Saia, Inc. (NASDAQ:SAIA) Position Trimmed by WCM Investment Management LLC

WCM Investment Management LLC lessened its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 54.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,409 shares of the transportation company’s stock after selling 35,697 shares during the quarter. WCM Investment Management LLC owned approximately 0.11% of Saia worth $13,216,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Blue Trust Inc. grew its stake in Saia by 161.5% during the 2nd quarter. Blue Trust Inc. now owns 68 shares of the transportation company’s stock valued at $32,000 after acquiring an additional 42 shares in the last quarter. Paladin Wealth LLC acquired a new stake in shares of Saia during the 3rd quarter valued at about $40,000. Quarry LP acquired a new stake in shares of Saia during the 2nd quarter valued at about $41,000. International Assets Investment Management LLC acquired a new stake in shares of Saia during the 2nd quarter valued at about $42,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Saia by 754.5% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company’s stock valued at $45,000 after buying an additional 83 shares during the last quarter.

Analyst Ratings Changes

SAIA has been the subject of several research reports. Stifel Nicolaus lowered Saia from a “buy” rating to a “hold” rating and reduced their price target for the company from $440.00 to $437.00 in a report on Monday, October 21st. JPMorgan Chase & Co. lifted their price target on Saia from $479.00 to $481.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Barclays reduced their price target on Saia from $575.00 to $515.00 and set an “overweight” rating for the company in a report on Monday, July 29th. TD Cowen boosted their target price on Saia from $416.00 to $418.00 and gave the stock a “hold” rating in a report on Thursday, September 5th. Finally, Jefferies Financial Group boosted their target price on Saia from $480.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, Saia presently has an average rating of “Moderate Buy” and a consensus target price of $492.00.

Saia Stock Performance

Shares of NASDAQ SAIA opened at $558.10 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The business’s 50 day moving average is $450.18 and its two-hundred day moving average is $432.43. The company has a market cap of $14.84 billion, a P/E ratio of 39.86, a P/E/G ratio of 3.14 and a beta of 1.73. Saia, Inc. has a 12 month low of $358.90 and a 12 month high of $628.34.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing the consensus estimate of $3.53 by ($0.07). The business had revenue of $842.10 million during the quarter, compared to the consensus estimate of $839.82 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $3.67 earnings per share. On average, equities analysts expect that Saia, Inc. will post 13.54 EPS for the current year.

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.