Latest news with #SAIA
Arab News
3 days ago
- Business
- Arab News
General Court of Audit chief attends Internal Auditors meeting in Riyadh
RIYADH: Hussam Alangari, the president of the General Court of Audit and board member of the Saudi Authority of Internal Auditors, attended the meeting of the Institute of Internal Auditors in Riyadh. Members of the ILA board congratulated Saudi Arabia, represented by SAIA, on its winning bid to host the 2027 IIA International Conference, Saudi Press Agency reported. The board said the successful bid was a culmination of the Kingdom's 'tireless efforts to enhance its international presence in the field of internal auditing and consolidate its leadership role in developing the profession regionally and globally.'
The Citizen
29-06-2025
- General
- The Citizen
Bowling and potjie fun at Leases Bowling Club
Rand Leases Bowling Club and the South African Military Veterans Infantry Association hosted a fun bowls day on Youth Day to raise funds for the club and the various charities that the military veterans support. The South African Infantry Association (SAIA) was established in 1985 to provide a home for veterans to share their experiences and enjoy social interaction. The West Rand branch was formed in 2018. According to SAIA West Rand chairperson Mike Bopp, the association raises funds for military veterans who are scraping by on a SASSA pension. 'Pensions for military veterans, as promised by the government through the Government Employees Pension Fund (GEPF), are non-existent to most Border War veterans,' he says. 'SAIA West Rand obtains donations and these are distributed to retirement homes, orphanages, homes for battered women and children and to the veterans themselves. 'Our mission is to ensure that no veteran ever feels alone or forgotten, and we strive to foster a sense of belonging and unity among those who have served our country. 'The SAIA West Rand branch committee holds several fundraisers throughout the year in pursuit of our goal to pay it forward and to help those in need.' The bowls day was well attended, and as a bonus, members of SAIA West Rand and Leases Bowling Club made a wide variety of delicious traditional – and not so traditional – potjies, the sale of which added to their fundraising efforts. There were more than 20 stalls where local small businesses sold a wide variety of goods. 'All in all, it was a good day,' says the bowling club's public relations officer, Ronny van Wyk. 'We hope to have many more in future.' For more information on the Leases Bowling Club, call Ronnie on 083 459 7851. To join SAIA, visit and click on Join SAIA and follow the prompts. At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!
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
