Dockside LLC Makes New $2.40 Million Investment in Saia, Inc. $SAIA

Dockside LLC bought a new position in Saia, Inc. (NASDAQ:SAIA) during the 4th quarter, HoldingsChannel reports. The firm bought 7,364 shares of the transportation company’s stock, valued at approximately $2,404,000.

Several other hedge funds also recently bought and sold shares of the company. Vestor Capital LLC raised its holdings in Saia by 9.5% in the fourth quarter. Vestor Capital LLC now owns 323 shares of the transportation company’s stock worth $96,000 after purchasing an additional 28 shares during the period. Parallel Advisors LLC raised its holdings in Saia by 5.8% in the fourth quarter. Parallel Advisors LLC now owns 563 shares of the transportation company’s stock worth $184,000 after purchasing an additional 31 shares during the period. Boothbay Fund Management LLC raised its holdings in Saia by 3.2% in the second quarter. Boothbay Fund Management LLC now owns 1,401 shares of the transportation company’s stock worth $384,000 after purchasing an additional 43 shares during the period. Vident Advisory LLC raised its holdings in Saia by 4.4% in the second quarter. Vident Advisory LLC now owns 1,075 shares of the transportation company’s stock worth $295,000 after purchasing an additional 45 shares during the period. Finally, Park Avenue Securities LLC raised its holdings in Saia by 2.0% in the fourth quarter. Park Avenue Securities LLC now owns 2,369 shares of the transportation company’s stock worth $774,000 after purchasing an additional 46 shares during the period.

Saia Stock Performance

Shares of SAIA opened at $482.87 on Friday. The firm has a 50-day moving average of $441.15 and a 200-day moving average of $382.46. Saia, Inc. has a one year low of $249.32 and a one year high of $494.71. The company has a market cap 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. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 1.52.

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 net margin of 7.84% and a return on equity of 9.60%. The company had revenue of $806.23 million during the quarter, compared to the consensus estimate of $789.08 million. During the same quarter last year, the firm posted $1.86 EPS. The company’s quarterly revenue was up 2.4% on a year-over-year basis. As a group, equities analysts forecast that Saia, Inc. will post 11.4 earnings per share for the current year.

Analysts Set New Price Targets

SAIA has been the subject of several research reports. Wolfe Research raised shares of Saia from a “peer perform” rating to an “outperform” rating in a research report on Tuesday, April 7th. Barclays increased their price objective on shares of Saia from $400.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. increased their price objective on shares of Saia from $465.00 to $490.00 and gave the stock an “overweight” rating in a research report on Monday, June 8th. Evercore set a $476.00 price objective on shares of Saia in a research report on Friday, May 1st. Finally, The Goldman Sachs Group reissued a “buy” rating and set a $441.00 price objective on shares of Saia in a research report on Thursday, April 30th. Ten investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target 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.