LRT Capital Management LLC Sells 3,673 Shares of Saia, Inc. $SAIA

LRT Capital Management LLC lowered its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 41.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,171 shares of the transportation company’s stock after selling 3,673 shares during the quarter. Saia accounts for 1.4% of LRT Capital Management LLC’s investment portfolio, making the stock its 24th largest holding. LRT Capital Management LLC’s holdings in Saia were worth $1,688,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of SAIA. Quarry LP grew its holdings in Saia by 8,400.0% during the fourth quarter. Quarry LP now owns 85 shares of the transportation company’s stock worth $28,000 after buying an additional 84 shares in the last quarter. State of Wyoming bought a new stake in Saia during the third quarter worth $30,000. Los Angeles Capital Management LLC bought a new stake in Saia during the fourth quarter worth $36,000. Torren Management LLC bought a new stake in Saia during the fourth quarter worth $40,000. Finally, Allworth Financial LP grew its holdings in Saia by 69.0% during the third quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock worth $43,000 after buying an additional 58 shares in the last quarter.

Saia Stock Down 0.9%

Shares of NASDAQ SAIA opened at $482.87 on Friday. Saia, Inc. has a one year low of $249.32 and a one 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 business’s fifty day moving average price is $441.15 and its 200-day moving average price is $382.46. The stock has a market capitalization of $12.88 billion, a PE ratio of 50.72, a P/E/G ratio of 2.30 and a beta of 2.10.

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on SAIA shares. Citigroup boosted their price objective on Saia from $428.00 to $516.00 and gave the stock a “buy” rating in a research report on Monday, May 4th. Wells Fargo & Company boosted their price objective on Saia from $445.00 to $490.00 and gave the stock an “equal weight” rating in a research report on Friday, June 5th. Wall Street Zen raised Saia from a “sell” rating to a “hold” rating in a research report on Monday, May 4th. Stifel Nicolaus set a $450.00 price objective on Saia in a research report on Friday, May 1st. Finally, Evercore set a $476.00 price objective on Saia in a research report on Friday, May 1st. Ten investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $453.56.

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.