Legacy Wealth Asset Management LLC Has $410,000 Position in Saia, Inc. (NASDAQ:SAIA)

Legacy Wealth Asset Management LLC reduced its position in shares of Saia, Inc. (NASDAQ:SAIA) by 13.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 700 shares of the transportation company’s stock after selling 109 shares during the quarter. Legacy Wealth Asset Management LLC’s holdings in Saia were worth $410,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in SAIA. Mariner LLC grew its holdings in shares of Saia by 7.9% during the 3rd quarter. Mariner LLC now owns 1,580 shares of the transportation company’s stock valued at $630,000 after acquiring an additional 116 shares in the last quarter. Gotham Asset Management LLC purchased a new position in shares of Saia during the 3rd quarter valued at $1,141,000. Lazard Asset Management LLC grew its holdings in shares of Saia by 948.5% during the 3rd quarter. Lazard Asset Management LLC now owns 3,156 shares of the transportation company’s stock valued at $1,258,000 after acquiring an additional 2,855 shares in the last quarter. Axxcess Wealth Management LLC purchased a new position in shares of Saia during the 3rd quarter valued at $229,000. Finally, Ameriprise Financial Inc. grew its holdings in shares of Saia by 65.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 153,382 shares of the transportation company’s stock valued at $61,146,000 after acquiring an additional 60,778 shares in the last quarter.

Insider Activity

In related news, Director John P. Gainor, Jr. acquired 500 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was acquired at an average price of $407.00 per share, with a total value 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.30% of the stock is owned by company insiders.

Saia Stock Up 0.8 %

Shares of SAIA opened at $470.22 on Friday. The company has a 50-day simple moving average of $427.60 and a 200-day simple moving average of $489.21. The firm has a market capitalization of $12.50 billion, a P/E ratio of 34.07, a P/E/G ratio of 1.68 and a beta of 1.72. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.23 and a current ratio of 1.23. Saia, Inc. has a 52 week low of $331.23 and a 52 week high of $628.34.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data 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 company had revenue of $754.80 million for the quarter, compared to analyst estimates of $772.36 million. Saia had a net margin of 12.42% and a return on equity of 19.53%. The firm’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.85 EPS. On average, equities research analysts expect that Saia, Inc. will post 15.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SAIA shares. TD Cowen boosted their price target on shares of Saia from $473.00 to $475.00 and gave the company a “hold” rating in a report on Thursday, June 6th. Wells Fargo & Company began coverage on shares of Saia in a report on Friday, June 7th. They issued an “equal weight” rating and a $445.00 price objective for the company. BMO Capital Markets upped their price objective on shares of Saia from $490.00 to $500.00 and gave the stock a “market perform” rating in a report on Thursday, June 13th. Wolfe Research cut shares of Saia from an “outperform” rating to a “peer perform” rating in a report on Thursday, April 11th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of Saia from $676.00 to $580.00 and set an “overweight” rating for the company in a report on Monday, April 29th. 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $498.00.

About Saia

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.