Handelsinvest Investeringsforvaltning Sells 313 Shares of Saia, Inc. (NASDAQ:SAIA)

Handelsinvest Investeringsforvaltning cut its holdings in Saia, Inc. (NASDAQ:SAIA) by 34.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 603 shares of the transportation company’s stock after selling 313 shares during the period. Handelsinvest Investeringsforvaltning’s holdings in Saia were worth $353,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of SAIA. Mariner LLC boosted its holdings in Saia by 7.9% in the 3rd quarter. Mariner LLC now owns 1,580 shares of the transportation company’s stock worth $630,000 after buying an additional 116 shares during the period. Federated Hermes Inc. boosted its holdings in Saia by 5.5% in the 3rd quarter. Federated Hermes Inc. now owns 3,411 shares of the transportation company’s stock worth $1,360,000 after buying an additional 177 shares during the period. Teza Capital Management LLC boosted its holdings in Saia by 46.6% in the 3rd quarter. Teza Capital Management LLC now owns 1,504 shares of the transportation company’s stock worth $600,000 after buying an additional 478 shares during the period. Gotham Asset Management LLC bought a new position in Saia in the 3rd quarter worth approximately $1,141,000. Finally, Lazard Asset Management LLC boosted its holdings in Saia by 948.5% in the 3rd quarter. Lazard Asset Management LLC now owns 3,156 shares of the transportation company’s stock worth $1,258,000 after buying an additional 2,855 shares during the period.

Insider Buying and Selling

In other news, Director John P. Gainor, Jr. acquired 500 shares of the firm’s stock in a transaction on Thursday, May 2nd. The shares were purchased at an average price of $407.00 per share, for a total transaction of $203,500.00. Following the completion of the transaction, the director now owns 900 shares of the company’s stock, valued at $366,300. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SAIA. StockNews.com downgraded shares of Saia from a “hold” rating to a “sell” rating in a report on Monday, April 29th. Wolfe Research downgraded shares of Saia from an “outperform” rating to a “peer perform” rating in a report on Thursday, April 11th. Susquehanna cut their price target on shares of Saia from $610.00 to $550.00 and set a “positive” rating for the company in a report on Wednesday, June 12th. Raymond James cut their price target on shares of Saia from $540.00 to $520.00 and set an “outperform” rating for the company in a report on Monday, June 24th. Finally, BMO Capital Markets raised their price target on shares of Saia from $490.00 to $500.00 and gave the company a “market perform” rating in a report on Thursday, June 13th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, Saia presently has an average rating of “Hold” and a consensus target price of $498.00.

Saia Price Performance

Shares of NASDAQ:SAIA opened at $470.22 on Thursday. The stock has a market cap of $12.50 billion, a PE ratio of 34.07, a PEG ratio of 1.67 and a beta of 1.72. The company’s fifty day moving average is $429.06 and its 200 day moving average is $489.34. Saia, Inc. has a 52 week low of $331.23 and a 52 week high of $628.34. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.04.

Saia (NASDAQ:SAIA) last issued its earnings results on Friday, April 26th. The transportation company reported $3.38 EPS for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.05). The business had revenue of $754.80 million during the quarter, compared to analysts’ expectations of $772.36 million. Saia had a return on equity of 19.53% and a net margin of 12.42%. Saia’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.85 EPS. Research analysts anticipate that Saia, Inc. will post 15.31 earnings per share for the current year.

Saia Company Profile

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.