Natixis Advisors LLC Trims Stake in Saia, Inc. (NASDAQ:SAIA)

Key Points

• Natixis Advisors LLC reduced its holdings in Saia, Inc. by 18.3%, now owning about 0.48% of the company valued at $45 million after selling nearly 29,000 shares in the first quarter.
• Several hedge funds have increased their positions in Saia, with Mitsubishi UFJ Asset Management raising theirs by 172.7% in the fourth quarter, showcasing renewed interest in the stock.
• Analysts have varied ratings on Saia, with multiple firms raising target prices, such as Susquehanna increasing their target from $275 to $340, and a consensus rating of "Hold" with a target price of $347.16 reported.

Natixis Advisors LLC trimmed its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 18.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 128,988 shares of the transportation company's stock after selling 28,940 shares during the quarter. Natixis Advisors LLC owned 0.48% of Saia worth $45,073,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Core Wealth Advisors Inc. increased its holdings in shares of Saia by 3.9% in the fourth quarter. Core Wealth Advisors Inc. now owns 700 shares of the transportation company's stock valued at $319,000 after purchasing an additional 26 shares during the period. Heritage Family Offices LLP grew its holdings in Saia by 4.1% during the first quarter. Heritage Family Offices LLP now owns 741 shares of the transportation company's stock worth $259,000 after acquiring an additional 29 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in 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 acquiring an additional 38 shares during the period. Golden State Wealth Management LLC grew its holdings in Saia by 127.0% during the first quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company's stock worth $29,000 after acquiring an additional 47 shares during the period. Finally, Portside Wealth Group LLC grew its holdings in Saia by 4.6% during the first quarter. Portside Wealth Group LLC now owns 1,206 shares of the transportation company's stock worth $421,000 after acquiring an additional 53 shares during the period.

Saia Stock Down 0.8%

SAIA traded down $2.44 on Tuesday, hitting $298.37. 284,955 shares of the company were exchanged, compared to its average volume of 660,200. Saia, Inc. has a twelve month low of $229.12 and a twelve month high of $624.55. The company has a market cap of $7.95 billion, a price-to-earnings ratio of 27.70, a price-to-earnings-growth ratio of 13.51 and a beta of 1.99. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average price of $282.27 and a two-hundred day moving average price of $340.24.

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

Wall Street Analyst Weigh In

SAIA has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft downgraded Saia from a "buy" rating to a "hold" rating and set a $273.00 price target on the stock. in a research report on Thursday, May 1st. Barclays set a $350.00 price target on Saia and gave the stock an "overweight" rating in a research report on Monday, July 28th. Benchmark increased their price target on Saia from $325.00 to $360.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Bank of America raised their target price on Saia from $251.00 to $300.00 and gave the company a "neutral" rating in a research report on Friday, May 16th. Finally, Raymond James Financial set a $310.00 target price on Saia and gave the company an "outperform" rating in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $347.16.

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.