Saia, Inc. $SAIA Shares Sold by Sei Investments Co.

Sei Investments Co. lowered its position in shares of Saia, Inc. (NASDAQ:SAIA) by 6.5% in the first quarter, Holdings Channel reports. The institutional investor owned 83,176 shares of the transportation company’s stock after selling 5,770 shares during the period. Sei Investments Co.’s holdings in Saia were worth $29,218,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its holdings in shares of Saia by 2.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,798,841 shares of the transportation company’s stock valued at $587,358,000 after acquiring an additional 43,690 shares in the last quarter. Viking Global Investors LP raised its holdings in Saia by 67.2% during the third quarter. Viking Global Investors LP now owns 1,383,888 shares of the transportation company’s stock worth $414,281,000 after purchasing an additional 556,229 shares in the last quarter. Invesco Ltd. raised its holdings in Saia by 31.7% during the fourth quarter. Invesco Ltd. now owns 923,912 shares of the transportation company’s stock worth $301,676,000 after purchasing an additional 222,494 shares in the last quarter. Wasatch Advisors LP lifted its position in Saia by 25.3% in the second quarter. Wasatch Advisors LP now owns 825,687 shares of the transportation company’s stock valued at $226,230,000 after purchasing an additional 166,486 shares during the period. Finally, First Trust Advisors LP lifted its position in Saia by 8.6% in the first quarter. First Trust Advisors LP now owns 804,284 shares of the transportation company’s stock valued at $282,529,000 after purchasing an additional 63,486 shares during the period.

Saia Price Performance

SAIA stock opened at $419.92 on Tuesday. The firm has a 50 day moving average of $444.20 and a 200-day moving average of $405.77. The company has a market cap of $11.20 billion, a price-to-earnings ratio of 44.11, a PEG ratio of 1.98 and a beta of 2.13. 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 $249.32 and a 12-month high of $494.71.

Saia (NASDAQ:SAIA) last released 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. Saia had a return on equity of 9.60% and a net margin of 7.84%.The business 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 posted $1.86 EPS. The company’s revenue was up 2.4% compared to the same quarter last year. As a group, equities analysts expect that Saia, Inc. will post 11.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SAIA. Raymond James Financial dropped their target price on Saia from $477.00 to $475.00 and set an “outperform” rating on the stock in a research report on Monday, July 13th. Benchmark reissued a “buy” rating on shares of Saia in a report on Wednesday, June 3rd. Jefferies Financial Group lifted their price target on Saia from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Wednesday, April 22nd. Wolfe Research raised Saia from a “peer perform” rating to an “outperform” rating in a report on Tuesday, April 7th. Finally, UBS Group increased their price objective on Saia from $493.00 to $527.00 and gave the stock a “buy” rating in a research report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $462.72.

Saia Company Profile

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.