Thornburg Investment Management Inc. Has $4.08 Million Position in Saia, Inc. (NASDAQ:SAIA)

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

Other institutional investors also recently added to or reduced their stakes in the company. Core Wealth Advisors Inc. lifted its stake in Saia by 3.9% during the fourth quarter. Core Wealth Advisors Inc. now owns 700 shares of the transportation company's stock worth $319,000 after purchasing an additional 26 shares during the period. Heritage Family Offices LLP raised its holdings 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 in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position 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 worth $28,000 after buying an additional 38 shares during the period. Golden State Wealth Management LLC grew its position in Saia by 127.0% in the first quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company's stock valued at $29,000 after acquiring an additional 47 shares during the period. Finally, Portside Wealth Group LLC increased its position in shares of Saia by 4.6% during the 1st quarter. Portside Wealth Group LLC now owns 1,206 shares of the transportation company's stock worth $421,000 after purchasing an additional 53 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SAIA. Benchmark lifted their price objective on Saia from $325.00 to $360.00 and gave the company a "buy" rating in a research report on Monday. The Goldman Sachs Group raised Saia from a "neutral" rating to a "buy" rating and lifted their price target for the company from $387.00 to $410.00 in a report on Monday, June 2nd. Morgan Stanley set a $250.00 price objective on shares of Saia in a research report on Friday, April 25th. Deutsche Bank Aktiengesellschaft cut shares of Saia from a "buy" rating to a "hold" rating and set a $273.00 price target on the stock. in a research note on Thursday, May 1st. Finally, 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 report on Friday, May 16th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Saia currently has a consensus rating of "Hold" and a consensus target price of $347.16.

Saia Stock Performance

Shares of SAIA traded down $9.15 during midday trading on Friday, reaching $293.09. 599,252 shares of the stock were exchanged, compared to its average volume of 664,796. The company has a quick ratio of 1.43, a current ratio of 1.49 and a debt-to-equity ratio of 0.13. The stock's 50 day simple moving average is $280.97 and its 200 day simple moving average is $344.79. 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 $7.81 billion, a P/E ratio of 27.06, a PEG ratio of 13.96 and a beta of 1.98.

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