Allspring Global Investments Holdings LLC Cuts Position in Saia, Inc. (NASDAQ:SAIA)

Allspring Global Investments Holdings LLC lessened its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 3.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 251,651 shares of the transportation company's stock after selling 10,152 shares during the period. Allspring Global Investments Holdings LLC owned about 0.95% of Saia worth $89,278,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Alliancebernstein L.P. boosted its holdings in Saia by 69.3% in the 4th quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company's stock worth $883,941,000 after buying an additional 794,197 shares during the last quarter. Balyasny Asset Management L.P. boosted its holdings in Saia by 24,815.0% in the 4th quarter. Balyasny Asset Management L.P. now owns 372,728 shares of the transportation company's stock worth $169,863,000 after buying an additional 371,232 shares during the last quarter. Select Equity Group L.P. acquired a new stake in Saia in the 4th quarter worth about $137,199,000. Interval Partners LP acquired a new stake in Saia in the 4th quarter worth about $89,229,000. Finally, Ameriprise Financial Inc. boosted its holdings in Saia by 76.2% in the 4th quarter. Ameriprise Financial Inc. now owns 355,929 shares of the transportation company's stock worth $162,213,000 after buying an additional 153,896 shares during the last quarter.

Saia Stock Up 2.4%

Saia stock opened at $277.26 on Friday. Saia, Inc. has a twelve month low of $229.12 and a twelve month high of $624.55. The stock's fifty day simple moving average is $270.38 and its 200-day simple moving average is $373.67. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $7.38 billion, a P/E ratio of 23.12, a P/E/G ratio of 7.26 and a beta of 2.00.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The transportation company reported $1.86 earnings per share for the quarter, missing analysts' consensus estimates of $2.77 by ($0.91). Saia had a return on equity of 14.21% and a net margin of 9.91%. The company had revenue of $787.58 million for the quarter, compared to analysts' expectations of $806.18 million. During the same period in the prior year, the company posted $3.38 EPS. The firm's revenue was up 4.3% compared to the same quarter last year. As a group, equities analysts expect that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on SAIA. UBS Group lowered their target price on Saia from $422.00 to $305.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Raymond James Financial set a $310.00 target price on Saia and gave the stock an "outperform" rating in a report on Monday, April 28th. BMO Capital Markets cut Saia from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $455.00 to $285.00 in a report on Friday, April 25th. Stifel Nicolaus set a $277.00 target price on Saia in a report on Monday, April 28th. Finally, Deutsche Bank Aktiengesellschaft cut Saia from a "buy" rating to a "hold" rating and set a $273.00 target price on the stock. in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $333.84.

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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