Janney Montgomery Scott LLC Sells 1,406 Shares of Saia, Inc. (NASDAQ:SAIA)

Janney Montgomery Scott LLC decreased its holdings in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 9.4% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 13,531 shares of the transportation company's stock after selling 1,406 shares during the period. Janney Montgomery Scott LLC owned approximately 0.05% of Saia worth $4,728,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in SAIA. Redhawk Wealth Advisors Inc. lifted its stake in Saia by 1.7% during the first quarter. Redhawk Wealth Advisors Inc. now owns 6,898 shares of the transportation company's stock worth $2,410,000 after purchasing an additional 115 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in Saia by 13.8% during the first quarter. Handelsbanken Fonder AB now owns 8,258 shares of the transportation company's stock worth $2,886,000 after purchasing an additional 1,000 shares during the last quarter. SG Americas Securities LLC lifted its stake in Saia by 966.1% during the first quarter. SG Americas Securities LLC now owns 2,921 shares of the transportation company's stock worth $1,021,000 after purchasing an additional 2,647 shares during the last quarter. GAMMA Investing LLC lifted its stake in Saia by 20.2% during the first quarter. GAMMA Investing LLC now owns 441 shares of the transportation company's stock worth $154,000 after purchasing an additional 74 shares during the last quarter. Finally, Harbor Capital Advisors Inc. lifted its stake in Saia by 10.3% during the first quarter. Harbor Capital Advisors Inc. now owns 10,841 shares of the transportation company's stock worth $3,788,000 after purchasing an additional 1,015 shares during the last quarter.

Saia Stock Down 1.6%

Shares of NASDAQ:SAIA opened at $256.40 on Monday. Saia, Inc. has a 1 year low of $229.12 and a 1 year high of $624.55. The company has a market cap of $6.83 billion, a PE ratio of 21.38, a P/E/G ratio of 6.67 and a beta of 2.00. 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 stock's 50-day moving average is $276.29 and its 200 day moving average is $381.27.

Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly 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 analysts' expectations of $806.18 million. During the same quarter in the prior year, the firm earned $3.38 EPS. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. Sell-side analysts anticipate that Saia, Inc. will post 15.46 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SAIA shares. Raymond James Financial set a $310.00 price target on Saia and gave the stock an "outperform" rating in a research note on Monday, April 28th. Wolfe Research raised Saia from a "hold" rating to a "strong-buy" rating in a research note on Sunday, June 8th. Barclays lowered Saia from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, April 29th. Evercore ISI decreased their price objective on Saia from $415.00 to $298.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. Finally, Morgan Stanley set a $250.00 price objective on Saia in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $333.84.

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.

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