd. Thirteen equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $449.67.

Saia Price Performance

NASDAQ SAIA opened at $359.19 on Thursday. 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 12 month low of $249.32 and a 12 month high of $494.71. The stock has a market cap of $9.58 billion, a price-to-earnings ratio of 34.67, a PEG ratio of 1.66 and a beta of 2.14. The company’s 50 day moving average is $410.72 and its two-hundred day moving average is $407.48.

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 analyst estimates of $956.20 million. Saia had a net margin of 8.19% and a return on equity of 10.21%. The company’s revenue was up 17.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.67 earnings per share. As a group, research analysts anticipate that Saia, Inc. will post 11.44 earnings per share for the current year.

About Saia

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.