Saia, Inc. $SAIA Shares Sold by London Co. of Virginia

London Co. of Virginia cut its position in Saia, Inc. (NASDAQ:SAIA) by 27.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 78,519 shares of the transportation company’s stock after selling 30,155 shares during the period. London Co. of Virginia’s holdings in Saia were worth $25,640,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Quarry LP grew its stake in shares of Saia by 8,400.0% in the fourth quarter. Quarry LP now owns 85 shares of the transportation company’s stock valued at $28,000 after buying an additional 84 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Saia in the fourth quarter valued at $36,000. Torren Management LLC acquired a new stake in shares of Saia in the fourth quarter valued at $40,000. Allworth Financial LP grew its stake in shares of Saia by 69.0% in the third quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock valued at $43,000 after buying an additional 58 shares in the last quarter. Finally, Larson Financial Group LLC grew its stake in shares of 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 buying an additional 129 shares in the last quarter.

Saia Trading Down 3.6%

NASDAQ:SAIA opened at $457.02 on Wednesday. The firm has a market cap of $12.19 billion, a PE ratio of 48.01, a price-to-earnings-growth ratio of 2.26 and a beta of 2.10. The stock has a fifty day moving average price of $445.60 and a 200 day moving average price of $385.86. Saia, Inc. has a 12-month low of $249.32 and a 12-month high of $494.71. 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 (NASDAQ:SAIA) last released its earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share (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 during the quarter, compared to analyst estimates of $789.08 million. During the same period last year, the business posted $1.86 earnings per share. Saia’s revenue was up 2.4% compared to the same quarter last year. Sell-side analysts anticipate that Saia, Inc. will post 11.4 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SAIA has been the subject of a number of research reports. Wolfe Research raised Saia from a “peer perform” rating to an “outperform” rating in a research note on Tuesday, April 7th. Morgan Stanley reiterated an “underweight” rating and issued a $265.00 target price on shares of Saia in a report on Friday, May 1st. Barclays lifted their target price on Saia from $400.00 to $500.00 and gave the company an “overweight” rating in a report on Friday, May 1st. Jefferies Financial Group lifted their target price on Saia from $500.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. Finally, Susquehanna lifted their target price on Saia from $425.00 to $465.00 and gave the company a “neutral” rating in a report on Tuesday, June 2nd. Nine equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $454.00.

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.