DAVENPORT & Co LLC Sells 26,544 Shares of Saia, Inc. (NASDAQ:SAIA)

DAVENPORT & Co LLC trimmed its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 88.6% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,402 shares of the transportation company's stock after selling 26,544 shares during the quarter. DAVENPORT & Co LLC's holdings in Saia were worth $1,189,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Interval Partners LP bought a new position in Saia in the fourth quarter valued at approximately $89,229,000. Driehaus Capital Management LLC raised its stake in shares of Saia by 9.0% in the 4th 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. boosted its position in shares of Saia by 2.2% during 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 period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Saia by 13.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,804 shares of the transportation company's stock worth $3,101,000 after buying an additional 788 shares in the last quarter. Finally, Neuberger Berman Group LLC boosted its position in 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.

Saia Stock Performance

NASDAQ SAIA traded up $11.09 on Tuesday, hitting $296.98. 212,997 shares of the stock traded hands, compared to its average volume of 526,862. The firm has a market capitalization of $7.91 billion, a price-to-earnings ratio of 24.77, a PEG ratio of 7.72 and a beta of 1.98. The business's fifty day moving average is $268.24 and its two-hundred day moving average is $363.20. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.43 and a current ratio of 1.43. Saia, Inc. has a 12 month low of $229.12 and a 12 month high of $624.55.

Saia (NASDAQ:SAIA - Get Free Report) last issued its earnings results 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). Saia had a net margin of 9.91% and a return on equity of 14.21%. The business had revenue of $787.58 million for the quarter, compared to the consensus estimate of $806.18 million. During the same period in the previous year, the firm earned $3.38 EPS. The company's revenue was up 4.3% compared to the same quarter last year. As a group, equities analysts anticipate that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. BMO Capital Markets lowered Saia from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $455.00 to $285.00 in a report on Friday, April 25th. Raymond James Financial set a $310.00 target price on Saia and gave the stock an "outperform" rating in a research note on Monday, April 28th. Bank of America increased their price target on Saia from $251.00 to $300.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Barclays cut shares of Saia from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, April 29th. Finally, JPMorgan Chase & Co. increased their target price on Saia from $285.00 to $295.00 and gave the stock an "overweight" rating in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $335.21.

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.