SG Americas Securities LLC Sells 10,557 Shares of Saia, Inc. $SAIA

SG Americas Securities LLC decreased its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 53.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,260 shares of the transportation company’s stock after selling 10,557 shares during the quarter. SG Americas Securities LLC’s holdings in Saia were worth $3,253,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the stock. Alliancebernstein L.P. increased its holdings in shares of Saia by 35.4% during the third quarter. Alliancebernstein L.P. now owns 2,273,396 shares of the transportation company’s stock valued at $680,564,000 after acquiring an additional 594,674 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Saia by 2.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,798,841 shares of the transportation company’s stock worth $587,358,000 after purchasing an additional 43,690 shares in the last quarter. Capital International Investors grew its position in Saia by 0.8% during the 3rd quarter. Capital International Investors now owns 1,419,062 shares of the transportation company’s stock valued at $424,794,000 after purchasing an additional 11,454 shares during the last quarter. Viking Global Investors LP grew its position in Saia by 67.2% during the 3rd quarter. Viking Global Investors LP now owns 1,383,888 shares of the transportation company’s stock valued at $414,281,000 after purchasing an additional 556,229 shares during the last quarter. Finally, Invesco Ltd. increased its stake in Saia by 31.7% during the 4th quarter. Invesco Ltd. now owns 923,912 shares of the transportation company’s stock valued at $301,676,000 after purchasing an additional 222,494 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SAIA. Barclays lifted their target price on shares of Saia from $400.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday, May 1st. Citigroup cut Saia from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $516.00 to $524.00 in a research note on Monday, June 15th. Jefferies Financial Group upped their price target on Saia from $500.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, April 22nd. JPMorgan Chase & Co. increased their price objective on Saia from $465.00 to $490.00 and gave the company an “overweight” rating in a research report on Monday, June 8th. Finally, Weiss Ratings upgraded Saia from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Nine analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Saia presently has a consensus rating of “Hold” and an average target price of $456.94.

Saia Trading Down 1.1%

NASDAQ:SAIA opened at $421.16 on Wednesday. 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 $11.23 billion, a PE ratio of 44.24, a price-to-earnings-growth ratio of 2.03 and a beta of 2.10. The company has a 50 day simple moving average of $451.51 and a two-hundred day simple moving average of $393.88.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share 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 firm had revenue of $806.23 million for the quarter, compared to analysts’ expectations of $789.08 million. During the same period in the prior year, the firm earned $1.86 EPS. The company’s revenue was up 2.4% compared to the same quarter last year. Research analysts forecast that Saia, Inc. will post 11.4 earnings per share for the current 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.