Nisa Investment Advisors LLC Lowers Position in Saia, Inc. (NASDAQ:SAIA)

Nisa Investment Advisors LLC trimmed its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 43.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,435 shares of the transportation company's stock after selling 2,634 shares during the quarter. Nisa Investment Advisors LLC's holdings in Saia were worth $1,200,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Jones Financial Companies Lllp increased its position in Saia by 47.8% in the 4th quarter. Jones Financial Companies Lllp now owns 201 shares of the transportation company's stock valued at $92,000 after buying an additional 65 shares in the last quarter. HighTower Advisors LLC grew its holdings in shares of Saia by 2.3% in the fourth quarter. HighTower Advisors LLC now owns 3,462 shares of the transportation company's stock valued at $1,578,000 after acquiring an additional 77 shares in the last quarter. Avantax Advisory Services Inc. lifted its stake in Saia by 4.6% in the fourth 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. Swiss National Bank lifted its stake in Saia by 0.6% in the fourth quarter. Swiss National Bank now owns 52,300 shares of the transportation company's stock valued at $23,835,000 after purchasing an additional 300 shares during the last quarter. Finally, Madison Investment Advisors LLC purchased a new position in Saia in the fourth quarter valued at approximately $3,451,000.

Saia Price Performance

Shares of SAIA stock traded down $4.14 on Wednesday, reaching $285.78. The company's stock had a trading volume of 637,833 shares, compared to its average volume of 533,191. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.12. Saia, Inc. has a 12-month low of $229.12 and a 12-month high of $624.55. The company has a market capitalization of $7.61 billion, a P/E ratio of 23.83, a PEG ratio of 10.00 and a beta of 1.98. The stock's 50 day simple moving average is $274.61 and its 200-day simple moving average is $356.17.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings data 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 return on equity of 14.21% and a net margin of 9.91%. The business had revenue of $787.58 million during the quarter, compared to analysts' expectations of $806.18 million. During the same quarter last year, the business posted $3.38 EPS. The company's quarterly revenue was up 4.3% on a year-over-year basis. As a group, equities analysts predict that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SAIA shares. Wolfe Research upgraded Saia from a "hold" rating to a "strong-buy" rating in a research note on Sunday, June 8th. Susquehanna dropped their price objective on Saia from $540.00 to $410.00 and set a "neutral" rating on the stock in a research note on Monday, March 31st. Jefferies Financial Group set a $335.00 price objective on Saia and gave the company a "buy" rating in a research note on Tuesday, June 10th. Raymond James Financial set a $310.00 price objective on Saia and gave the company an "outperform" rating in a research note on Monday, April 28th. Finally, UBS Group dropped their price objective on Saia from $422.00 to $305.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $338.26.

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.