B. Metzler seel. Sohn & Co. AG Sells 5,063 Shares of Saia, Inc. $SAIA

Key Points

• B. Metzler seel. Sohn & Co. AG cut its Saia stake by 25% in the second quarter, selling 5,063 shares and retaining 15,208 shares valued at approximately $6.4 million.
• Analyst sentiment remains positive overall, with 13 Buy, six Hold, and one Sell rating. Saia has a consensus rating of “Moderate Buy” and an average price target of $449.67, although several firms recently lowered their targets.
• Saia exceeded quarterly earnings expectations, reporting $3.51 in EPS versus the $3.38 consensus, while revenue rose 17.1% year over year to $956.49 million.

B. Metzler seel. Sohn & Co. AG reduced its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 25.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,208 shares of the transportation company's stock after selling 5,063 shares during the quarter. B. Metzler seel. Sohn & Co. AG owned 0.06% of Saia worth $6,405,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of SAIA. Danske Bank A S bought a new stake in shares of Saia in the 2nd quarter worth approximately $25,000. Caitong International Asset Management Co. Ltd purchased a new stake in Saia during the second quarter valued at about $27,000. Meeder Asset Management Inc. boosted its position in Saia by 360.0% during the second quarter. Meeder Asset Management Inc. now owns 69 shares of the transportation company's stock valued at $29,000 after buying an additional 54 shares during the period. Quarry LP grew its stake in shares of Saia by 8,400.0% during the fourth quarter. Quarry LP now owns 85 shares of the transportation company's stock valued at $28,000 after buying an additional 84 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of Saia during the fourth quarter valued at about $36,000.

Analyst Ratings Changes

A number of research firms have recently weighed in on SAIA. Weiss Ratings reissued a "hold (c)" rating on shares of Saia in a research note on Monday, August 3rd. Morgan Stanley reduced their price target on Saia from $295.00 to $285.00 and set an "underweight" rating on the stock in a research report on Friday, July 31st. TD Cowen decreased their price target on Saia from $445.00 to $400.00 and set a "hold" rating on the stock in a research note on Friday, July 31st. Benchmark reiterated a "buy" rating on shares of Saia in a research report on Wednesday, June 3rd. Finally, Citigroup dropped their price objective on Saia from $488.00 to $423.00 and set a "buy" rating for the company in a research note on Tuesday, August 4th. Thirteen equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Saia has a consensus rating of "Moderate Buy" and a consensus target price of $449.67.

Saia Price Performance

SAIA opened at $345.81 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.58 and a current ratio of 1.58. The stock has a market capitalization of $9.22 billion, a PE ratio of 33.38, a price-to-earnings-growth ratio of 1.49 and a beta of 2.14. The stock's 50 day moving average price is $388.89 and its 200-day moving average price is $404.58. Saia, Inc. has a 52-week low of $249.32 and a 52-week high of $494.71.

Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The transportation company reported $3.51 EPS for the quarter, topping analysts' consensus estimates of $3.38 by $0.13. Saia had a return on equity of 10.21% and a net margin of 8.19%.The company had revenue of $956.49 million during the quarter, compared to analyst estimates of $956.20 million. During the same quarter last year, the firm posted $2.67 earnings per share. The firm's revenue was up 17.1% on a year-over-year basis. On average, equities research analysts predict that Saia, Inc. will post 11.44 EPS for the current year.

About Saia

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company's core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.

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