Saia, Inc. (NASDAQ:SAIA) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE cut its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 19.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 32,890 shares of the transportation company's stock after selling 7,884 shares during the quarter. Congress Wealth Management LLC DE owned 0.12% of Saia worth $19,242,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Thrive Wealth Management LLC increased its position in shares of Saia by 10.0% during the 1st quarter. Thrive Wealth Management LLC now owns 541 shares of the transportation company's stock valued at $316,000 after purchasing an additional 49 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Saia by 5.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 4,310 shares of the transportation company's stock valued at $2,521,000 after purchasing an additional 219 shares during the period. DGS Capital Management LLC acquired a new position in shares of Saia during the 1st quarter valued at $273,000. AdvisorNet Financial Inc grew its holdings in shares of Saia by 5.7% in the 1st quarter. AdvisorNet Financial Inc now owns 387 shares of the transportation company's stock worth $226,000 after acquiring an additional 21 shares during the last quarter. Finally, MJP Associates Inc. ADV grew its holdings in shares of Saia by 24.6% in the 1st quarter. MJP Associates Inc. ADV now owns 624 shares of the transportation company's stock worth $365,000 after acquiring an additional 123 shares during the last quarter.

Saia Stock Down 0.6 %

NASDAQ SAIA traded down $2.82 during trading on Monday, hitting $471.47. 279,993 shares of the company traded hands, compared to its average volume of 371,078. Saia, Inc. has a 12 month low of $331.23 and a 12 month high of $628.34. The business has a fifty day simple moving average of $431.81 and a 200 day simple moving average of $489.11. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $12.54 billion, a P/E ratio of 34.16, a PEG ratio of 1.70 and a beta of 1.72.

Saia (NASDAQ:SAIA - Get Free Report) last posted its earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.43 by ($0.05). The company had revenue of $754.80 million for the quarter, compared to the consensus estimate of $772.36 million. Saia had a net margin of 12.42% and a return on equity of 19.53%. Saia's quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter last year, the business earned $2.85 earnings per share. As a group, sell-side analysts predict that Saia, Inc. will post 15.31 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SAIA. TD Cowen lifted their target price on Saia from $473.00 to $475.00 and gave the stock a "hold" rating in a report on Thursday, June 6th. Raymond James decreased their target price on Saia from $540.00 to $520.00 and set an "outperform" rating for the company in a research report on Monday, June 24th. Bank of America decreased their target price on Saia from $645.00 to $484.00 and set a "buy" rating for the company in a research report on Monday, April 29th. Stifel Nicolaus raised Saia from a "hold" rating to a "buy" rating and decreased their target price for the stock from $526.00 to $475.00 in a research report on Friday, May 24th. Finally, UBS Group decreased their target price on Saia from $618.00 to $541.00 and set a "buy" rating for the company in a research report on Monday, April 29th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Saia has an average rating of "Hold" and an average price target of $498.00.

Insider Transactions at Saia

In other Saia news, Director John P. Gainor, Jr. acquired 500 shares of the company's stock in a transaction dated Thursday, May 2nd. The shares were acquired at an average cost of $407.00 per share, for a total transaction of $203,500.00. Following the completion of the purchase, the director now owns 900 shares of the company's stock, valued at approximately $366,300. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.30% of the stock is currently owned by corporate insiders.

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.

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