Russell Investments Group Ltd. Lowers Holdings in Saia, Inc. $SAIA

Russell Investments Group Ltd. lowered its position in Saia, Inc. (NASDAQ:SAIA) by 45.4% during the 2nd quarter, Holdings Channel reports. The firm owned 35,239 shares of the transportation company’s stock after selling 29,360 shares during the quarter. Russell Investments Group Ltd.’s holdings in Saia were worth $14,841,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD raised its position in Saia by 2.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,798,841 shares of the transportation company’s stock valued at $587,358,000 after purchasing an additional 43,690 shares in the last quarter. Viking Global Investors LP grew its position in shares of Saia by 67.2% during the 3rd quarter. Viking Global Investors LP now owns 1,383,888 shares of the transportation company’s stock worth $414,281,000 after buying an additional 556,229 shares in the last quarter. Invesco Ltd. grew its position in shares of Saia by 31.7% during the 4th quarter. Invesco Ltd. now owns 923,912 shares of the transportation company’s stock worth $301,676,000 after buying an additional 222,494 shares in the last quarter. Wasatch Advisors LP increased its stake in shares of Saia by 25.3% during the second quarter. Wasatch Advisors LP now owns 825,687 shares of the transportation company’s stock valued at $226,230,000 after buying an additional 166,486 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Saia by 8.6% during the first quarter. First Trust Advisors LP now owns 804,284 shares of the transportation company’s stock valued at $282,529,000 after buying an additional 63,486 shares during the period.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SAIA. Bank of America upgraded Saia from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $499.00 to $502.00 in a report on Monday, July 13th. Wall Street Zen raised shares of Saia from a “sell” rating to a “hold” rating in a research report on Monday, May 4th. Barclays reduced their price target on shares of Saia from $500.00 to $475.00 and set an “overweight” rating for the company in a report on Friday, July 31st. Stephens lowered their price target on shares of Saia from $520.00 to $490.00 and set an “overweight” rating for the company in a research report on Friday, July 31st. Finally, TD Cowen dropped their price objective on shares of Saia from $445.00 to $400.00 and set a “hold” rating on the stock in a research note on Friday, July 31st. Thirteen equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $449.67.

Saia Price Performance

Shares of NASDAQ SAIA opened at $384.32 on Friday. Saia, Inc. has a fifty-two week low of $249.32 and a fifty-two week high of $494.71. The company has a market cap of $10.25 billion, a PE ratio of 37.10, a P/E/G ratio of 1.73 and a beta of 2.14. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.58 and a current ratio of 1.58. The business has a 50-day simple moving average of $416.93 and a two-hundred day simple moving average of $406.56.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Thursday, July 30th. The transportation company reported $3.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.38 by $0.13. Saia had a net margin of 8.19% and a return on equity of 10.21%. The firm had revenue of $956.49 million for the quarter, compared to the consensus estimate of $956.20 million. During the same quarter in the prior year, the company posted $2.67 earnings per share. The company’s revenue for the quarter was up 17.1% compared to the same quarter last year. As a group, equities analysts expect that Saia, Inc. will post 11.44 EPS for the current fiscal year.

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.