Principal Financial Group Inc. Lowers Holdings in Saia, Inc. (NASDAQ:SAIA)

Principal Financial Group Inc. cut its holdings in Saia, Inc. (NASDAQ:SAIAGet Rating) by 2.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,244 shares of the transportation company’s stock after selling 2,314 shares during the period. Principal Financial Group Inc. owned 0.35% of Saia worth $31,089,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SAIA. National Asset Management Inc. lifted its stake in shares of Saia by 2.8% during the 4th quarter. National Asset Management Inc. now owns 1,629 shares of the transportation company’s stock worth $550,000 after purchasing an additional 44 shares during the last quarter. Captrust Financial Advisors increased its position in Saia by 2.3% during the 3rd quarter. Captrust Financial Advisors now owns 2,155 shares of the transportation company’s stock valued at $513,000 after buying an additional 49 shares in the last quarter. Van ECK Associates Corp increased its position in Saia by 9.1% during the 4th quarter. Van ECK Associates Corp now owns 588 shares of the transportation company’s stock valued at $198,000 after buying an additional 49 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its position in Saia by 6.7% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 898 shares of the transportation company’s stock valued at $299,000 after buying an additional 56 shares in the last quarter. Finally, National Bank of Canada FI acquired a new position in Saia during the 4th quarter valued at about $31,000.

Several research analysts recently issued reports on the company. StockNews.com assumed coverage on Saia in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Wolfe Research reduced their target price on Saia from $347.00 to $278.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 5th. Morgan Stanley upped their target price on Saia from $200.00 to $204.00 and gave the company an “underweight” rating in a research report on Monday, April 4th. Zacks Investment Research lowered Saia from a “buy” rating to a “hold” rating in a report on Wednesday, April 20th. Finally, Bank of America lowered Saia from a “buy” rating to a “neutral” rating and set a $222.00 price objective on the stock. in a report on Friday, April 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, Saia has an average rating of “Buy” and an average price target of $316.46.

Saia stock opened at $215.05 on Friday. The firm has a market cap of $5.68 billion, a price-to-earnings ratio of 19.44, a price-to-earnings-growth ratio of 0.77 and a beta of 1.37. Saia, Inc. has a 52 week low of $187.02 and a 52 week high of $365.50. The business’s 50-day moving average price is $233.94 and its 200 day moving average price is $281.31. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.02.

Saia (NASDAQ:SAIAGet Rating) last posted its earnings results on Monday, May 2nd. The transportation company reported $2.98 EPS for the quarter, topping the consensus estimate of $2.72 by $0.26. The firm had revenue of $661.20 million for the quarter, compared to analyst estimates of $633.80 million. Saia had a return on equity of 24.76% and a net margin of 11.98%. Saia’s revenue for the quarter was up 36.6% compared to the same quarter last year. During the same period last year, the company earned $1.40 earnings per share. Equities analysts expect that Saia, Inc. will post 12.69 EPS for the current year.

Saia Company Profile (Get Rating)

Saia, Inc, through its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 400 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. As of December 31, 2021, it operated 176 owned and leased facilities; and owned approximately 5,600 tractors and 19,300 trailers.

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Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

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