Stephens Investment Management Group LLC Increases Position in Saia, Inc. $SAIA

Stephens Investment Management Group LLC lifted its position in Saia, Inc. (NASDAQ:SAIA) by 11.1% during the 1st quarter, Holdings Channel.com reports. The fund owned 141,326 shares of the transportation company’s stock after acquiring an additional 14,133 shares during the period. Stephens Investment Management Group LLC’s holdings in Saia were worth $49,645,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in SAIA. AQR Capital Management LLC grew its stake in Saia by 52.4% during the 1st quarter. AQR Capital Management LLC now owns 1,781 shares of the transportation company’s stock valued at $622,000 after purchasing an additional 612 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Saia by 334.3% in the first quarter. Jones Financial Companies Lllp now owns 873 shares of the transportation company’s stock worth $305,000 after purchasing an additional 672 shares during the last quarter. California Public Employees Retirement System lifted its holdings in shares of Saia by 4.3% during the second quarter. California Public Employees Retirement System now owns 32,543 shares of the transportation company’s stock worth $8,916,000 after purchasing an additional 1,356 shares during the period. Qube Research & Technologies Ltd acquired a new stake in shares of Saia during the second quarter worth about $11,599,000. Finally, Frontier Capital Management Co. LLC purchased a new stake in Saia in the second quarter valued at approximately $13,943,000.

Analysts Set New Price Targets

SAIA has been the topic of several research reports. Wall Street Zen upgraded shares of Saia from a “sell” rating to a “hold” rating in a report on Monday, May 4th. Stifel Nicolaus set a $450.00 price objective on shares of Saia in a research note on Friday, May 1st. BMO Capital Markets upped their price objective on shares of Saia from $450.00 to $470.00 and gave the company a “market perform” rating in a report on Thursday, June 4th. Citigroup lowered shares of Saia from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $516.00 to $524.00 in a research note on Monday, June 15th. Finally, Barclays raised their target price on shares of Saia from $400.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Ten research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Saia currently has a consensus rating of “Hold” and a consensus price target of $456.94.

Saia Price Performance

Shares of SAIA opened at $416.69 on Friday. Saia, Inc. has a 52 week low of $249.32 and a 52 week high of $494.71. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $11.11 billion, a price-to-earnings ratio of 43.77, a PEG ratio of 1.99 and a beta of 2.13. The stock’s 50-day moving average price is $450.15 and its 200-day moving average price is $395.06.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $806.23 million for the quarter, compared to the consensus estimate of $789.08 million. During the same period in the prior year, the firm posted $1.86 earnings per share. The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. On average, sell-side analysts predict that Saia, Inc. will post 11.4 EPS for the current year.

Saia Company 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.