Legal & General Group Plc Trims Stake in Saia, Inc. $SAIA

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

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Parallel Advisors LLC increased its holdings in shares of Saia by 7.3% during the 3rd quarter. Parallel Advisors LLC now owns 532 shares of the transportation company’s stock valued at $159,000 after purchasing an additional 36 shares in the last quarter. Boothbay Fund Management LLC boosted its holdings in Saia by 3.2% during the second quarter. Boothbay Fund Management LLC now owns 1,401 shares of the transportation company’s stock worth $384,000 after buying an additional 43 shares in the last quarter. Vident Advisory LLC grew its position in Saia by 4.4% during the second quarter. Vident Advisory LLC now owns 1,075 shares of the transportation company’s stock valued at $295,000 after buying an additional 45 shares during the period. Park Avenue Securities LLC grew its position in Saia by 2.0% during the fourth quarter. Park Avenue Securities LLC now owns 2,369 shares of the transportation company’s stock valued at $774,000 after buying an additional 46 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in Saia by 46.9% in the fourth quarter. Farther Finance Advisors LLC now owns 144 shares of the transportation company’s stock valued at $47,000 after buying an additional 46 shares in the last quarter.

Analysts Set New Price Targets

A number of research analysts have weighed in on SAIA shares. Raymond James Financial reiterated an “outperform” rating and issued a $477.00 price objective on shares of Saia in a research report on Friday, May 1st. Barclays lifted their price target on Saia from $400.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Bank of America upped their price target on Saia from $413.00 to $429.00 and gave the stock a “neutral” rating in a report on Tuesday, March 3rd. Jefferies Financial Group increased their price target on Saia from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, April 22nd. Finally, Susquehanna raised their price objective on Saia from $425.00 to $465.00 and gave the company a “neutral” rating in a report on Tuesday. Ten research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Saia currently has a consensus rating of “Hold” and an average price target of $447.17.

Saia Stock Down 2.3%

Shares of NASDAQ SAIA opened at $471.15 on Wednesday. The firm has a market cap of $12.57 billion, a price-to-earnings ratio of 49.49, a price-to-earnings-growth ratio of 2.30 and a beta of 2.10. The company’s 50-day simple moving average is $416.52 and its 200-day simple moving average is $370.06. 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 52-week low of $248.37 and a 52-week high of $485.00.

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 the consensus estimate of $1.82 by $0.04. The firm 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 company’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.86 EPS. Equities analysts predict that Saia, Inc. will post 11.38 EPS for the current fiscal year.

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.