Flossbach Von Storch SE Has $7.27 Million Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

Flossbach Von Storch SE lessened its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 5.2% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,792 shares of the transportation company's stock after selling 1,129 shares during the period. Flossbach Von Storch SE owned 0.08% of Saia worth $7,265,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC lifted its stake in Saia by 3.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 744 shares of the transportation company's stock valued at $339,000 after purchasing an additional 26 shares during the last quarter. Core Wealth Advisors Inc. raised its position in shares of Saia by 3.9% in the 4th quarter. Core Wealth Advisors Inc. now owns 700 shares of the transportation company's stock worth $319,000 after acquiring an additional 26 shares in the last quarter. Heritage Family Offices LLP grew its stake in shares of Saia by 4.1% in the 1st quarter. Heritage Family Offices LLP now owns 741 shares of the transportation company's stock worth $259,000 after buying an additional 29 shares during the last quarter. Avantax Advisory Services Inc. boosted its stake in Saia by 4.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 678 shares of the transportation company's stock valued at $309,000 after purchasing an additional 30 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Saia by 172.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock valued at $28,000 after buying an additional 38 shares during the period.

Analyst Ratings Changes

A number of equities research analysts have commented on SAIA shares. BMO Capital Markets cut Saia from an "outperform" rating to a "market perform" rating and decreased their price target for the company from $455.00 to $285.00 in a report on Friday, April 25th. Bank of America boosted their price objective on shares of Saia from $251.00 to $300.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Stifel Nicolaus set a $277.00 price target on shares of Saia in a report on Monday, April 28th. Barclays cut Saia from an "overweight" rating to an "equal weight" rating in a report on Tuesday, April 29th. Finally, Deutsche Bank Aktiengesellschaft lowered 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 sell rating, ten have given a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $335.21.

Saia Trading Up 3.1%

Shares of Saia stock opened at $294.89 on Wednesday. Saia, Inc. has a 1 year low of $229.12 and a 1 year high of $624.55. The firm has a market cap of $7.85 billion, a PE ratio of 24.59, a PEG ratio of 7.53 and a beta of 1.98. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.43 and a quick ratio of 1.43. The company has a 50 day simple moving average of $269.40 and a two-hundred day simple moving average of $362.72.

Saia (NASDAQ:SAIA - Get Free Report) last issued its earnings results on Friday, April 25th. The transportation company reported $1.86 EPS for the quarter, missing the consensus estimate of $2.77 by ($0.91). Saia had a return on equity of 14.21% and a net margin of 9.91%. 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 earned $3.38 earnings per share. The firm's quarterly revenue was up 4.3% compared to the same quarter last year. Analysts expect that Saia, Inc. will post 15.46 earnings per share for the current fiscal 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.

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