Royal London Asset Management Ltd. Lowers Holdings in Saia, Inc. (NASDAQ:SAIA)

Royal London Asset Management Ltd. reduced its holdings in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 14.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,563 shares of the transportation company's stock after selling 21,766 shares during the period. Royal London Asset Management Ltd. owned 0.49% of Saia worth $61,450,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of Saia in the fourth quarter worth $58,000. National Bank of Canada FI bought a new stake in Saia during the 4th quarter valued at about $44,000. Charles Schwab Investment Management Inc. raised its holdings in Saia by 1.4% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 208,711 shares of the transportation company's stock worth $91,461,000 after buying an additional 2,801 shares during the last quarter. Principal Securities Inc. purchased a new position in Saia in the fourth quarter worth about $146,000. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in shares of Saia by 2.1% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,947 shares of the transportation company's stock worth $1,291,000 after buying an additional 60 shares in the last quarter.

Saia Stock Performance

SAIA traded up $4.82 during midday trading on Tuesday, reaching $415.64. The company had a trading volume of 339,034 shares, compared to its average volume of 396,460. The business has a 50-day moving average of $418.65 and a two-hundred day moving average of $469.91. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 1 year low of $341.26 and a 1 year high of $628.34. The company has a market cap of $11.05 billion, a P/E ratio of 30.21, a P/E/G ratio of 1.90 and a beta of 1.74.

Saia (NASDAQ:SAIA - Get Free Report) last released its earnings results on Friday, July 26th. The transportation company reported $3.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.00 by ($0.17). Saia had a return on equity of 19.14% and a net margin of 12.26%. The firm had revenue of $823.24 million during the quarter, compared to analysts' expectations of $821.60 million. As a group, equities research analysts predict that Saia, Inc. will post 13.91 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Stifel Nicolaus raised Saia from a "hold" rating to a "buy" rating and lowered their price objective for the company from $526.00 to $475.00 in a research report on Friday, May 24th. TD Cowen upped their price target on Saia from $416.00 to $418.00 and gave the company a "hold" rating in a report on Thursday, September 5th. Raymond James reduced their price objective on Saia from $540.00 to $520.00 and set an "outperform" rating for the company in a report on Monday, June 24th. Benchmark restated a "buy" rating and set a $480.00 target price on shares of Saia in a research note on Thursday, September 5th. Finally, Wells Fargo & Company raised their price target on shares of Saia from $400.00 to $410.00 and gave the company an "equal weight" rating in a report on Thursday, September 5th. Two analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, Saia currently has a consensus rating of "Hold" and a consensus target price of $476.73.

Saia 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.