Saia, Inc. (NASDAQ:SAIA) Shares Sold by Congress Asset Management Co.

Congress Asset Management Co. reduced its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 11.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 222,007 shares of the transportation company's stock after selling 29,543 shares during the period. Congress Asset Management Co. owned approximately 0.83% of Saia worth $77,576,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kestra Investment Management LLC acquired a new stake in shares of Saia during the fourth quarter worth $25,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake 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 worth $28,000 after buying an additional 38 shares during the period. Atala Financial Inc acquired a new stake in shares of Saia during the fourth quarter worth $36,000. Huntington National Bank lifted its stake in shares of Saia by 291.7% during the fourth quarter. Huntington National Bank now owns 94 shares of the transportation company's stock worth $43,000 after buying an additional 70 shares during the period. Finally, NBC Securities Inc. acquired a new stake in shares of Saia during the first quarter worth $43,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Susquehanna lowered their price objective on shares of Saia from $540.00 to $410.00 and set a "neutral" rating for the company in a research note on Monday, March 31st. Evercore ISI reduced their target price on shares of Saia from $415.00 to $298.00 and set an "outperform" rating for the company in a report on Monday, April 28th. Deutsche Bank Aktiengesellschaft cut shares of Saia from a "buy" rating to a "hold" rating and set a $273.00 target price for the company. in a report on Thursday, May 1st. Stifel Nicolaus set a $277.00 target price on shares of Saia in a report on Monday, April 28th. Finally, UBS Group reduced their target price on shares of Saia from $422.00 to $305.00 and set a "buy" rating for the company in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Saia has an average rating of "Hold" and an average target price of $340.16.

Saia Stock Performance

SAIA traded down $2.02 on Friday, reaching $251.43. The stock had a trading volume of 826,728 shares, compared to its average volume of 500,891. Saia, Inc. has a 12-month low of $229.12 and a 12-month high of $624.55. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The business's 50-day moving average price is $292.59 and its two-hundred day moving average price is $403.64. The company has a market cap of $6.70 billion, a P/E ratio of 18.61, a price-to-earnings-growth ratio of 2.24 and a beta of 2.00.

Saia (NASDAQ:SAIA - Get Free Report) last released 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 net margin of 11.28% and a return on equity of 16.63%. The firm had revenue of $787.58 million during the quarter, compared to analysts' expectations of $806.18 million. During the same period in the previous year, the firm posted $3.38 EPS. The firm's quarterly revenue was up 4.3% on a year-over-year basis. Sell-side analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current year.

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.