Elevation Point Wealth Partners LLC Buys New Shares in Saia, Inc. $SAIA

Elevation Point Wealth Partners LLC purchased a new stake in shares of Saia, Inc. (NASDAQ:SAIA) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 1,443 shares of the transportation company’s stock, valued at approximately $608,000.

Other large investors have also recently bought and sold shares of the company. Commerce Bank acquired a new position in shares of Saia in the 2nd quarter valued at about $576,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Saia during the second quarter worth approximately $69,000. Quantbot Technologies LP acquired a new stake in Saia during the second quarter worth approximately $64,000. Emerald Investment Advisers LLC bought a new stake in Saia in the second quarter worth approximately $3,317,000. Finally, William Blair Investment Management LLC bought a new stake in Saia in the second quarter worth approximately $109,089,000.

Analyst Upgrades and Downgrades

SAIA has been the subject of several recent analyst reports. Morgan Stanley reduced their price objective on shares of Saia from $295.00 to $285.00 and set an “underweight” rating for the company in a research report on Friday, July 31st. Susquehanna raised their price target on shares of Saia from $465.00 to $470.00 and gave the stock a “neutral” rating in a report on Tuesday, July 14th. JPMorgan Chase & Co. lifted their price target on shares of Saia from $490.00 to $498.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Evercore upgraded shares of Saia from an “in-line” rating to an “outperform” rating in a report on Wednesday, July 1st. Finally, Raymond James Financial cut their price objective on shares of Saia from $477.00 to $475.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Thirteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the 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 Saia stock opened at $349.54 on Tuesday. 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 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.04. The business has a 50 day moving average price of $403.26 and a 200-day moving average price of $407.45. The company has a market cap of $9.32 billion, a PE ratio of 33.74, a price-to-earnings-growth ratio of 1.63 and a beta of 2.14.

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