AE Wealth Management LLC Sells 1,377 Shares of 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 cut its holdings in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 35.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund 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 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in SAIA. Commonwealth Equity Services LLC lifted its holdings in Saia by 4.4% during the fourth quarter. Commonwealth Equity Services LLC now owns 2,614 shares of the transportation company's stock valued at $1,191,000 after purchasing an additional 109 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in Saia during the fourth quarter valued at about $544,000. LPL Financial LLC lifted its holdings in shares of Saia by 22.6% in the fourth quarter. LPL Financial LLC now owns 25,381 shares of the transportation company's stock worth $11,567,000 after buying an additional 4,679 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Saia by 172.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock worth $28,000 after buying an additional 38 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Saia in the fourth quarter worth about $64,410,000.

Saia Price Performance

NASDAQ SAIA traded down $12.98 on Friday, reaching $289.27. 310,635 shares of the company's stock traded hands, compared to its average volume of 662,627. Saia, Inc. has a 12 month low of $229.12 and a 12 month high of $624.55. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 1.43. The stock has a 50-day simple moving average of $280.97 and a 200 day simple moving average of $344.79. The stock has a market cap of $7.71 billion, a PE ratio of 26.70, a P/E/G ratio of 13.96 and a beta of 1.98.

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SAIA. Barclays increased their price target on shares of Saia from $315.00 to $350.00 and gave the stock an "overweight" rating in a report on Monday. Morgan Stanley set a $250.00 price target on shares of Saia in a report on Friday, April 25th. Bank of America increased their price target on shares of Saia from $251.00 to $300.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. BMO Capital Markets downgraded shares of Saia from an "outperform" rating to a "market perform" rating and lowered their price target for the stock from $455.00 to $285.00 in a report on Friday, April 25th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Saia from a "buy" rating to a "hold" rating and set a $273.00 price target on the stock. in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Saia has a consensus rating of "Hold" and a consensus target price of $347.16.

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.