CW Advisors LLC Lowers Stock Position in Saia, Inc. $SAIA

Key Points

• CW Advisors LLC has sold 4,354 shares of Saia, Inc., reducing its stake in the transportation company by 13.7%, now owning 27,483 shares valued at approximately $9.6 million.
• Multiple hedge funds have altered their investments in Saia, with notables including Core Wealth Advisors and Heritage Family Offices increasing their stakes by 3.9% and 4.1%, respectively.
• Saia's quarterly earnings revealed an EPS of $2.67, exceeding analysts' expectations, but its revenue declined by 0.7% compared to the previous year.

CW Advisors LLC reduced its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 13.7% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 27,483 shares of the transportation company's stock after selling 4,354 shares during the period. CW Advisors LLC owned approximately 0.10% of Saia worth $9,604,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Price T Rowe Associates Inc. MD grew its stake in shares of Saia by 11.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,831,614 shares of the transportation company's stock worth $989,452,000 after buying an additional 288,746 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Saia by 22.9% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 342,363 shares of the transportation company's stock worth $119,632,000 after buying an additional 63,861 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of Saia by 118.1% in the 1st quarter. Hsbc Holdings PLC now owns 2,270 shares of the transportation company's stock worth $791,000 after buying an additional 1,229 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of Saia by 11.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,550 shares of the transportation company's stock worth $891,000 after buying an additional 254 shares in the last quarter. Finally, Algert Global LLC purchased a new position in shares of Saia during the 1st quarter worth about $4,441,000.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wolfe Research upgraded shares of Saia from a "hold" rating to a "strong-buy" rating in a report on Sunday, June 8th. Citigroup reaffirmed a "buy" rating and issued a $393.00 price target (up previously from $350.00) on shares of Saia in a research report on Monday, July 28th. Susquehanna upped their price target on shares of Saia from $275.00 to $340.00 and gave the stock a "neutral" rating in a research report on Monday, July 28th. Stephens upped their price target on shares of Saia from $274.00 to $300.00 and gave the stock an "equal weight" rating in a research report on Tuesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Saia from a "buy" rating to a "hold" rating and set a $273.00 price target for the company. in a research report on Thursday, May 1st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and eleven have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $347.16.

Saia Stock Performance

Saia stock traded down $4.67 during mid-day trading on Wednesday, reaching $303.11. 108,657 shares of the company traded hands, compared to its average volume of 647,172. The firm's fifty day moving average is $294.02 and its two-hundred day moving average is $319.84. The company has a market capitalization of $8.07 billion, a price-to-earnings ratio of 28.08, a price-to-earnings-growth ratio of 14.23 and a beta of 1.99. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 1.49. Saia, Inc. has a fifty-two week low of $229.12 and a fifty-two week high of $624.55.

Saia (NASDAQ:SAIA - Get Free Report) last released its quarterly earnings data on Friday, July 25th. The transportation company reported $2.67 EPS for the quarter, beating the consensus estimate of $2.39 by $0.28. The business had revenue of $817.12 million for the quarter, compared to the consensus estimate of $826.59 million. Saia had a net margin of 8.96% and a return on equity of 12.42%. The business's revenue for the quarter was down .7% on a year-over-year basis. During the same period in the prior year, the firm earned $3.83 EPS. On average, equities research analysts expect that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

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.