Sanctuary Advisors LLC Takes Position in Saia, Inc. $SAIA

Sanctuary Advisors LLC bought a new position in shares of Saia, Inc. (NASDAQ:SAIA) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,595 shares of the transportation company’s stock, valued at approximately $1,935,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vestor Capital LLC increased its stake in Saia by 9.5% in the fourth quarter. Vestor Capital LLC now owns 323 shares of the transportation company’s stock valued at $96,000 after purchasing an additional 28 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Saia by 5.8% during the 4th quarter. Parallel Advisors LLC now owns 563 shares of the transportation company’s stock worth $184,000 after buying an additional 31 shares during the last quarter. Wealth Alliance LLC boosted its holdings in shares of Saia by 5.1% in the 1st quarter. Wealth Alliance LLC now owns 763 shares of the transportation company’s stock valued at $268,000 after buying an additional 37 shares in the last quarter. Handelsbanken Fonder AB grew its position in shares of Saia by 0.5% in the 2nd quarter. Handelsbanken Fonder AB now owns 8,858 shares of the transportation company’s stock valued at $3,731,000 after buying an additional 40 shares during the last quarter. Finally, Boothbay Fund Management LLC grew its position in shares of Saia by 3.2% in the 2nd quarter. Boothbay Fund Management LLC now owns 1,401 shares of the transportation company’s stock valued at $384,000 after buying an additional 43 shares during the last quarter.

Saia Trading Up 1.7%

Shares of Saia stock opened at $349.83 on Thursday. Saia, Inc. has a 1 year low of $249.32 and a 1 year high of $494.71. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.58 and a current ratio of 1.58. The company has a market capitalization of $9.33 billion, a P/E ratio of 33.77, a PEG ratio of 1.55 and a beta of 2.14. The company’s fifty day moving average is $399.48 and its two-hundred day moving average is $406.62.

Saia (NASDAQ:SAIA) last announced its earnings results on Thursday, July 30th. The transportation company reported $3.51 EPS for the quarter, beating analysts’ consensus estimates of $3.38 by $0.13. Saia had a net margin of 8.19% and a return on equity of 10.21%. The business had revenue of $956.49 million during the quarter, compared to analysts’ expectations of $956.20 million. During the same period in the prior year, the company earned $2.67 earnings per share. The business’s revenue was up 17.1% compared to the same quarter last year. Analysts forecast that Saia, Inc. will post 11.44 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus raised shares of Saia from a “hold” rating to a “buy” rating and set a $438.00 price target for the company in a research report on Friday, July 31st. JPMorgan Chase & Co. raised their price objective on Saia from $490.00 to $498.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Susquehanna boosted their target price on Saia from $465.00 to $470.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. UBS Group decreased their target price on Saia from $527.00 to $504.00 and set a “buy” rating for the company in a research report on Friday, July 31st. Finally, Stephens dropped their price target on Saia from $520.00 to $490.00 and set an “overweight” rating on the stock in a research note on Friday, July 31st. Thirteen research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Saia currently has a consensus rating of “Moderate Buy” and a consensus target price of $449.67.

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.