Quantinno Capital Management LP Boosts Holdings in Saia, Inc. $SAIA

Quantinno Capital Management LP raised its position in Saia, Inc. (NASDAQ:SAIA) by 58.5% in the 1st quarter, Holdings Channel reports. The firm owned 9,310 shares of the transportation company’s stock after buying an additional 3,436 shares during the quarter. Quantinno Capital Management LP’s holdings in Saia were worth $3,271,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its position in Saia by 2.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,798,841 shares of the transportation company’s stock worth $587,358,000 after buying an additional 43,690 shares in the last quarter. Viking Global Investors LP raised its holdings in shares of Saia by 67.2% in the 3rd quarter. Viking Global Investors LP now owns 1,383,888 shares of the transportation company’s stock valued at $414,281,000 after acquiring an additional 556,229 shares in the last quarter. Invesco Ltd. raised its holdings in shares of Saia by 31.7% in the 4th quarter. Invesco Ltd. now owns 923,912 shares of the transportation company’s stock valued at $301,676,000 after acquiring an additional 222,494 shares in the last quarter. Wasatch Advisors LP boosted its position in shares of Saia by 25.3% during the 2nd quarter. Wasatch Advisors LP now owns 825,687 shares of the transportation company’s stock valued at $226,230,000 after acquiring an additional 166,486 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of Saia by 8.6% during the 1st quarter. First Trust Advisors LP now owns 804,284 shares of the transportation company’s stock valued at $282,529,000 after acquiring an additional 63,486 shares during the last quarter.

Analyst Ratings Changes

Several research analysts have recently commented on SAIA shares. Bank of America raised Saia from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $499.00 to $502.00 in a report on Monday, July 13th. Benchmark reiterated a “buy” rating on shares of Saia in a research report on Wednesday, June 3rd. Wall Street Zen raised shares of Saia from a “sell” rating to a “hold” rating in a research note on Monday, May 4th. Jefferies Financial Group raised their price objective on shares of Saia from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Finally, Raymond James Financial dropped their price objective on shares of Saia from $477.00 to $475.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Thirteen analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $449.67.

Saia Stock Performance

Shares of NASDAQ SAIA opened at $364.21 on Friday. The stock has a market cap of $9.71 billion, a price-to-earnings ratio of 35.16, a P/E/G ratio of 1.64 and a beta of 2.14. 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 1-year low of $249.32 and a 1-year high of $494.71. The stock’s 50-day moving average is $427.20 and its 200 day moving average is $406.00.

Saia (NASDAQ:SAIA) last issued its earnings results on Thursday, July 30th. The transportation company reported $3.51 earnings per share (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 business had revenue of $956.49 million during the quarter, compared to analyst estimates of $956.20 million. During the same quarter in the prior year, the firm earned $2.67 earnings per share. Saia’s revenue for the quarter was up 17.1% on a year-over-year basis. On average, sell-side analysts anticipate that Saia, Inc. will post 11.46 EPS for the current fiscal year.

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.