Saia, Inc. (NASDAQ:SAIA) Shares Sold by Signaturefd LLC

Signaturefd LLC lessened its stake in Saia, Inc. (NASDAQ:SAIA) by 22.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 228 shares of the transportation company’s stock after selling 67 shares during the period. Signaturefd LLC’s holdings in Saia were worth $108,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Research Global Investors increased its position in shares of Saia by 129.8% in the fourth quarter. Capital Research Global Investors now owns 920,258 shares of the transportation company’s stock valued at $403,275,000 after buying an additional 519,819 shares in the last quarter. Norges Bank purchased a new stake in Saia in the 4th quarter worth $201,117,000. TimesSquare Capital Management LLC raised its position in Saia by 129.1% during the fourth quarter. TimesSquare Capital Management LLC now owns 115,660 shares of the transportation company’s stock worth $50,685,000 after acquiring an additional 65,185 shares during the period. Clearbridge Investments LLC purchased a new position in Saia during the first quarter valued at $27,733,000. Finally, Vaughan Nelson Investment Management L.P. grew its position in shares of Saia by 6.8% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 708,420 shares of the transportation company’s stock valued at $414,425,000 after purchasing an additional 45,155 shares during the period.

Saia Stock Performance

Shares of Saia stock opened at $380.58 on Wednesday. The business has a 50-day simple moving average of $423.45 and a 200-day simple moving average of $473.77. The company has a market cap of $10.12 billion, a PE ratio of 27.58, a P/E/G ratio of 1.81 and a beta of 1.74. Saia, Inc. has a one year low of $341.26 and a one year high of $628.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.36 and a current ratio of 1.36.

Saia (NASDAQ:SAIA) last issued its earnings results on Friday, July 26th. The transportation company reported $3.83 EPS for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.17). The firm had revenue of $823.24 million for the quarter, compared to analyst estimates of $821.60 million. Saia had a return on equity of 19.14% and a net margin of 12.26%. On average, equities research analysts forecast that Saia, Inc. will post 13.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on SAIA shares. Wells Fargo & Company decreased their price target on shares of Saia from $445.00 to $400.00 and set an “equal weight” rating on the stock in a research note on Monday, July 29th. Benchmark decreased their target price on Saia from $575.00 to $480.00 and set a “buy” rating on the stock in a research report on Monday, July 29th. Barclays dropped their price target on Saia from $575.00 to $515.00 and set an “overweight” rating for the company in a research report on Monday, July 29th. BMO Capital Markets decreased their price objective on Saia from $500.00 to $480.00 and set a “market perform” rating on the stock in a report on Monday, July 29th. Finally, Raymond James dropped their target price on shares of Saia from $540.00 to $520.00 and set an “outperform” rating for the company in a report on Monday, June 24th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $488.87.

Saia Profile

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.