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

Wasatch Advisors LP lowered its position in shares of Saia, Inc. (NASDAQ:SAIA) by 3.4% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 708,880 shares of the transportation company’s stock after selling 25,325 shares during the quarter. Saia comprises 1.7% of Wasatch Advisors LP’s holdings, making the stock its 15th biggest position. Wasatch Advisors LP owned 2.66% of Saia worth $249,015,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of SAIA. Quarry LP increased its position 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 acquiring an additional 84 shares during the period. Los Angeles Capital Management LLC bought a new stake in Saia in the 4th quarter valued at about $36,000. Torren Management LLC acquired a new position in shares of Saia during the 4th quarter worth approximately $40,000. Allworth Financial LP grew its position in shares of Saia by 69.0% during the 3rd quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock worth $43,000 after purchasing an additional 58 shares in the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of Saia by 1,612.5% during the fourth quarter. Larson Financial Group LLC now owns 137 shares of the transportation company’s stock worth $45,000 after purchasing an additional 129 shares during the period.

Saia Price Performance

SAIA stock opened at $430.51 on Friday. The company’s 50-day moving average price is $451.71 and its two-hundred day moving average price is $392.26. The firm has a market cap 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. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. Saia, Inc. has a 12 month low of $249.32 and a 12 month high of $494.71.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.82 by $0.04. The company had revenue of $806.23 million during 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 firm’s quarterly revenue was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.86 EPS. On average, analysts anticipate that Saia, Inc. will post 11.4 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on SAIA. Benchmark reiterated a “buy” rating on shares of Saia in a research report on Wednesday, June 3rd. Susquehanna increased their price target on Saia from $425.00 to $465.00 and gave the stock a “neutral” rating in a research report on Tuesday, June 2nd. Citigroup lowered Saia from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $516.00 to $524.00 in a research note on Monday, June 15th. Jefferies Financial Group lifted their price objective on Saia from $500.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Finally, Wall Street Zen upgraded Saia from a “sell” rating to a “hold” rating in a research report on Monday, May 4th. Nine analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $456.94.

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.