Universal Beteiligungs und Servicegesellschaft mbH Sells 6,459 Shares of Saia, Inc. (NASDAQ:SAIA)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH significantly reduced its stake in Saia, Inc. by 65.5% in the first quarter, leaving it with 3,400 shares valued at approximately $1.19 million.
• A variety of institutional investors have adjusted their positions in Saia, with notable increases from Mitsubishi UFJ Asset Management and Golden State Wealth Management, enhancing their stakes by 172.7% and 127.0%, respectively.
• Analysts have mixed opinions on Saia's stock, with BMO Capital Markets downgrading it from "outperform" to "market perform" and adjusting their price target from $455 to $285.

Universal Beteiligungs und Servicegesellschaft mbH decreased its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 65.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,400 shares of the transportation company's stock after selling 6,459 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Saia were worth $1,188,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in SAIA. Voya Investment Management LLC increased its stake in shares of Saia by 15.2% in the 4th quarter. Voya Investment Management LLC now owns 374,402 shares of the transportation company's stock valued at $170,598,000 after acquiring an additional 49,442 shares during the last quarter. Balyasny Asset Management L.P. grew its stake in shares of Saia by 24,815.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 372,728 shares of the transportation company's stock worth $169,863,000 after acquiring an additional 371,232 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Saia by 76.2% during the 4th quarter. Ameriprise Financial Inc. now owns 355,929 shares of the transportation company's stock worth $162,213,000 after acquiring an additional 153,896 shares in the last quarter. Select Equity Group L.P. bought a new position in shares of Saia during the 4th quarter worth approximately $137,199,000. Finally, Northern Trust Corp boosted its holdings in shares of Saia by 26.9% in the 4th quarter. Northern Trust Corp now owns 232,233 shares of the transportation company's stock valued at $105,836,000 after buying an additional 49,183 shares during the last quarter.

Saia Stock Performance

Shares of SAIA stock traded down $2.96 on Wednesday, hitting $296.12. 171,838 shares of the stock were exchanged, compared to its average volume of 658,902. 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 market capitalization of $7.89 billion, a PE ratio of 27.28, a P/E/G ratio of 13.87 and a beta of 1.99. Saia, Inc. has a one year low of $229.12 and a one year high of $624.55. The firm's 50 day moving average is $282.76 and its two-hundred day moving average is $339.95.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings data 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. Saia had a return on equity of 12.42% and a net margin of 8.96%. The business had revenue of $817.12 million for the quarter, compared to analysts' expectations of $826.59 million. During the same quarter in the prior year, the firm posted $3.83 EPS. The firm's quarterly revenue was down .7% on a year-over-year basis. Sell-side analysts expect that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Morgan Stanley set a $250.00 price target on Saia in a report on Friday, April 25th. Evercore ISI raised their price target on Saia from $297.00 to $345.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Bank of America raised their price target on Saia from $251.00 to $300.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Wells Fargo & Company raised their price target on Saia from $290.00 to $365.00 and gave the company an "equal weight" rating in a report on Monday, July 28th. Finally, Raymond James Financial set a $310.00 price target on Saia and gave the company an "outperform" rating in a report on Monday, April 28th. 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 issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus 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.