In a recent development, &Advisor OS LLC has made a significant move by acquiring a new stake in Saia, Inc. (NASDAQ:SAIA). This news came to light through the firm’s 13F filing with the Securities and Exchange Commission (SEC), indicating its interest in the transportation company. The institutional investor acquired 1,793 shares of Saia, Inc., valued at approximately $488,000.
Saia, Inc., along with its subsidiaries, operates as a prominent transportation company in North America. Specializing in less-than-truckload services for shipments ranging from 100 to 10,000 pounds, the company also offers various value-added services such as non-asset truckload, expedited deliveries, and logistics solutions. As of December 31st, 2022, Saia operated an impressive fleet of around 6,200 tractors and 20,800 trailers across its 191 owned and leased facilities.
On NASDAQ stock exchange, shares of SAIA opened at $346.91 on Friday. Analyzing the financials of the company further reveals that it possesses a current ratio of 1.90 and a quick ratio of equally strong magnitude – indicators pointing towards its healthy liquidity position. Furthermore, Saia demonstrates responsible financial management with a debt-to-equity ratio as low as 0.01. These figures indicate that Saia maintains a favorable balance between assets and liabilities while upholding disciplined borrowing practices.
With a market capitalization worth an estimated $9.20 billion, Saia stands tall among its competitors within the industry. The current price-to-earnings (P/E) ratio reveals that investors are willing to pay approximately $26.14 for every dollar earned by the company. This valuation metric suggests optimism surrounding future earnings growth prospects since it is considerably higher than the industry average.
Considering the comparative price-to-earnings-growth (PEG) ratio of Saia, investors should carefully evaluate this investment opportunity. The PEG ratio of 4.22 highlights a slightly higher cost relative to expected future earnings growth. However, it is important to note that companies with greater growth potential often have higher PEG ratios due to increased investor optimism.
Taking market volatility into account, Saia’s stock possesses a beta of 1.53. This measure indicates the sensitivity of the transportation company’s stock price in relation to movements in the overall market. The current fifty-day simple moving average stands at $302.61, while the two-hundred-day simple moving average is slightly lower at $276.10 – indicating an upward trend in the stock price over time.
It is worth noting that Saia shares have experienced substantial price fluctuations over the past year, reaching a 12-month high of $351.41 and a low of $176.70. These swings potentially offer both opportunities and risks for potential investors as they evaluate the company’s performance over time.
The acquisition of a new stake by &Advisor OS LLC signifies their trust and confidence in Saia’s operational capabilities and growth prospects in the transportation industry. As firms analyze investment opportunities thoroughly, potential investors should consider conducting their own research or consulting with financial advisors to make well-informed decisions based on individual financial goals and risk tolerance levels.
As developments unravel within Saia Inc., it remains essential for stakeholders to stay informed about any further updates regarding the company’s financials, operations, and market performance that may affect its long-term outlook.
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Saia, Inc.: Hedge Funds and Institutional Investors Show Mixed Confidence as Company Faces Ratings and Analysts’ Assessment
Saia, Inc., a leading transportation company in North America, has recently attracted the attention of various hedge funds and institutional investors. These investors have either increased or decreased their stakes in the company, indicating their confidence or skepticism in its future prospects.
One notable hedge fund, OLD Mission Capital LLC, has purchased a new stake in Saia during the fourth quarter of last year. This acquisition was valued at approximately $27,000. Another significant investor, Neo Ivy Capital Management, also bought shares of Saia in the third quarter of last year for around $40,000. Massmutual Trust Co. FSB ADV raised its holdings in Saia by an impressive 642.9% during the first quarter of this year. Belpointe Asset Management LLC and Assetmark Inc. have also acquired new stakes in Saia during the fourth quarter, with investments worth approximately $63,000 each.
On the other hand, director Richard D. Odell sold 2,500 shares of Saia’s stock on May 5th at an average price of $293.90 per share. This transaction amounted to a total value of $734,750. After completing the sale, Odell now holds 5,989 shares of Saia’s stock worth approximately $1,760,167.10.
Additionally, director Donna E. Epps sold 240 shares of Saia’s stock on May 9th at an average price of $280.85 per share. The total value of this transaction was $67,404. Currently holding 1,983 shares of Saia’s stock post-sales process worth approximately $5569255.
Saia operates as a transportation company that specializes in providing less-than-truckload services for shipments ranging from 100 to 10,000 pounds. Additionally to these services; they offer non-asset truckload services alongside expedited and logistics services to clients throughout North America. As of December 31, 2022, the company owns and operates 191 facilities while also boasting a fleet of approximately 6,200 tractors and 20,800 trailers.
In terms of financial performance, Saia announced its earnings results on April 28th. The transportation company reported earnings per share (EPS) of $2.85 for the quarter, surpassing the consensus estimate by $0.17. It generated revenue of $660.50 million during the quarter, slightly below analysts’ expectations of $667.28 million. Despite a slight decline in revenue compared to the previous year, Saia maintained a healthy return on equity of 23.07% and net margin of 12.69%. Analysts predict that Saia will achieve earnings per share of $12.19 for the current fiscal year.
Various brokerages have recently weighed in on Saia’s stock performance with Bank of America leading the way by upgrading its rating from “neutral” to “buy.” In addition, they increased their price target for the stock from $311 to $388. Another research firm called SpectralCast reiterated an “upgrade” rating for Saia’s shares. Benchmark also raised its price target on Saia from $320 to $330 in their report released on May 1st.
However, StockNews.com initiated coverage on Saia with a more cautious “sell” rating on May 18th.
Susquehanna had previously set a “neutral” rating but reduced their price objective from $280 to $265 on April 10th.
Overall, according to Bloomberg.com’s analysis and ratings by different financial institutions, Saia currently holds an average rating of “Hold” with eight analysts giving it a buy rating and six maintaining a hold rating on this North American transportation company’s stock.
These recent developments reflect both positive and negative sentiments towards Saia among investors and industry experts alike. As the company navigates its way through the transportation market, it will be interesting to see how these stakes and ratings affect Saia’s performance in the coming months.