Saia, Inc. $SAIA Shares Sold by TD Asset Management Inc

TD Asset Management Inc cut its stake in Saia, Inc. (NASDAQ:SAIA) by 29.8% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,470 shares of the transportation company’s stock after selling 1,894 shares during the period. TD Asset Management Inc’s holdings in Saia were worth $1,883,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Quarry LP increased its holdings in Saia by 8,400.0% during the 4th quarter. Quarry LP now owns 85 shares of the transportation company’s stock worth $28,000 after purchasing an additional 84 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Saia in the 4th quarter valued at about $36,000. Torren Management LLC purchased a new stake in shares of Saia during the fourth quarter worth approximately $40,000. Larson Financial Group LLC raised its holdings in Saia by 1,612.5% in the fourth quarter. Larson Financial Group LLC now owns 137 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 129 shares in the last quarter. Finally, Farther Finance Advisors LLC raised 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 acquiring an additional 46 shares in the last quarter.

Saia Stock Up 1.1%

SAIA opened at $384.32 on Friday. The business’s 50-day simple moving average is $416.93 and its 200-day simple moving average is $406.56. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.58 and a current ratio of 1.58. Saia, Inc. has a one year low of $249.32 and a one year high of $494.71. The stock has a market capitalization of $10.25 billion, a P/E ratio of 37.10, a price-to-earnings-growth ratio of 1.71 and a beta of 2.14.

Saia (NASDAQ:SAIA) last posted its earnings results on Thursday, July 30th. The transportation company reported $3.51 earnings per share for the quarter, beating the consensus estimate of $3.38 by $0.13. The business had revenue of $956.49 million during the quarter, compared to the consensus estimate of $956.20 million. Saia had a return on equity of 10.21% and a net margin of 8.19%.The business’s quarterly revenue was up 17.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.67 EPS. Analysts anticipate that Saia, Inc. will post 11.46 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have commented on SAIA shares. UBS Group lowered their price target on shares of Saia from $527.00 to $504.00 and set a “buy” rating for the company in a report on Friday, July 31st. Citigroup reduced their price objective on shares of Saia from $488.00 to $423.00 and set a “buy” rating on the stock in a report on Tuesday, August 4th. BMO Capital Markets lifted their price objective on shares of Saia from $450.00 to $470.00 and gave the stock a “market perform” rating in a research report on Thursday, June 4th. Jefferies Financial Group boosted their target price on shares of Saia from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Finally, Stifel Nicolaus raised Saia from a “hold” rating to a “buy” rating and set a $438.00 target price on the stock in a report on Friday, July 31st. Thirteen equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $449.67.

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.