Saia, Inc. $SAIA Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc decreased its position in Saia, Inc. (NASDAQ:SAIA) by 50.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 14,323 shares of the transportation company’s stock after selling 14,632 shares during the period. Marks Group Wealth Management Inc owned about 0.05% of Saia worth $4,677,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Alliancebernstein L.P. grew its holdings in Saia by 35.4% in the third quarter. Alliancebernstein L.P. now owns 2,273,396 shares of the transportation company’s stock valued at $680,564,000 after purchasing an additional 594,674 shares during the last quarter. Capital International Investors grew its holdings in Saia by 0.8% in the third 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 holdings in Saia by 67.2% in the third 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. Wasatch Advisors LP grew its holdings in Saia by 25.3% in the second quarter. Wasatch Advisors LP now owns 825,687 shares of the transportation company’s stock valued at $226,230,000 after purchasing an additional 166,486 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Saia by 1,300.4% in the third quarter. Invesco Ltd. now owns 701,418 shares of the transportation company’s stock valued at $209,976,000 after purchasing an additional 651,332 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SAIA shares. BMO Capital Markets upped their price objective on Saia from $450.00 to $470.00 and gave the company a “market perform” rating in a research report on Thursday. Weiss Ratings upgraded Saia from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Bank of America upped their price objective on Saia from $413.00 to $429.00 and gave the company a “neutral” rating in a research report on Tuesday, March 3rd. Jefferies Financial Group upped their price objective on Saia from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Finally, UBS Group restated a “buy” rating and issued a $493.00 price objective on shares of Saia in a research report on Wednesday, February 11th. Ten research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $453.56.

Saia Stock Performance

Saia stock opened at $480.68 on Tuesday. The firm has a market capitalization of $12.82 billion, a P/E ratio of 50.49, a PEG ratio of 2.23 and a beta of 2.10. The stock has a fifty day moving average price of $430.42 and a 200 day moving average price of $377.14. Saia, Inc. has a 52 week low of $249.00 and a 52 week high of $489.43. 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 (NASDAQ:SAIA) last released its earnings results on Thursday, April 30th. The transportation company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.82 by $0.04. The firm had revenue of $806.23 million during the quarter, compared to analyst estimates of $789.08 million. Saia had a return on equity of 9.60% and a net margin of 7.84%.The business’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.86 earnings per share. Equities research analysts anticipate that Saia, Inc. will post 11.39 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.