WCM Investment Management LLC Sells 1,423 Shares of Saia, Inc. $SAIA

WCM Investment Management LLC decreased its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 2.3% during the first quarter, Holdings Channel.com reports. The fund owned 61,566 shares of the transportation company’s stock after selling 1,423 shares during the period. WCM Investment Management LLC’s holdings in Saia were worth $20,687,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SAIA. Quarry LP lifted its holdings in Saia by 8,400.0% during the fourth quarter. Quarry LP now owns 85 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 84 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Saia during the fourth quarter worth $36,000. Torren Management LLC acquired a new stake in shares of Saia in the fourth quarter valued at about $40,000. Allworth Financial LP raised its position in shares of Saia by 69.0% in the third quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock valued at $43,000 after buying an additional 58 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in Saia by 1,612.5% in the 4th quarter. Larson Financial Group LLC now owns 137 shares of the transportation company’s stock worth $45,000 after purchasing an additional 129 shares in the last quarter.

Saia Stock Performance

NASDAQ SAIA opened at $436.85 on Monday. The firm’s 50 day moving average price is $446.86 and its two-hundred day moving average price is $402.14. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.52 and a current ratio of 1.52. Saia, Inc. has a twelve month low of $249.32 and a twelve month high of $494.71. The stock has a market cap of $11.65 billion, a price-to-earnings ratio of 45.89, a PEG ratio of 2.05 and a beta of 2.13.

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

Analysts Set New Price Targets

Several brokerages recently weighed in on SAIA. Wells Fargo & Company increased their target price on Saia from $445.00 to $490.00 and gave the stock an “equal weight” rating in a research report on Friday, June 5th. UBS Group raised their price objective on Saia from $493.00 to $527.00 and gave the stock a “buy” rating in a report on Tuesday, July 7th. Raymond James Financial lowered their price target on Saia from $477.00 to $475.00 and set an “outperform” rating for the company in a report on Monday, July 13th. Bank of America raised Saia from a “neutral” rating to a “buy” rating and raised their price objective for the company from $499.00 to $502.00 in a research report on Monday, July 13th. Finally, Benchmark reissued a “buy” rating on shares of Saia in a research report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Saia has an average rating of “Moderate Buy” and a consensus target price of $462.72.

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.