Cynosure Group LLC Sells 1,250 Shares of Saia, Inc. $SAIA

Cynosure Group LLC trimmed its holdings in Saia, Inc. (NASDAQ:SAIA) by 45.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,530 shares of the transportation company’s stock after selling 1,250 shares during the quarter. Cynosure Group LLC’s holdings in Saia were worth $500,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in SAIA. Quarry LP boosted its position in shares of Saia by 8,400.0% during the 4th quarter. Quarry LP now owns 85 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 84 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Saia during the 4th quarter valued at approximately $36,000. Torren Management LLC bought a new position in shares of Saia during the 4th quarter valued at approximately $40,000. Allworth Financial LP boosted its position in shares of Saia by 69.0% during the 3rd quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock valued at $43,000 after acquiring an additional 58 shares during the last quarter. Finally, Larson Financial Group LLC boosted its position in shares of Saia by 1,612.5% during the 4th quarter. Larson Financial Group LLC now owns 137 shares of the transportation company’s stock valued at $45,000 after acquiring an additional 129 shares during the last quarter.

Saia Stock Performance

NASDAQ:SAIA opened at $457.02 on Wednesday. The stock’s fifty day moving average is $445.60 and its 200 day moving average is $385.86. Saia, Inc. has a fifty-two week low of $249.32 and a fifty-two week high of $494.71. The firm has a market capitalization of $12.19 billion, a PE ratio of 48.01, a PEG ratio of 2.26 and a beta of 2.10. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.52 and a current ratio of 1.52.

Saia (NASDAQ:SAIA) last released its earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates 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 last year, the firm posted $1.86 earnings per share. The business’s revenue was up 2.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Saia, Inc. will post 11.4 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SAIA. Morgan Stanley reiterated an “underweight” rating and set a $265.00 target price on shares of Saia in a research report on Friday, May 1st. Wall Street Zen upgraded Saia from a “sell” rating to a “hold” rating in a research report on Monday, May 4th. Barclays increased their target price on Saia from $400.00 to $500.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. Benchmark reiterated a “buy” rating on shares of Saia in a research report on Wednesday, June 3rd. Finally, Evercore set a $476.00 target price on Saia in a research report on Friday, May 1st. Nine equities research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Saia presently has an average rating of “Hold” and a consensus target price of $454.00.

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.