Y Intercept Hong Kong Ltd Invests $3.10 Million in Saia, Inc. $SAIA

Y Intercept Hong Kong Ltd purchased a new position in shares of Saia, Inc. (NASDAQ:SAIA) during the first quarter, HoldingsChannel.com reports. The fund purchased 8,833 shares of the transportation company’s stock, valued at approximately $3,103,000.

A number of other institutional investors have also recently made changes to their positions in the business. Quarry LP grew 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 acquiring an additional 84 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in Saia in the 4th quarter worth approximately $36,000. Torren Management LLC purchased a new stake in Saia during the 4th quarter worth approximately $40,000. Allworth Financial LP increased its stake in Saia by 69.0% during the 3rd quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 58 shares in the last quarter. Finally, Larson Financial Group LLC raised its holdings in shares of Saia by 1,612.5% in the fourth quarter. Larson Financial Group LLC now owns 137 shares of the transportation company’s stock worth $45,000 after buying an additional 129 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SAIA. Barclays boosted their price target on Saia from $400.00 to $500.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Morgan Stanley raised their target price on Saia from $265.00 to $295.00 and gave the company an “underweight” rating in a research report on Monday. Benchmark reaffirmed a “buy” rating on shares of Saia in a research note on Wednesday, June 3rd. The Goldman Sachs Group lifted their price target on shares of Saia from $441.00 to $494.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. Finally, Evercore raised shares of Saia from an “in-line” rating to an “outperform” rating in a report on Wednesday, July 1st. Ten analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $460.50.

Saia Price Performance

Shares of SAIA stock traded up $2.13 during trading hours on Tuesday, reaching $420.02. The company had a trading volume of 67,235 shares, compared to its average volume of 492,380. Saia, Inc. has a 12-month low of $249.32 and a 12-month high of $494.71. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.52 and a current ratio of 1.52. The company has a market capitalization of $11.20 billion, a price-to-earnings ratio of 44.10, a PEG ratio of 1.99 and a beta of 2.13. The stock has a fifty day moving average of $449.69 and a 200-day moving average of $396.00.

Saia (NASDAQ:SAIA) last posted its earnings results on Thursday, April 30th. The transportation company reported $1.86 EPS for the quarter, beating analysts’ consensus estimates of $1.82 by $0.04. The company had revenue of $806.23 million for the quarter, compared to analysts’ expectations of $789.08 million. Saia had a net margin of 7.84% and a return on equity of 9.60%. Saia’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.86 earnings per share. On average, equities analysts anticipate 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.