Stephens Investment Management Group LLC Purchases 14,133 Shares of Saia, Inc. $SAIA

Stephens Investment Management Group LLC grew its position in Saia, Inc. (NASDAQ:SAIA) by 11.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 141,326 shares of the transportation company’s stock after buying an additional 14,133 shares during the quarter. Stephens Investment Management Group LLC owned 0.53% of Saia worth $49,645,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vestor Capital LLC boosted its stake in shares of Saia by 9.5% during the fourth quarter. Vestor Capital LLC now owns 323 shares of the transportation company’s stock valued at $96,000 after purchasing an additional 28 shares in the last quarter. Parallel Advisors LLC raised its stake in Saia by 5.8% in the fourth quarter. Parallel Advisors LLC now owns 563 shares of the transportation company’s stock worth $184,000 after buying an additional 31 shares in the last quarter. Boothbay Fund Management LLC lifted its holdings in Saia by 3.2% during the second quarter. Boothbay Fund Management LLC now owns 1,401 shares of the transportation company’s stock worth $384,000 after buying an additional 43 shares during the period. Vident Advisory LLC lifted its holdings in Saia by 4.4% during the second quarter. Vident Advisory LLC now owns 1,075 shares of the transportation company’s stock worth $295,000 after buying an additional 45 shares during the period. Finally, Park Avenue Securities LLC boosted its position in Saia by 2.0% during the 4th 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 in the last quarter.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Citigroup lowered Saia from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $516.00 to $524.00 in a research report on Monday, June 15th. Wolfe Research upgraded shares of Saia from a “peer perform” rating to an “outperform” rating in a report on Tuesday, April 7th. Susquehanna increased their price target on shares of Saia from $425.00 to $465.00 and gave the company a “neutral” rating in a research report on Tuesday, June 2nd. Evercore upgraded shares of Saia from an “in-line” rating to an “outperform” rating in a report on Wednesday. Finally, Barclays lifted their price objective on shares of Saia from $400.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Ten investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $456.94.

Saia Stock Performance

Shares of NASDAQ:SAIA opened at $416.69 on Friday. The business’s 50-day moving average is $450.15 and its 200 day moving average is $395.06. 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, Inc. has a 1 year low of $249.32 and a 1 year high of $494.71. The firm has a market capitalization of $11.11 billion, a P/E ratio of 43.77, a P/E/G ratio of 1.99 and a beta of 2.13.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share for the quarter, topping 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 business 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 company earned $1.86 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. On average, research analysts predict that Saia, Inc. will post 11.4 earnings per share 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.