Capital International Investors Sells 303,638 Shares of Saia, Inc. $SAIA

Capital International Investors lowered its position in Saia, Inc. (NASDAQ:SAIA) by 21.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,115,424 shares of the transportation company’s stock after selling 303,638 shares during the period. Capital International Investors owned about 4.19% of Saia worth $364,226,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. State of Wyoming bought a new position in Saia in the 3rd quarter worth $30,000. Los Angeles Capital Management LLC bought a new position in Saia in the 4th quarter worth $36,000. Torren Management LLC bought a new position in Saia in the 4th quarter worth $40,000. Allworth Financial LP boosted its holdings in Saia by 69.0% in the 3rd quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock worth $43,000 after buying an additional 58 shares during the period. Finally, Larson Financial Group LLC boosted its holdings in Saia by 1,612.5% in the 4th quarter. Larson Financial Group LLC now owns 137 shares of the transportation company’s stock worth $45,000 after buying an additional 129 shares during the period.

Saia Price Performance

NASDAQ SAIA opened at $466.51 on Monday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.52 and a current ratio of 1.52. The firm’s 50 day moving average price is $427.54 and its 200-day moving average price is $375.60. Saia, Inc. has a 52-week low of $249.00 and a 52-week high of $485.00. The company has a market cap of $12.44 billion, a PE ratio of 49.00, a P/E/G ratio of 2.23 and a beta of 2.10.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.82 by $0.04. Saia had a net margin of 7.84% and a return on equity of 9.60%. The firm had revenue of $806.23 million for the quarter, compared to the consensus estimate of $789.08 million. During the same period last year, the firm earned $1.86 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. Sell-side analysts forecast that Saia, Inc. will post 11.39 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on SAIA shares. Evercore set a $476.00 price target on shares of Saia in a research note on Friday, May 1st. Barclays boosted their price target on shares of Saia from $400.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. Weiss Ratings upgraded shares of Saia from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, May 6th. Wells Fargo & Company boosted their price target on shares of Saia from $445.00 to $490.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Stephens boosted their price target on shares of Saia from $414.00 to $445.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Ten investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $452.17.

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.