Saia, Inc. $SAIA Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC reduced its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 19.2% during the 1st quarter, HoldingsChannel reports. The fund owned 118,743 shares of the transportation company’s stock after selling 28,252 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Saia were worth $42,140,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SAIA. AQR Capital Management LLC increased its holdings in shares of Saia by 52.4% during the 1st quarter. AQR Capital Management LLC now owns 1,781 shares of the transportation company’s stock worth $622,000 after buying an additional 612 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in Saia by 334.3% in the first quarter. Jones Financial Companies Lllp now owns 873 shares of the transportation company’s stock valued at $305,000 after acquiring an additional 672 shares during the last quarter. California Public Employees Retirement System boosted its holdings in Saia by 4.3% in the second quarter. California Public Employees Retirement System now owns 32,543 shares of the transportation company’s stock valued at $8,916,000 after acquiring an additional 1,356 shares during the last quarter. Qube Research & Technologies Ltd purchased a new stake in Saia during the second quarter valued at about $11,599,000. Finally, Frontier Capital Management Co. LLC purchased a new stake in Saia during the second quarter valued at about $13,943,000.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Barclays upped their price target on Saia from $400.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, May 1st. The Goldman Sachs Group boosted their target price on Saia from $441.00 to $494.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. BMO Capital Markets increased their target price on shares of Saia from $450.00 to $470.00 and gave the stock a “market perform” rating in a research report on Thursday, June 4th. TD Cowen increased their target price on shares of Saia from $367.00 to $445.00 and gave the stock a “hold” rating in a research report on Friday, May 1st. Finally, Weiss Ratings upgraded shares of Saia from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Saia has a consensus rating of “Moderate Buy” and an average price target of $462.72.

Saia Stock Down 0.3%

Shares of NASDAQ SAIA opened at $436.85 on Friday. The stock has a fifty day moving average price of $446.86 and a 200 day moving average price of $401.64. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.04. Saia, Inc. has a 12-month low of $249.32 and a 12-month high of $494.71. The company has a market cap of $11.65 billion, a P/E ratio of 45.89, a P/E/G ratio of 2.05 and a beta of 2.13.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.86 EPS 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 company had revenue of $806.23 million for the quarter, compared to analysts’ expectations of $789.08 million. During the same quarter in the previous year, the firm posted $1.86 earnings per share. The firm’s quarterly revenue was up 2.4% on a year-over-year basis. Research analysts anticipate that Saia, Inc. will post 11.42 EPS for the current fiscal year.

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.