TD Private Client Wealth LLC Sells 1,128 Shares of Saia, Inc. $SAIA

TD Private Client Wealth LLC reduced its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 24.8% during the fourth quarter, Holdings Channel reports. The fund owned 3,415 shares of the transportation company’s stock after selling 1,128 shares during the period. TD Private Client Wealth LLC’s holdings in Saia were worth $1,115,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Parallel Advisors LLC grew its position in Saia by 7.3% during the third quarter. Parallel Advisors LLC now owns 532 shares of the transportation company’s stock valued at $159,000 after acquiring an additional 36 shares during the last quarter. GHP Investment Advisors Inc. grew its stake in shares of Saia by 0.5% during the third quarter. GHP Investment Advisors Inc. now owns 8,182 shares of the transportation company’s stock valued at $2,449,000 after buying an additional 38 shares during the last quarter. Boothbay Fund Management LLC grew its stake in shares of Saia by 3.2% during the second quarter. Boothbay Fund Management LLC now owns 1,401 shares of the transportation company’s stock valued at $384,000 after buying an additional 43 shares during the last quarter. Vident Advisory LLC increased its holdings in shares of Saia by 4.4% in the second quarter. Vident Advisory LLC now owns 1,075 shares of the transportation company’s stock worth $295,000 after buying an additional 45 shares during the period. Finally, Park Avenue Securities LLC increased its holdings in shares of Saia by 2.0% in the fourth quarter. Park Avenue Securities LLC now owns 2,369 shares of the transportation company’s stock worth $774,000 after buying an additional 46 shares during the period.

Saia Price Performance

SAIA opened at $466.47 on Thursday. The stock has a 50-day moving average price of $394.49 and a 200-day moving average price of $359.68. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.52 and a quick ratio of 1.52. The firm has a market cap of $12.44 billion, a PE ratio of 49.00, a P/E/G ratio of 2.14 and a beta of 2.12. Saia, Inc. has a 1 year low of $248.37 and a 1 year high of $471.73.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, topping 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%.Saia’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.86 EPS. Sell-side analysts predict that Saia, Inc. will post 11.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SAIA shares. Wolfe Research upgraded Saia from a “peer perform” rating to an “outperform” rating in a report on Tuesday, April 7th. Citigroup increased their target price on Saia from $428.00 to $516.00 and gave the company a “buy” rating in a report on Monday, May 4th. UBS Group restated a “buy” rating and issued a $493.00 target price on shares of Saia in a report on Wednesday, February 11th. Evercore set a $476.00 target price on shares of Saia in a report on Friday, May 1st. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $441.00 target price on shares of Saia in a report on Thursday, April 30th. Ten research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $444.94.

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.