Montag A & Associates Inc. Boosts Holdings in Saia, Inc. $SAIA

Montag A & Associates Inc. boosted its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 34.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,763 shares of the transportation company’s stock after buying an additional 1,480 shares during the quarter. Montag A & Associates Inc.’s holdings in Saia were worth $2,427,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SAIA. Stephens decreased their target price on Saia from $520.00 to $490.00 and set an “overweight” rating on the stock in a report on Friday, July 31st. Raymond James Financial cut their price target on Saia from $477.00 to $475.00 and set an “outperform” rating for the company in a report on Monday, July 13th. UBS Group reduced their price target on Saia from $527.00 to $504.00 and set a “buy” rating for the company in a research report on Friday, July 31st. TD Cowen decreased their price objective on Saia from $445.00 to $400.00 and set a “hold” rating on the stock in a research note on Friday, July 31st. Finally, Evercore raised Saia from an “in-line” rating to an “outperform” rating in a research report on Wednesday, July 1st. Thirteen 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $449.67.

Saia Price Performance

SAIA stock opened at $384.32 on Friday. Saia, Inc. has a one year low of $249.32 and a one year high of $494.71. The company’s fifty day moving average price is $416.93 and its 200-day moving average price is $406.56. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.58 and a current ratio of 1.58. The company has a market capitalization of $10.25 billion, a PE ratio of 37.10, a price-to-earnings-growth ratio of 1.73 and a beta of 2.14.

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

Saia 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.