AE Wealth Management LLC Has $869,000 Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

Key Points

• AE Wealth Management LLC reduced its stake in Saia, Inc. by 35.6%, leaving it with $869,000 in stock holdings.
• Saia's recent earnings report showed a decrease in revenue year-over-year, with $2.67 EPS exceeding analyst expectations of $2.39.
• Recent analyst reports have seen target price increases, with Benchmark raising their target from $325 to $360 and JPMorgan from $295 to $380, indicating a generally positive sentiment towards the stock.

AE Wealth Management LLC reduced its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 35.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,488 shares of the transportation company's stock after selling 1,377 shares during the quarter. AE Wealth Management LLC's holdings in Saia were worth $869,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Interval Partners LP bought a new stake in Saia during the 4th quarter worth approximately $89,229,000. Driehaus Capital Management LLC boosted its position in shares of Saia by 9.0% during the fourth quarter. Driehaus Capital Management LLC now owns 75,726 shares of the transportation company's stock valued at $34,511,000 after buying an additional 6,274 shares during the last quarter. Neuberger Berman Group LLC grew its holdings in Saia by 128.8% during the fourth quarter. Neuberger Berman Group LLC now owns 82,000 shares of the transportation company's stock worth $37,370,000 after buying an additional 46,157 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in Saia in the 4th quarter valued at $908,000. Finally, Raymond James Financial Inc. bought a new position in Saia during the 4th quarter valued at $46,514,000.

Saia Stock Down 3.1%

Shares of NASDAQ SAIA opened at $323.23 on Tuesday. The company has a current ratio of 1.49, a quick ratio of 1.43 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average of $278.85 and a 200-day moving average of $346.42. The firm has a market capitalization of $8.61 billion, a price-to-earnings ratio of 29.85, a PEG ratio of 11.56 and a beta of 1.98. Saia, Inc. has a 12 month low of $229.12 and a 12 month high of $624.55.

Saia (NASDAQ:SAIA - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The transportation company reported $2.67 EPS for the quarter, topping analysts' consensus estimates of $2.39 by $0.28. The business had revenue of $817.12 million during the quarter, compared to analysts' expectations of $826.59 million. Saia had a net margin of 8.96% and a return on equity of 12.42%. The business's quarterly revenue was down .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.83 EPS. Sell-side analysts expect that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

SAIA has been the subject of several recent analyst reports. Benchmark upped their target price on shares of Saia from $325.00 to $360.00 and gave the stock a "buy" rating in a research note on Monday. JPMorgan Chase & Co. upped their price objective on shares of Saia from $295.00 to $380.00 and gave the stock an "overweight" rating in a research report on Monday. Barclays set a $350.00 price objective on shares of Saia and gave the company an "overweight" rating in a research note on Monday. Bank of America boosted their target price on Saia from $251.00 to $300.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Finally, Wolfe Research raised Saia from a "hold" rating to a "strong-buy" rating in a research report on Sunday, June 8th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $344.79.

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.

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