Renaissance Technologies LLC Has $23.32 Million Stake in Saia, Inc. $SAIA

Renaissance Technologies LLC raised its stake in Saia, Inc. (NASDAQ:SAIA) by 194.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,378 shares of the transportation company’s stock after acquiring an additional 43,840 shares during the period. Renaissance Technologies LLC’s holdings in Saia were worth $23,317,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Militia Capital Management LLC acquired a new position in Saia in the first quarter valued at about $2,129,000. First Trust Advisors LP grew its stake in Saia by 8.6% during the first quarter. First Trust Advisors LP now owns 804,284 shares of the transportation company’s stock worth $282,529,000 after buying an additional 63,486 shares in the last quarter. Parallel Advisors LLC increased its holdings in Saia by 11.4% in the 1st quarter. Parallel Advisors LLC now owns 627 shares of the transportation company’s stock valued at $220,000 after buying an additional 64 shares during the period. KBC Group NV increased its holdings in Saia by 12.8% in the 1st quarter. KBC Group NV now owns 844 shares of the transportation company’s stock valued at $296,000 after buying an additional 96 shares during the period. Finally, California Public Employees Retirement System raised its position in shares of Saia by 5.9% in the 1st quarter. California Public Employees Retirement System now owns 36,577 shares of the transportation company’s stock valued at $12,849,000 after buying an additional 2,033 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SAIA shares. Jefferies Financial Group upped their target price on Saia from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. The Goldman Sachs Group boosted their price target on Saia from $441.00 to $494.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Weiss Ratings upgraded Saia from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Evercore raised Saia from an “in-line” rating to an “outperform” rating in a research note on Wednesday, July 1st. Finally, Wells Fargo & Company lifted their target price on Saia from $445.00 to $490.00 and gave the company an “equal weight” rating in a research report on Friday, June 5th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Saia has a consensus rating of “Moderate Buy” and an average price target of $462.72.

Saia Stock Performance

NASDAQ SAIA opened at $394.44 on Thursday. The company has a market capitalization of $10.52 billion, a price-to-earnings ratio of 41.43, a PEG ratio of 1.92 and a beta of 2.13. Saia, Inc. has a twelve month low of $249.32 and a twelve month high of $494.71. The stock has a fifty day simple moving average of $441.98 and a 200 day simple moving average of $406.34. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.04.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.04. The firm had revenue of $806.23 million during the quarter, compared to analyst estimates of $789.08 million. Saia had a net margin of 7.84% and a return on equity of 9.60%. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.86 EPS. Sell-side analysts expect that Saia, Inc. will post 11.46 EPS for the current 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.