Dockside LLC Invests $2.40 Million in Saia, Inc. $SAIA

Dockside LLC acquired a new position in shares of Saia, Inc. (NASDAQ:SAIA) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,364 shares of the transportation company’s stock, valued at approximately $2,404,000.

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

Wall Street Analyst Weigh In

Several analysts have recently commented on SAIA shares. Morgan Stanley reissued an “underweight” rating and set a $265.00 price target on shares of Saia in a research note on Friday, May 1st. Bank of America increased their price target on shares of Saia from $413.00 to $429.00 and gave the company a “neutral” rating in a research note on Tuesday, March 3rd. BMO Capital Markets increased their price target on shares of Saia from $450.00 to $470.00 and gave the company a “market perform” rating in a research note on Thursday, June 4th. Benchmark reissued a “buy” rating on shares of Saia in a research note on Wednesday, June 3rd. Finally, Jefferies Financial Group increased their price target on shares of Saia from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Ten equities 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 company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $453.56.

Saia Trading Down 0.9%

Shares of NASDAQ SAIA opened at $482.87 on Friday. The company’s 50 day simple moving average is $441.15 and its 200 day simple moving average is $382.46. Saia, Inc. has a fifty-two week low of $249.32 and a fifty-two week high of $494.71. The firm has a market capitalization of $12.88 billion, a P/E ratio of 50.72, a P/E/G 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 earnings per share for the quarter, beating the consensus estimate of $1.82 by $0.04. Saia had a net margin of 7.84% and a return on equity of 9.60%. The business had revenue of $806.23 million for the quarter, compared to analyst estimates of $789.08 million. During the same period in the prior year, the business posted $1.86 earnings per share. Saia’s revenue was up 2.4% compared to the same quarter last year. On average, analysts predict that Saia, Inc. will post 11.4 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.