Wasatch Advisors LP Sells 25,325 Shares of Saia, Inc. $SAIA

Wasatch Advisors LP cut its holdings in Saia, Inc. (NASDAQ:SAIA) by 3.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 708,880 shares of the transportation company’s stock after selling 25,325 shares during the quarter. Saia makes up 1.7% of Wasatch Advisors LP’s holdings, making the stock its 15th biggest holding. Wasatch Advisors LP’s holdings in Saia were worth $249,015,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Lincoln Capital Corp bought a new position in shares of Saia in the fourth quarter worth about $1,371,000. M&T Bank Corp boosted its stake in shares of Saia by 383.7% in the 4th quarter. M&T Bank Corp now owns 26,524 shares of the transportation company’s stock valued at $8,661,000 after purchasing an additional 21,041 shares in the last quarter. Lecap Asset Management Ltd. bought a new stake in shares of Saia during the 4th quarter valued at approximately $1,692,000. Hudson Bay Capital Management LP bought a new stake in shares of Saia during the 3rd quarter valued at approximately $9,389,000. Finally, Segall Bryant & Hamill LLC increased its position in Saia by 53.5% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 48,584 shares of the transportation company’s stock worth $14,544,000 after purchasing an additional 16,929 shares in the last quarter.

Wall Street Analyst Weigh In

SAIA has been the subject of several research reports. Stifel Nicolaus set a $450.00 price objective on shares of Saia in a research note on Friday, May 1st. Wall Street Zen raised shares of Saia from a “sell” rating to a “hold” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. boosted their target price on shares of Saia from $465.00 to $490.00 and gave the stock an “overweight” rating in a research note on Monday, June 8th. Barclays upped their price target on shares of Saia from $400.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Finally, Raymond James Financial reiterated an “outperform” rating and issued a $477.00 price target on shares of Saia in a research note on Friday, May 1st. Nine equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $456.94.

Saia Stock Performance

Saia stock opened at $430.51 on Friday. The business has a 50 day moving average of $451.71 and a 200-day moving average of $392.26. Saia, Inc. has a 1 year low of $249.32 and a 1 year high of $494.71. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 1.52. The company has a market capitalization of $11.48 billion, a P/E ratio of 45.22, a P/E/G ratio of 2.07 and a beta of 2.10.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.04. Saia had a net margin of 7.84% and a return on equity of 9.60%. The business had revenue of $806.23 million during the quarter, compared to analyst estimates of $789.08 million. During the same quarter last year, the business earned $1.86 EPS. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. On average, equities research analysts predict that Saia, Inc. will post 11.4 earnings per share 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.