AE Wealth Management LLC Sells 277 Shares of Saia, Inc. $SAIA

AE Wealth Management LLC trimmed its position in shares of Saia, Inc. (NASDAQ:SAIA) by 11.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,211 shares of the transportation company’s stock after selling 277 shares during the period. AE Wealth Management LLC’s holdings in Saia were worth $606,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. AlphaQuest LLC purchased a new position in shares of Saia during the 2nd quarter valued at $41,000. Blue Trust Inc. raised its stake in Saia by 52.9% in the 2nd quarter. Blue Trust Inc. now owns 208 shares of the transportation company’s stock valued at $57,000 after acquiring an additional 72 shares during the period. CWM LLC lifted its holdings in Saia by 21.6% during the second quarter. CWM LLC now owns 248 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 44 shares during the last quarter. Mattson Financial Services LLC boosted its position in Saia by 17.5% during the first quarter. Mattson Financial Services LLC now owns 382 shares of the transportation company’s stock worth $133,000 after purchasing an additional 57 shares during the period. Finally, Picton Mahoney Asset Management bought a new position in Saia during the first quarter worth about $135,000.

Saia Price Performance

Saia stock opened at $267.92 on Friday. The stock has a market cap of $7.14 billion, a price-to-earnings ratio of 24.74, a PEG ratio of 12.90 and a beta of 2.07. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.13. The business has a 50-day simple moving average of $298.13 and a 200 day simple moving average of $288.41. Saia, Inc. has a 52 week low of $229.12 and a 52 week high of $587.86.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Thursday, October 30th. The transportation company reported $2.81 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.53 by $0.28. Saia had a return on equity of 12.42% and a net margin of 8.96%.The firm had revenue of $839.64 million during the quarter, compared to the consensus estimate of $824.06 million. During the same quarter last year, the company posted $3.46 EPS. The company’s revenue for the quarter was down .3% on a year-over-year basis. On average, research analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Zacks Research raised shares of Saia from a “strong sell” rating to a “hold” rating in a research report on Monday, August 25th. Raymond James Financial dropped their target price on Saia from $360.00 to $355.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 14th. UBS Group lifted their price target on Saia from $305.00 to $374.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. Benchmark reiterated a “buy” rating and set a $360.00 price objective on shares of Saia in a research note on Thursday, September 25th. Finally, Stephens raised their target price on Saia from $274.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, Saia presently has a consensus rating of “Moderate Buy” and a consensus price target of $337.67.

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.