Calamos Advisors LLC Acquires Shares of 5,935 Saia, Inc. $SAIA

Calamos Advisors LLC acquired a new stake in Saia, Inc. (NASDAQ:SAIA) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,935 shares of the transportation company’s stock, valued at approximately $2,085,000.

Other institutional investors have also modified their holdings of the company. Quarry LP increased its holdings in Saia by 8,400.0% in the fourth quarter. Quarry LP now owns 85 shares of the transportation company’s stock valued at $28,000 after buying an additional 84 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Saia during the 4th quarter worth about $36,000. Torren Management LLC purchased a new stake in Saia during the 4th quarter worth about $40,000. Larson Financial Group LLC boosted its position in shares of Saia by 1,612.5% during the 4th quarter. Larson Financial Group LLC now owns 137 shares of the transportation company’s stock worth $45,000 after acquiring an additional 129 shares in the last quarter. Finally, Allworth Financial LP increased its holdings in shares of Saia by 69.0% in the 3rd quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 58 shares during the last quarter.

Saia Trading Down 3.6%

Shares of Saia stock opened at $417.05 on Thursday. The firm has a market cap of $11.12 billion, a price-to-earnings ratio of 43.81, a price-to-earnings-growth ratio of 2.03 and a beta of 2.13. Saia, Inc. has a 52-week low of $249.32 and a 52-week high of $494.71. The company’s 50-day simple moving average is $447.33 and its 200-day simple moving average is $400.64. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.04.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.86 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $789.08 million. During the same quarter last year, the firm earned $1.86 earnings per share. The firm’s revenue was up 2.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Saia, Inc. will post 11.42 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently weighed in on SAIA. Citigroup upgraded Saia from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $524.00 to $488.00 in a research note on Thursday, July 9th. JPMorgan Chase & Co. raised their price objective on shares of Saia from $465.00 to $490.00 and gave the stock an “overweight” rating in a report on Monday, June 8th. UBS Group upped their target price on shares of Saia from $493.00 to $527.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. The Goldman Sachs Group lifted their price target on shares of Saia from $441.00 to $494.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Finally, Barclays upped their price objective on shares of Saia from $400.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $462.72.

Saia 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.