Allspring Global Investments Holdings LLC Decreases Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

Allspring Global Investments Holdings LLC decreased its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 3.9% in the 1st quarter, according to its most recent 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 quarter. Allspring Global Investments Holdings LLC owned 0.95% of Saia worth $89,278,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Saia by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 2,522,938 shares of the transportation company's stock valued at $1,149,779,000 after buying an additional 25,090 shares during the period. Alliancebernstein L.P. increased its position in shares of Saia by 69.3% in the fourth quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company's stock worth $883,941,000 after purchasing an additional 794,197 shares during the period. Voya Investment Management LLC lifted its position in Saia by 15.2% during the fourth quarter. Voya Investment Management LLC now owns 374,402 shares of the transportation company's stock worth $170,598,000 after purchasing an additional 49,442 shares during the period. Balyasny Asset Management L.P. grew its stake in Saia by 24,815.0% during the fourth 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 in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Saia by 76.2% during the fourth 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 in the last quarter.

Saia Trading Up 2.8%

SAIA traded up $8.14 during trading on Wednesday, reaching $294.11. 478,748 shares of the stock traded hands, compared to its average volume of 524,166. The stock's 50-day moving average is $268.42 and its 200 day moving average is $370.25. Saia, Inc. has a 12 month low of $229.12 and a 12 month high of $624.55. The stock has a market capitalization of $7.83 billion, a PE ratio of 24.53, a P/E/G ratio of 7.18 and a beta of 1.98. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.12.

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

Analyst Ratings Changes

A number of analysts have recently weighed in on SAIA shares. Stephens downgraded shares of Saia from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $515.00 to $255.00 in a report on Tuesday, April 29th. Citigroup raised their target price on Saia from $288.00 to $317.00 and gave the company a "buy" rating in a report on Friday, May 30th. UBS Group dropped their price objective on Saia from $422.00 to $305.00 and set a "buy" rating for the company in a research report on Monday, April 28th. Stifel Nicolaus set a $277.00 target price on Saia in a research note on Monday, April 28th. Finally, Barclays downgraded shares of Saia from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, April 29th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target 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.