Saia, Inc. (NASDAQ:SAIA) Stake Lessened by Artemis Investment Management LLP

Artemis Investment Management LLP decreased its holdings in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 52.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 119,721 shares of the transportation company's stock after selling 130,061 shares during the quarter. Artemis Investment Management LLP owned approximately 0.45% of Saia worth $41,834,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SAIA. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Saia by 172.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock valued at $28,000 after acquiring an additional 38 shares during the period. Atala Financial Inc bought a new stake in Saia in the 4th quarter valued at about $36,000. Golden State Wealth Management LLC lifted its position in Saia by 127.0% in the 1st quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company's stock valued at $29,000 after purchasing an additional 47 shares during the last quarter. Huntington National Bank boosted its stake in Saia by 291.7% during the 4th quarter. Huntington National Bank now owns 94 shares of the transportation company's stock valued at $43,000 after purchasing an additional 70 shares during the period. Finally, Tortoise Investment Management LLC grew its position in Saia by 76.6% in the 4th quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company's stock worth $51,000 after purchasing an additional 49 shares during the last quarter.

Saia Trading Down 1.1%

Shares of Saia stock traded down $2.94 on Monday, reaching $274.32. 400,232 shares of the company were exchanged, compared to its average volume of 522,689. Saia, Inc. has a fifty-two week low of $229.12 and a fifty-two week high of $624.55. The firm has a market capitalization of $7.31 billion, a price-to-earnings ratio of 22.88, a price-to-earnings-growth ratio of 7.26 and a beta of 2.00. 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 stock has a fifty day moving average price of $270.38 and a 200-day moving average price of $372.62.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings results 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 during the quarter, compared to analysts' expectations of $806.18 million. During the same period in the prior year, the business posted $3.38 EPS. The company's revenue for the quarter was up 4.3% compared to the same quarter last year. On average, analysts expect that Saia, Inc. will post 15.46 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on SAIA shares. Morgan Stanley set a $250.00 price target on Saia in a report on Friday, April 25th. Wells Fargo & Company lowered their target price on Saia from $400.00 to $260.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. JPMorgan Chase & Co. reduced 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. Jefferies Financial Group set a $335.00 price target on Saia and gave the company a "buy" rating in a report on Tuesday, June 10th. Finally, The Goldman Sachs Group upgraded shares of Saia from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $387.00 to $410.00 in a research note on Monday, June 2nd. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $333.84.

About Saia

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.