Thornburg Investment Management Inc. Sells 1,000 Shares of Saia, Inc. (NASDAQ:SAIA)

Thornburg Investment Management Inc. reduced its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 7.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,661 shares of the transportation company's stock after selling 1,000 shares during the period. Thornburg Investment Management Inc.'s holdings in Saia were worth $4,075,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Core Wealth Advisors Inc. increased its stake 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 valued at $319,000 after purchasing an additional 26 shares during the last quarter. Heritage Family Offices LLP raised its stake 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 in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Saia by 172.7% in 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 last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Saia by 127.0% in 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 last quarter. Finally, Portside Wealth Group LLC boosted its stake in shares of Saia by 4.6% in the 1st quarter. Portside Wealth Group LLC now owns 1,206 shares of the transportation company's stock valued at $421,000 after purchasing an additional 53 shares in the last quarter.

Saia Stock Down 3.0%

Shares of NASDAQ SAIA traded down $9.15 during trading on Friday, hitting $293.09. 599,252 shares of the company traded hands, compared to its average volume of 709,307. The firm has a market capitalization of $7.81 billion, a price-to-earnings ratio of 27.06, a P/E/G ratio of 13.94 and a beta of 1.99. The business's fifty day moving average is $281.54 and its 200 day moving average is $343.57. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.43 and a current ratio of 1.49. Saia, Inc. has a fifty-two week low of $229.12 and a fifty-two week high of $624.55.

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

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. The Goldman Sachs Group raised shares of Saia from a "neutral" rating to a "buy" rating and increased their price objective for the company from $387.00 to $410.00 in a research note on Monday, June 2nd. UBS Group cut their price objective on Saia from $422.00 to $305.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Evercore ISI upped their target price on Saia from $297.00 to $345.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Stifel Nicolaus reissued a "hold" rating and set a $306.00 price target (up from $277.00) on shares of Saia in a research note on Thursday, July 24th. Finally, Benchmark lifted their target price on shares of Saia from $325.00 to $360.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Saia currently has an average rating of "Hold" and a consensus price target of $347.16.

Saia 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.