SG Americas Securities LLC Reduces Position in Saia, Inc. $SAIA

SG Americas Securities LLC decreased its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 53.3% in the first quarter, HoldingsChannel reports. The fund owned 9,260 shares of the transportation company’s stock after selling 10,557 shares during the quarter. SG Americas Securities LLC’s holdings in Saia were worth $3,253,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of SAIA. Quarry LP raised its holdings in Saia by 8,400.0% in 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 stake in Saia in the fourth quarter worth about $36,000. Torren Management LLC purchased a new stake in Saia in the fourth quarter worth about $40,000. Allworth Financial LP raised 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 worth $43,000 after buying an additional 58 shares during the period. Finally, Larson Financial Group LLC raised 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 worth $45,000 after buying an additional 129 shares during the period.

Saia Stock Performance

SAIA opened at $421.16 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.52 and a current ratio of 1.52. The stock has a market capitalization of $11.23 billion, a price-to-earnings ratio of 44.24, a PEG ratio of 2.03 and a beta of 2.10. The company has a fifty day moving average of $451.51 and a 200 day moving average of $393.88. Saia, Inc. has a fifty-two week low of $249.32 and a fifty-two week high of $494.71.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.82 by $0.04. Saia had a net margin of 7.84% and a return on equity of 9.60%. 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 previous year, the company earned $1.86 EPS. The business’s quarterly revenue was up 2.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Saia, Inc. will post 11.4 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on SAIA shares. Citigroup downgraded Saia from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $516.00 to $524.00 in a research note on Monday, June 15th. Wall Street Zen raised shares of Saia from a “sell” rating to a “hold” rating in a report on Monday, May 4th. Morgan Stanley reiterated an “underweight” rating and issued a $265.00 price target on shares of Saia in a research report on Friday, May 1st. BMO Capital Markets increased their price objective on shares of Saia from $450.00 to $470.00 and gave the stock a “market perform” rating in a research note on Thursday, June 4th. Finally, Raymond James Financial restated an “outperform” rating and set a $477.00 price objective on shares of Saia in a research report on Friday, May 1st. Nine analysts have rated the stock with a Buy rating, eleven have assigned 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 a consensus target price of $456.94.

Saia 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.