OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Makes New $5.17 Million Investment in Saia, Inc. $SAIA

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Saia, Inc. (NASDAQ:SAIA) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 15,840 shares of the transportation company’s stock, valued at approximately $5,172,000. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.06% of Saia as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in SAIA. Vestor Capital LLC increased its stake in shares of Saia by 9.5% in 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 during the period. Parallel Advisors LLC grew its holdings in Saia by 5.8% in the 4th quarter. Parallel Advisors LLC now owns 563 shares of the transportation company’s stock worth $184,000 after acquiring an additional 31 shares during the last quarter. Boothbay Fund Management LLC grew its holdings in Saia by 3.2% in the 2nd quarter. Boothbay Fund Management LLC now owns 1,401 shares of the transportation company’s stock worth $384,000 after acquiring an additional 43 shares during the last quarter. Vident Advisory LLC increased its position in shares of Saia by 4.4% in the second quarter. Vident Advisory LLC now owns 1,075 shares of the transportation company’s stock valued at $295,000 after acquiring an additional 45 shares during the period. Finally, Park Avenue Securities LLC raised 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 acquiring an additional 46 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SAIA shares. Weiss Ratings upgraded shares of Saia from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. The Goldman Sachs Group restated a “buy” rating and set a $441.00 price target on shares of Saia in a report on Thursday, April 30th. Benchmark reiterated a “buy” rating on shares of Saia in a report on Wednesday, June 3rd. Wells Fargo & Company lifted their price objective on Saia from $445.00 to $490.00 and gave the stock an “equal weight” rating in a research report on Friday, June 5th. Finally, Citigroup cut Saia from a “buy” rating to a “neutral” rating and boosted their target price for the company from $516.00 to $524.00 in a research note on Monday. Nine equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Saia currently has an average rating of “Hold” and an average price target of $454.00.

Saia Stock Performance

Shares of NASDAQ SAIA opened at $435.12 on Friday. Saia, Inc. has a 1 year low of $249.32 and a 1 year high of $494.71. The stock has a market cap of $11.60 billion, a P/E ratio of 45.71, a price-to-earnings-growth ratio of 2.07 and a beta of 2.10. The firm has a 50-day moving average of $448.56 and a 200 day moving average of $388.30. 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 released its earnings results on Thursday, April 30th. The transportation company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.82 by $0.04. The business had revenue of $806.23 million for the quarter, compared to the consensus estimate of $789.08 million. Saia had a return on equity of 9.60% and a net margin of 7.84%.The company’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.86 earnings per share. As a group, sell-side analysts expect that Saia, Inc. will post 11.4 EPS for the current fiscal 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.