Next Century Growth Investors LLC Has $10.04 Million Stock Holdings in Saia, Inc. $SAIA

Next Century Growth Investors LLC decreased its stake in Saia, Inc. (NASDAQ:SAIA) by 37.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 30,739 shares of the transportation company’s stock after selling 18,637 shares during the period. Next Century Growth Investors LLC’s holdings in Saia were worth $10,037,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SAIA. Alliancebernstein L.P. grew its stake in Saia by 35.4% during the third quarter. Alliancebernstein L.P. now owns 2,273,396 shares of the transportation company’s stock worth $680,564,000 after purchasing an additional 594,674 shares during the period. Capital International Investors increased its holdings in Saia by 0.8% in the third quarter. Capital International Investors now owns 1,419,062 shares of the transportation company’s stock worth $424,794,000 after purchasing an additional 11,454 shares in the last quarter. Viking Global Investors LP increased its holdings in Saia by 67.2% in the third 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 in the last quarter. Wasatch Advisors LP increased its holdings in 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 purchasing an additional 166,486 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in Saia by 33.0% in the fourth quarter. First Trust Advisors LP now owns 740,798 shares of the transportation company’s stock worth $241,885,000 after purchasing an additional 183,669 shares in the last quarter.

Saia Stock Performance

Shares of Saia stock opened at $482.87 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.52 and a current ratio of 1.52. Saia, Inc. has a 52 week low of $249.32 and a 52 week high of $494.71. The stock has a 50 day moving average price of $441.15 and a two-hundred day moving average price of $383.24. The stock has a market capitalization of $12.88 billion, a PE ratio of 50.72, a price-to-earnings-growth ratio of 2.30 and a beta of 2.10.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data 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 firm had revenue of $806.23 million during the quarter, compared to analysts’ expectations of $789.08 million. During the same quarter last year, the firm posted $1.86 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, equities analysts anticipate that Saia, Inc. will post 11.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SAIA has been the subject of a number of research analyst reports. Weiss Ratings upgraded Saia from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Barclays lifted their target price on Saia from $400.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Wells Fargo & Company lifted their target price on Saia from $445.00 to $490.00 and gave the stock an “equal weight” rating in a report on Friday, June 5th. Citigroup lifted their target price on Saia from $428.00 to $516.00 and gave the stock a “buy” rating in a report on Monday, May 4th. Finally, Susquehanna lifted their target price on Saia from $425.00 to $465.00 and gave the stock a “neutral” rating in a report on Tuesday, June 2nd. Ten research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $453.56.

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.