DekaBank Deutsche Girozentrale Lowers Holdings in Saia, Inc. (NASDAQ:SAIA)

DekaBank Deutsche Girozentrale trimmed its holdings in Saia, Inc. (NASDAQ:SAIA) by 31.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 493 shares of the transportation company’s stock after selling 228 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Saia were worth $176,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake 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 acquiring an additional 38 shares in the last quarter. Golden State Wealth Management LLC boosted its stake in shares of Saia by 127.0% during the 1st 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 in the last quarter. Huntington National Bank boosted its stake in shares of Saia by 291.7% during the 4th quarter. Huntington National Bank now owns 94 shares of the transportation company’s stock worth $43,000 after acquiring an additional 70 shares in the last quarter. NBC Securities Inc. purchased a new stake in shares of Saia during the 1st quarter worth about $43,000. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of Saia during the 4th quarter worth about $64,000.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SAIA shares. Evercore ISI lowered their target price on shares of Saia from $415.00 to $298.00 and set an “outperform” rating on the stock in a research note on Monday, April 28th. Susquehanna lowered their target price on shares of Saia from $540.00 to $410.00 and set a “neutral” rating on the stock in a research note on Monday, March 31st. Barclays reaffirmed an “overweight” rating on shares of Saia in a research note on Thursday. UBS Group decreased their price target on shares of Saia from $422.00 to $305.00 and set a “buy” rating on the stock in a research note on Monday, April 28th. Finally, Wolfe Research raised shares of Saia from a “hold” rating to a “strong-buy” rating in a research note on Sunday, June 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Saia has an average rating of “Moderate Buy” and a consensus target price of $338.26.

Saia Stock Down 3.4%

SAIA stock opened at $293.07 on Tuesday. The company has a market cap of $7.80 billion, a price-to-earnings ratio of 24.44, a PEG ratio of 10.47 and a beta of 1.98. The company has a current ratio of 1.43, a quick 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 firm has a 50-day moving average of $272.71 and a two-hundred day moving average of $358.40.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results 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). The firm had revenue of $787.58 million for the quarter, compared to analyst estimates of $806.18 million. Saia had a return on equity of 14.21% and a net margin of 9.91%. The firm’s quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.38 EPS. As a group, analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

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.