Saia, Inc. $SAIA Shares Purchased by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc grew its position in Saia, Inc. (NASDAQ:SAIA) by 32.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,040 shares of the transportation company’s stock after purchasing an additional 4,717 shares during the period. Marks Group Wealth Management Inc’s holdings in Saia were worth $6,688,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the company. Quarry LP raised its holdings in shares of Saia by 8,400.0% during 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 acquired a new stake in Saia in the 4th quarter valued at approximately $36,000. Torren Management LLC acquired a new stake in Saia in the 4th quarter valued at approximately $40,000. Larson Financial Group LLC raised its stake in Saia by 1,612.5% during the 4th quarter. Larson Financial Group LLC now owns 137 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 129 shares in the last quarter. Finally, Allworth Financial LP raised its stake in Saia by 69.0% during 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 in the last quarter.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on SAIA shares. JPMorgan Chase & Co. increased their price target on Saia from $465.00 to $490.00 and gave the stock an “overweight” rating in a research note on Monday, June 8th. Weiss Ratings upgraded shares of Saia from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Jefferies Financial Group upped their price objective on shares of Saia from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. TD Cowen increased their target price on shares of Saia from $367.00 to $445.00 and gave the company a “hold” rating in a research report on Friday, May 1st. Finally, Benchmark reissued a “buy” rating on shares of Saia in a research note on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Saia has an average rating of “Moderate Buy” and an average price target of $462.72.

Saia Stock Performance

SAIA opened at $417.05 on Thursday. The business has a 50 day moving average price of $447.33 and a two-hundred day moving average price of $400.64. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 1.52. The company has a market capitalization 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 1-year low of $249.32 and a 1-year high of $494.71.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.04. Saia had a return on equity of 9.60% and a net margin of 7.84%.The company had revenue of $806.23 million for the quarter, compared to analysts’ expectations of $789.08 million. During the same period last year, the firm earned $1.86 EPS. The firm’s revenue for the quarter was up 2.4% on a year-over-year basis. Research analysts predict that Saia, Inc. will post 11.42 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.