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

London Co. of Virginia lessened its stake in Saia, Inc. (NASDAQ:SAIA) by 27.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 78,519 shares of the transportation company’s stock after selling 30,155 shares during the quarter. London Co. of Virginia owned about 0.29% of Saia worth $25,640,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Vestor Capital LLC increased its holdings in shares of Saia by 9.5% in the fourth quarter. Vestor Capital LLC now owns 323 shares of the transportation company’s stock valued at $96,000 after purchasing an additional 28 shares during the last quarter. Parallel Advisors LLC increased its holdings in shares of Saia by 5.8% in the fourth quarter. Parallel Advisors LLC now owns 563 shares of the transportation company’s stock valued at $184,000 after purchasing an additional 31 shares during the last quarter. Boothbay Fund Management LLC increased its holdings in shares of Saia by 3.2% in the second quarter. Boothbay Fund Management LLC now owns 1,401 shares of the transportation company’s stock valued at $384,000 after purchasing an additional 43 shares during the last quarter. Vident Advisory LLC increased its holdings in shares of Saia by 4.4% in the second quarter. Vident Advisory LLC now owns 1,075 shares of the transportation company’s stock valued at $295,000 after purchasing an additional 45 shares during the last quarter. Finally, Park Avenue Securities LLC increased its holdings in shares of Saia by 2.0% in the fourth quarter. Park Avenue Securities LLC now owns 2,369 shares of the transportation company’s stock valued at $774,000 after purchasing an additional 46 shares during the last quarter.

Saia Price Performance

SAIA stock opened at $457.02 on Wednesday. The business has a fifty day moving average of $445.60 and a two-hundred day moving average of $385.86. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. The stock has a market cap of $12.19 billion, a price-to-earnings ratio of 48.01, a price-to-earnings-growth ratio of 2.26 and a beta of 2.10. Saia, Inc. has a 52-week low of $249.32 and a 52-week high of $494.71.

Saia (NASDAQ:SAIA) last posted its earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.04. The company had revenue of $806.23 million during the quarter, compared to analysts’ expectations of $789.08 million. Saia had a return on equity of 9.60% and a net margin of 7.84%.The firm’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.86 earnings per share. As a group, research analysts anticipate that Saia, Inc. will post 11.4 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on SAIA. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $441.00 price target on shares of Saia in a report on Thursday, April 30th. Citigroup cut Saia from a “buy” rating to a “neutral” rating and increased their price target for the company from $516.00 to $524.00 in a report on Monday. Weiss Ratings raised Saia from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Wells Fargo & Company raised their target price on Saia from $445.00 to $490.00 and gave the stock an “equal weight” rating in a research note on Friday, June 5th. Finally, Susquehanna raised their target price on Saia from $425.00 to $465.00 and gave the stock a “neutral” rating in a research note on Tuesday, June 2nd. Nine research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $454.00.

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.