Artemis Investment Management LLP Lowers Holdings in Saia, Inc. (NASDAQ:SAIA)

Artemis Investment Management LLP trimmed its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 52.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 119,721 shares of the transportation company's stock after selling 130,061 shares during the quarter. Artemis Investment Management LLP owned about 0.45% of Saia worth $41,834,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SAIA. Interval Partners LP purchased a new position in Saia during the fourth quarter valued at $89,229,000. Driehaus Capital Management LLC raised its position in 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 purchasing an additional 6,274 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Saia by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 226,137 shares of the transportation company's stock worth $103,057,000 after buying an additional 4,972 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Saia by 13.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,804 shares of the transportation company's stock worth $3,101,000 after purchasing an additional 788 shares during the period. Finally, Neuberger Berman Group LLC lifted its stake in shares of Saia by 128.8% during the 4th quarter. Neuberger Berman Group LLC now owns 82,000 shares of the transportation company's stock worth $37,370,000 after acquiring an additional 46,157 shares during the last quarter.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Morgan Stanley set a $250.00 price objective on Saia in a report on Friday, April 25th. Stifel Nicolaus set a $277.00 price objective on shares of Saia in a research note on Monday, April 28th. UBS Group dropped their price target on shares of Saia from $422.00 to $305.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. The Goldman Sachs Group upgraded Saia from a "neutral" rating to a "buy" rating and raised their price objective for the company from $387.00 to $410.00 in a report on Monday, June 2nd. Finally, JPMorgan Chase & Co. dropped their price target on Saia from $436.00 to $299.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $333.84.

Saia Trading Up 0.2%

Shares of SAIA stock opened at $270.74 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $7.21 billion, a P/E ratio of 22.58, a P/E/G ratio of 7.08 and a beta of 2.00. Saia, Inc. has a 12-month low of $229.12 and a 12-month high of $624.55. The firm has a 50-day moving average price of $271.52 and a 200 day moving average price of $376.39.

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 (EPS) for the quarter, missing analysts' consensus estimates of $2.77 by ($0.91). The business had revenue of $787.58 million during the quarter, compared to analyst estimates of $806.18 million. Saia had a net margin of 9.91% and a return on equity of 14.21%. Saia's revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter last year, the business earned $3.38 earnings per share. Research analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Saia 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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