Mitsubishi UFJ Trust & Banking Corp Buys New Stake in Saia, Inc. $SAIA

Mitsubishi UFJ Trust & Banking Corp purchased a new position in shares of Saia, Inc. (NASDAQ:SAIA) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,147 shares of the transportation company’s stock, valued at approximately $904,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new position in Saia in the second quarter valued at $27,000. Quarry LP boosted its stake in shares of Saia by 8,400.0% during the 4th quarter. Quarry LP now owns 85 shares of the transportation company’s stock worth $28,000 after acquiring an additional 84 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Saia during the 4th quarter worth about $36,000. Torren Management LLC acquired a new stake in shares of Saia during the 4th quarter valued at about $40,000. Finally, Larson Financial Group LLC grew its position in shares of Saia by 1,612.5% during the 4th quarter. Larson Financial Group LLC now owns 137 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 129 shares during the period.

Saia Trading Up 1.1%

Shares of Saia stock opened at $384.32 on Friday. 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 twelve month low of $249.32 and a twelve month high of $494.71. The firm has a market capitalization of $10.25 billion, a PE ratio of 37.10, a P/E/G ratio of 1.73 and a beta of 2.14. The firm’s 50-day moving average price is $416.93 and its 200 day moving average price is $406.56.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Thursday, July 30th. The transportation company reported $3.51 EPS for the quarter, topping the consensus estimate of $3.38 by $0.13. Saia had a return on equity of 10.21% and a net margin of 8.19%.The company had revenue of $956.49 million during the quarter, compared to analyst estimates of $956.20 million. During the same period in the previous year, the business earned $2.67 EPS. Saia’s quarterly revenue was up 17.1% on a year-over-year basis. On average, sell-side analysts predict that Saia, Inc. will post 11.44 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SAIA has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price target on Saia from $490.00 to $498.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Stifel Nicolaus raised Saia from a “hold” rating to a “buy” rating and set a $438.00 price objective on the stock in a report on Friday, July 31st. Wall Street Zen raised Saia from a “sell” rating to a “hold” rating in a report on Monday, May 4th. Benchmark restated a “buy” rating on shares of Saia in a research report on Wednesday, June 3rd. Finally, Citigroup reduced their target price on Saia from $488.00 to $423.00 and set a “buy” rating for the company in a research note on Tuesday, August 4th. Thirteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $449.67.

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.