Latest news with #SAIA
Yahoo
06-05-2025
- Business
- Yahoo
Here's Why Artisan Mid Cap Fund Reduced Its Position in SAIA (SAIA)
Artisan Partners, an investment management company, released its 'Artisan Mid Cap Fund' first quarter 2025 investor letter. A copy of the letter can be downloaded here. In the first quarter, the fund's Investor Class fund ARTMX returned -7.40%, Advisor Class fund APDMX posted a return of -7.37%, and Institutional Class fund APHMX returned -7.35%, compared to a -7.12% return for the Russell Midcap Growth Index. US equities achieved solid Q4 gains, concluding a strong year. After a period of strong growth stock performance in 2023 and 2024, value stocks gained the lead in Q1 2025. In a risk-averse environment, investors shifted towards lower-volatility equities, especially in the utilities and consumer staples sectors, alongside those with higher dividend yields. In addition, please check the fund's top five holdings to know its best picks in 2025. In its first-quarter 2025 investor letter, Artisan Mid Cap Fund highlighted stocks such as Saia, Inc. (NASDAQ:SAIA). Saia, Inc. (NASDAQ:SAIA) is a North America-based transportation company. The one-month return of Saia, Inc. (NASDAQ:SAIA) was -19.79%, and its shares lost 36.24% of their value over the last 52 weeks. On May 5, 2025, Saia, Inc. (NASDAQ:SAIA) stock closed at $259.15 per share with a market capitalization of $6.902 billion. Artisan Mid Cap Fund stated the following regarding Saia, Inc. (NASDAQ:SAIA) in its Q1 2025 investor letter: "Along with Spotify, notable trims in the quarter included Arista Networks and Saia, Inc. (NASDAQ:SAIA). SAIA operates in less-than-truckload shipping, a structurally attractive area of transportation that features several solid franchise characteristics supported by real estate assets and network advantages. We continue to be attracted to SAIA's thoughtful expansion of its distribution network, which should support market share gains and margin expansion over time. However, we reduced our position as we believe economic pressures from rising tariffs could impact volume growth for the industry." Is Saia, Inc. (SAIA) the Best Freight Stock to Buy According to Hedge Funds? A long line of trucks transporting goods across the open road, symbolizing the long-distance transportation services of the company. Saia, Inc. (NASDAQ:SAIA) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 31 hedge fund portfolios held Saia, Inc. (NASDAQ:SAIA) at the end of the fourth quarter, compared to 32 in the third quarter. In the first quarter of 2025, Saia, Inc. (NASDAQ:SAIA) announced revenue of $787.6 million, marking a 4.3% increase compared to the same quarter last year. While we acknowledge the potential of Saia, Inc. (NASDAQ:SAIA) as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns, and doing so within a shorter timeframe. If you are looking for an AI stock that is as promising as NVIDIA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
Business Insider
28-04-2025
- Business
- Business Insider
Barclays Reaffirms Their Buy Rating on Saia (SAIA)
Barclays analyst maintained a Buy rating on Saia (SAIA – Research Report) on April 25 and set a price target of $290.00. The company's shares closed last Friday at $245.63. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. According to TipRanks, Morgan is a 4-star analyst with an average return of 9.5% and a 39.29% success rate. Morgan covers the Industrials sector, focusing on stocks such as Saia, XPO, and Old Dominion Freight. In addition to Barclays, Saia also received a Buy from Jefferies's Stephanie Moore in a report issued on April 25. However, on the same day, BMO Capital downgraded Saia (NASDAQ: SAIA) to a Hold. The company has a one-year high of $624.55 and a one-year low of $229.21. Currently, Saia has an average volume of 638K. Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SAIA in relation to earlier this year. Most recently, in February 2025, Raymond Ramu, the Exec. VP & Chief Customer Off of SAIA sold 1,980.00 shares for a total of $823,284.00.
Yahoo
26-04-2025
- Business
- Yahoo
BMO downgrades Saia, says challenges will take time to overcome
As previously reported, BMO Capital downgraded Saia (SAIA) to Market Perform from Outperform with a price target of $285, down from $455. Saia appears to have struggled to balance growth and profitability amid its network expansion, which has been challenged by the freight recession, and the firm believes challenges will take time to overcome, the analyst tells investors. However, the firm believes results reflect Saia-specific challenges and that concerns over industry pricing power 'appear misplaced,' so it maintains an Outperform rating on XPO, Inc (XPO) and recommends purchasing the latter, particularly on any weakness in sympathy with Saia today. Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See the top stocks recommended by analysts >> Read More on SAIA: Disclaimer & DisclosureReport an Issue Saia reports Q1 EPS $1.86, consensus $2.76 Saia sees FY25 net capex $650M SAIA Earnings Report this Week: Is It a Buy, Ahead of Earnings? Saia price target lowered to $480 from $524 at Stifel Saia price target lowered to $455 from $560 at Jefferies Sign in to access your portfolio
Yahoo
25-04-2025
- Business
- Yahoo
Saia badly misses Q1 mark, shares off 24% pre-market
Less-than-truckload carrier Saia said it didn't get the March lift in demand it normally sees as customers pulled back in response to trade uncertainty. Johns Creek, Georgia-based Saia (NASDAQ: SAIA) reported first-quarter earnings per share of $1.86 before the market opened on Friday. The result was well light of the $2.76 consensus estimate and the $3.38 the carrier posted in the year-ago period. Further, the consensus number came down 31 cents in the 90 days ahead of the print as analysts lowered expectations on mounting trade fears. Saia's revenue increased 4.3% year over year to $788 million (6% higher on a per-day comparison) as tonnage per day increased 12.8% and revenue per hundredweight, or yield, fell 5.8% (5.1% lower excluding fuel surcharges). The tonnage increase was largely due to recent terminal openings. The decline in the yield metric was driven by a 7.8% increase in weight per shipment. Net yields were positive when removing the change in shipment weights. 'Primarily resulting from an uncertain macroeconomic environment, we did not see the typical sequential growth in shipments through the quarter, with March shipments flat to February, causing our first-quarter revenues to fall well below our expectations,' President and CEO Fritz Holzgrefe said in a news release. A 91.1% operating ratio (inverse of operating margin) was 670 basis points worse y/y and notably worse than management's guidance, which implied an OR near 87.5%. Costs from new terminals and abnormally poor weather in January were some of the factors. Cost per shipment was up 9.4% y/y while revenue per shipment increased just 1.5%, a nearly 800-bp negative spread. Salaries, wages and benefits expenses (as a percentage of revenue) were 410 bps higher y/y, and depreciation expense was up 100 bps y/y. A $4.5 million swing from net interest income a year ago to net interest expense was a 13-cent drag on EPS in the quarter. Net debt was up $207 million y/y to fund the terminal acquisitions. Shares of SAIA were off 23.8% in pre-market action on Friday. Saia will host a conference call at 10 a.m. EDT on Friday to discuss first-quarter results. More FreightWaves articles by Todd Maiden: TL carrier Pamt books another loss in Q1 Knight-Swift grappling with tariff-spooked customers in bid season Market shook, LTL carrier Old Dominion isn't The post Saia badly misses Q1 mark, shares off 24% pre-market appeared first on FreightWaves. Sign in to access your portfolio
Zawya
09-04-2025
- Business
- Zawya
Sharjah Innovation Park 'SRTIP' and AIM Congress sign partnership agreement to attract technology scaleups and create business opportunities
Abu Dhabi: The Sharjah Research Technology and Innovation Park (SRTIP and AIM Congress, the world's leading investment platform, have entered into a partnership agreement to attract technology scaleups, create business opportunities, and support innovation. Under the agreement, SRTIP will offer exclusive packages to scaleups introduced through AIM's network, facilitating their setup and growth within the vibrant innovation park. In addition, the collaboration will promote the Sharjah Advanced Industry Accelerator (SAIA), SRTIP flagship program designed to support late-stage startups in accessing advanced industry markets, engaging with decision-makers, and exploring pilot projects. His Excellency Dr. Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade, AIM congress president, was present at the signing ceremony. The partnership agreement was signed by SRTI Park CEO Hussain Al Mahmoudi and AIM Global foundation President Dawood Al Shezawi added. Commenting on the partnership, Hussain Al Mahmoudi said: 'SRTIP, one of the region's dynamic innovation zones, is delighted to team up with AIM Congress as we pursue our ambitious growth plans. We share synergies with AIM Congress whose goal is to foster investment opportunities and create stronger trade bonds between nations. We look forward to welcoming new startups and investments through this partnership.' AIM Global foundation President Dawood Al Shezawi added: 'We are pleased to forge this partnership with SRTI Park, which today stands out as a beacon of innovation. AIM Congress, as a leading investment platform in the region, is uniquely placed to create business and investment opportunities for all stakeholders. This step represents a framework for collaboration, which will be mutually beneficial for both parties.' As per the terms of the agreement, SRTI Park will utilize AIM's network to introduce scaleups to SRTI Park and offer them with tailored packages for setting up operations. SRTI Park will offer access to ecosystem and events for scaleups introduced by AIM as well as promote AIM's initiatives within the Park's ecosystem. AIM Congress will provide support in facilitating technology commercialization and company creation within SRTI Park and SAIA. AIM Congress will introduce scaleups and partners that align with SRTI Park's focus sectors as well as provide marketing support to promoting SRTI Park and SAIA within AIM's global network. There will be special rates for companies joining SRTI Park through AIM and participating in SAIA. The two sides will support joint promotional efforts to highlight opportunities at SRTI Park and SAIA. SRTI Park focuses on fostering innovation in four core sectors: Advanced Manufacturing, Healthcare, Mobility and Logistics, and Sustainability. AIM Congress, which takes place in Abu Dhabi from April 7 to 9, is an initiative of the AIM Global Foundation, an independent international organization fully committed to empower the world's economy by boosting effective promotion strategies and facilitating opportunities for economic productivity and expansion. AIM Congress gathers corporate leaders, policy-makers, businessmen, regional and international investors, entrepreneurs, leading academics, and experts showcasing up-to-date information, strategies and knowledge on attracting investments.
