Handelsbanken Fonder AB Grows Stock Position in Saia, Inc. $SAIA

Handelsbanken Fonder AB grew its position in Saia, Inc. (NASDAQ:SAIA) by 17.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 8,298 shares of the transportation company’s stock after buying an additional 1,240 shares during the quarter. Handelsbanken Fonder AB’s holdings in Saia were worth $2,709,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in SAIA. State of Wyoming purchased a new position in shares of Saia in the third quarter valued at approximately $30,000. Torren Management LLC purchased a new position in shares of Saia in the fourth quarter valued at approximately $40,000. Allworth Financial LP lifted its position in shares of Saia by 69.0% in the third quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 58 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Saia by 46.9% in the fourth quarter. Farther Finance Advisors LLC now owns 144 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 46 shares in the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Saia by 6,400.0% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 195 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 192 shares in the last quarter.

Saia Price Performance

SAIA stock opened at $456.23 on Monday. Saia, Inc. has a 52-week low of $248.37 and a 52-week high of $471.73. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. The stock has a market cap of $12.17 billion, a price-to-earnings ratio of 47.92, a price-to-earnings-growth ratio of 2.18 and a beta of 2.12. The business has a fifty day moving average of $398.83 and a two-hundred day moving average of $362.06.

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. Saia had a return on equity of 9.60% and a net margin of 7.84%.The company had revenue of $806.23 million for the quarter, compared to the consensus estimate of $789.08 million. During the same quarter in the previous year, the business earned $1.86 earnings per share. The company’s revenue for the quarter was up 2.4% on a year-over-year basis. As a group, research analysts anticipate that Saia, Inc. will post 11.38 earnings per share for the current year.

Analysts Set New Price Targets

SAIA has been the topic of several research reports. JPMorgan Chase & Co. raised their target price on Saia from $402.00 to $465.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Wolfe Research upgraded Saia from a “peer perform” rating to an “outperform” rating in a research report on Tuesday, April 7th. Jefferies Financial Group raised their target price on Saia from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Stephens raised their target price on Saia from $414.00 to $445.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Finally, BMO Capital Markets set a $425.00 target price on Saia in a research report on Thursday, February 19th. Ten research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $444.94.

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.