BNP Paribas Financial Markets Sells 20,297 Shares of Saia, Inc. $SAIA

BNP Paribas Financial Markets cut its position in shares of Saia, Inc. (NASDAQ:SAIA) by 19.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 85,899 shares of the transportation company’s stock after selling 20,297 shares during the period. BNP Paribas Financial Markets’ holdings in Saia were worth $28,048,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Norges Bank bought a new stake in shares of Saia during the fourth quarter valued at approximately $130,411,000. Eurizon Capital SGR S.p.A. bought a new stake in shares of Saia during the fourth quarter valued at approximately $85,000. Intech Investment Management LLC boosted its stake in Saia by 19.7% in the 4th quarter. Intech Investment Management LLC now owns 6,520 shares of the transportation company’s stock valued at $2,129,000 after buying an additional 1,072 shares in the last quarter. Royce & Associates LP boosted its stake in Saia by 517.4% in the 4th quarter. Royce & Associates LP now owns 72,431 shares of the transportation company’s stock valued at $23,650,000 after buying an additional 60,700 shares in the last quarter. Finally, Clearstead Advisors LLC boosted its stake in Saia by 181.3% in the 4th quarter. Clearstead Advisors LLC now owns 571 shares of the transportation company’s stock valued at $186,000 after buying an additional 368 shares in the last quarter.

Saia Trading Up 1.5%

Shares of SAIA opened at $471.43 on Friday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. Saia, Inc. has a 12-month low of $248.37 and a 12-month high of $485.00. The firm has a market capitalization of $12.57 billion, a PE ratio of 49.52, a price-to-earnings-growth ratio of 2.22 and a beta of 2.10. The stock’s fifty day simple moving average is $425.10 and its 200-day simple moving average is $374.16.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.82 by $0.04. Saia had a return on equity of 9.60% and a net margin of 7.84%.The business had revenue of $806.23 million for the quarter, compared to analyst estimates of $789.08 million. During the same quarter in the prior year, the firm posted $1.86 earnings per share. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. As a group, research analysts predict that Saia, Inc. will post 11.39 earnings per share for the current year.

Wall Street Analyst Weigh In

SAIA has been the topic of several recent analyst reports. Bank of America boosted their price target on Saia from $413.00 to $429.00 and gave the company a “neutral” rating in a research note on Tuesday, March 3rd. TD Cowen boosted their price target on Saia from $367.00 to $445.00 and gave the company a “hold” rating in a research note on Friday, May 1st. Barclays boosted their price target on Saia from $400.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Evercore set a $476.00 price target on Saia in a research note on Friday, May 1st. Finally, Susquehanna boosted their price target on Saia from $425.00 to $465.00 and gave the company a “neutral” rating in a research note on Tuesday. Ten research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Saia currently has an average rating of “Hold” and a consensus target price of $449.67.

Saia Company 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.