Sterling Capital Management LLC Sells 1,451 Shares of Saia, Inc. $SAIA

Sterling Capital Management LLC cut its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 61.9% during the 1st quarter, Holdings Channel.com reports. The firm owned 894 shares of the transportation company’s stock after selling 1,451 shares during the quarter. Sterling Capital Management LLC’s holdings in Saia were worth $314,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the stock. Quarry LP increased its position in Saia by 8,400.0% in the fourth quarter. Quarry LP now owns 85 shares of the transportation company’s stock worth $28,000 after buying an additional 84 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Saia during the 4th quarter valued at about $36,000. Torren Management LLC purchased a new position in shares of Saia during the 4th quarter valued at about $40,000. Allworth Financial LP grew its stake in shares of Saia by 69.0% during the 3rd quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 58 shares during the period. Finally, Larson Financial Group LLC grew its stake in shares of Saia by 1,612.5% during the 4th 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 during the period.

Saia Price Performance

NASDAQ SAIA opened at $416.69 on Friday. 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. The stock has a market cap of $11.11 billion, a PE ratio of 43.77, a P/E/G ratio of 1.99 and a beta of 2.13. The stock’s 50 day moving average is $450.15 and its 200 day moving average is $395.06.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data 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. The business had revenue of $806.23 million during the quarter, compared to analyst estimates of $789.08 million. Saia had a net margin of 7.84% and a return on equity of 9.60%. The company’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the firm posted $1.86 EPS. Research analysts predict that Saia, Inc. will post 11.4 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Jefferies Financial Group increased their target price on shares of Saia from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, April 22nd. Evercore upgraded shares of Saia from an “in-line” rating to an “outperform” rating in a research report on Wednesday. Wall Street Zen raised shares of Saia from a “sell” rating to a “hold” rating in a research note on Monday, May 4th. Weiss Ratings upgraded shares of Saia from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Finally, Wells Fargo & Company raised their price objective on shares of Saia from $445.00 to $490.00 and gave the company an “equal weight” rating in a research report on Friday, June 5th. Ten analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.