Sterling Capital Management LLC Sells 1,451 Shares of Saia, Inc. $SAIA

Sterling Capital Management LLC reduced its position in Saia, Inc. (NASDAQ:SAIA) by 61.9% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 894 shares of the transportation company’s stock after selling 1,451 shares during the period. Sterling Capital Management LLC’s holdings in Saia were worth $314,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Louisiana State Employees Retirement System purchased a new position in shares of Saia in the first quarter worth $2,705,000. Fifth Third Wealth Advisors LLC boosted its position in shares of Saia by 10.7% during the first quarter. Fifth Third Wealth Advisors LLC now owns 1,010 shares of the transportation company’s stock valued at $355,000 after buying an additional 98 shares during the last quarter. Lincoln Capital Corp boosted its position in shares of Saia by 103.5% during the first quarter. Lincoln Capital Corp now owns 8,547 shares of the transportation company’s stock valued at $3,002,000 after buying an additional 4,347 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in Saia by 203.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,231 shares of the transportation company’s stock worth $402,000 after buying an additional 825 shares in the last quarter. Finally, OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Saia in the 4th quarter worth about $5,172,000.

Saia Price Performance

NASDAQ SAIA opened at $416.69 on Friday. The company has a 50-day moving average price of $450.15 and a 200-day moving average price of $395.06. Saia, Inc. has a 52 week low of $249.32 and a 52 week high of $494.71. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $11.11 billion, a P/E ratio of 43.77, a PEG ratio of 1.99 and a beta of 2.13.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.82 by $0.04. The company had revenue of $806.23 million for the quarter, compared to the consensus estimate of $789.08 million. Saia had a net margin of 7.84% and a return on equity of 9.60%. The firm’s revenue was up 2.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.86 earnings per share. Equities research analysts anticipate that Saia, Inc. will post 11.4 earnings per share for the current year.

Analysts Set New Price Targets

SAIA has been the subject of a number of recent analyst reports. Barclays boosted their target price on Saia from $400.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, May 1st. Stifel Nicolaus set a $450.00 price target on shares of Saia in a research note on Friday, May 1st. Citigroup cut shares of Saia from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $516.00 to $524.00 in a report on Monday, June 15th. TD Cowen boosted their price objective on shares of Saia from $367.00 to $445.00 and gave the company a “hold” rating in a report on Friday, May 1st. Finally, Susquehanna increased their price objective on shares of Saia from $425.00 to $465.00 and gave the company a “neutral” rating in a research report on Tuesday, June 2nd. Ten research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $456.94.

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.