Saia, Inc. $SAIA Shares Sold by TD Asset Management Inc

TD Asset Management Inc decreased its holdings in Saia, Inc. (NASDAQ:SAIA) by 29.8% in the 2nd quarter, Holdings Channel reports. The firm owned 4,470 shares of the transportation company’s stock after selling 1,894 shares during the period. TD Asset Management Inc’s holdings in Saia were worth $1,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently bought and sold shares of SAIA. AQR Capital Management LLC grew its position in 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 purchasing an additional 612 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of 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 buying an additional 672 shares during the last quarter. California Public Employees Retirement System boosted its stake in shares of Saia by 4.3% during the second quarter. California Public Employees Retirement System now owns 32,543 shares of the transportation company’s stock worth $8,916,000 after buying an additional 1,356 shares during the period. Qube Research & Technologies Ltd acquired a new stake in shares of Saia during the second quarter worth about $11,599,000. Finally, Frontier Capital Management Co. LLC purchased a new position in shares of Saia during the second quarter worth about $13,943,000.

Saia Stock Up 1.1%

Saia stock opened at $384.32 on Friday. The stock’s 50 day moving average price is $416.93 and its 200 day moving average price is $406.56. Saia, Inc. has a 1-year low of $249.32 and a 1-year high of $494.71. The company has a market cap of $10.25 billion, a PE ratio of 37.10, a price-to-earnings-growth ratio of 1.71 and a beta of 2.14. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.58 and a quick ratio of 1.58.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Thursday, July 30th. The transportation company reported $3.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.38 by $0.13. Saia had a return on equity of 10.21% and a net margin of 8.19%.The firm had revenue of $956.49 million during the quarter, compared to analysts’ expectations of $956.20 million. During the same quarter in the prior year, the business posted $2.67 earnings per share. Saia’s revenue was up 17.1% compared to the same quarter last year. On average, sell-side analysts predict that Saia, Inc. will post 11.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Citigroup dropped their price target on Saia from $488.00 to $423.00 and set a “buy” rating on the stock in a research report on Tuesday, August 4th. Evercore raised Saia from an “in-line” rating to an “outperform” rating in a research report on Wednesday, July 1st. Raymond James Financial lowered their target price on Saia from $477.00 to $475.00 and set an “outperform” rating on the stock in a research note on Monday, July 13th. Susquehanna boosted their target price on Saia from $465.00 to $470.00 and gave the company a “neutral” rating in a report on Tuesday, July 14th. Finally, Jefferies Financial Group upped their price target on Saia from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. Thirteen research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Saia currently has an average rating of “Moderate Buy” and an average target price of $449.67.

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.