Saia, Inc. $SAIA Shares Sold by Legal & General Group Plc

Legal & General Group Plc lessened its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,051 shares of the transportation company’s stock after selling 3,467 shares during the period. Legal & General Group Plc owned approximately 0.15% of Saia worth $12,751,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Viking Global Investors LP purchased a new stake in Saia in the second quarter valued at about $226,770,000. Invesco Ltd. grew its stake in shares of Saia by 1,300.4% during the third quarter. Invesco Ltd. now owns 701,418 shares of the transportation company’s stock worth $209,976,000 after acquiring an additional 651,332 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of Saia by 35.4% during the third quarter. Alliancebernstein L.P. now owns 2,273,396 shares of the transportation company’s stock worth $680,564,000 after acquiring an additional 594,674 shares during the last quarter. First Trust Advisors LP increased its holdings in shares of Saia by 141.3% during the third quarter. First Trust Advisors LP now owns 557,129 shares of the transportation company’s stock valued at $166,782,000 after acquiring an additional 326,206 shares in the last quarter. Finally, Freestone Grove Partners LP purchased a new position in shares of Saia in the 3rd quarter valued at approximately $56,305,000.

Analyst Ratings Changes

A number of research firms recently commented on SAIA. Susquehanna lifted their target price on shares of Saia from $425.00 to $465.00 and gave the stock a “neutral” rating in a research note on Tuesday. JPMorgan Chase & Co. raised their price target on shares of Saia from $402.00 to $465.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. The Goldman Sachs Group reiterated a “buy” rating and set a $441.00 price objective on shares of Saia in a research note on Thursday, April 30th. Wall Street Zen raised shares of Saia from a “sell” rating to a “hold” rating in a report on Monday, May 4th. Finally, Jefferies Financial Group upped their target price on Saia from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Ten investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $447.17.

Saia Stock Performance

SAIA opened at $471.15 on Wednesday. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.04. Saia, Inc. has a 12-month low of $248.37 and a 12-month high of $485.00. The firm has a 50 day moving average of $416.52 and a two-hundred day moving average of $370.06. The firm has a market capitalization of $12.57 billion, a PE ratio of 49.49, a P/E/G ratio of 2.30 and a beta of 2.10.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.82 by $0.04. The business had revenue of $806.23 million for the quarter, compared to the consensus estimate of $789.08 million. Saia had a net margin of 7.84% and a return on equity of 9.60%. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.86 EPS. On average, analysts anticipate that Saia, Inc. will post 11.38 EPS for the current 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.