Allspring Global Investments Holdings LLC Lowers Holdings in Saia, Inc. $SAIA

Allspring Global Investments Holdings LLC trimmed its position in Saia, Inc. (NASDAQ:SAIA) by 4.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 239,465 shares of the transportation company’s stock after selling 12,186 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.90% of Saia worth $68,480,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of Saia by 11.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,831,614 shares of the transportation company’s stock worth $989,452,000 after buying an additional 288,746 shares during the period. Alliancebernstein L.P. lifted its holdings in shares of Saia by 17.3% in the 1st quarter. Alliancebernstein L.P. now owns 2,275,661 shares of the transportation company’s stock worth $795,184,000 after buying an additional 336,046 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Saia by 35.4% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,206,837 shares of the transportation company’s stock worth $421,705,000 after buying an additional 315,514 shares during the period. Select Equity Group L.P. raised its position in shares of Saia by 59.6% in the 1st quarter. Select Equity Group L.P. now owns 480,498 shares of the transportation company’s stock worth $167,900,000 after acquiring an additional 179,444 shares in the last quarter. Finally, Voya Investment Management LLC raised its position in shares of Saia by 12.5% in the 1st quarter. Voya Investment Management LLC now owns 421,172 shares of the transportation company’s stock worth $147,020,000 after acquiring an additional 46,770 shares in the last quarter.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Stifel Nicolaus reissued a “hold” rating and issued a $306.00 price target (up from $277.00) on shares of Saia in a research report on Thursday, July 24th. JPMorgan Chase & Co. reduced their price target on Saia from $374.00 to $360.00 and set an “overweight” rating for the company in a research report on Wednesday, October 8th. Barclays boosted their price target on Saia from $315.00 to $350.00 and gave the stock an “overweight” rating in a research report on Monday, July 28th. Stephens boosted their price target on Saia from $274.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 29th. Finally, Evercore ISI reduced their price target on Saia from $345.00 to $328.00 and set an “outperform” rating for the company in a research report on Tuesday, September 30th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $337.78.

Saia Trading Up 0.8%

Shares of NASDAQ:SAIA opened at $296.50 on Tuesday. The business’s 50-day moving average is $302.60 and its 200 day moving average is $295.09. Saia, Inc. has a 1 year low of $229.12 and a 1 year high of $624.55. The firm has a market capitalization of $7.90 billion, a P/E ratio of 27.38, a P/E/G ratio of 13.59 and a beta of 2.00. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 1.49.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, July 25th. The transportation company reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.28. Saia had a return on equity of 12.42% and a net margin of 8.96%.The company had revenue of $817.12 million for the quarter, compared to analyst estimates of $826.59 million. During the same period in the prior year, the company posted $3.83 EPS. The firm’s quarterly revenue was down .7% compared to the same quarter last year. On average, research analysts predict that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

About Saia

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.