WCM Investment Management LLC Trims Stake in Saia, Inc. $SAIA

WCM Investment Management LLC cut its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 2.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 61,566 shares of the transportation company’s stock after selling 1,423 shares during the period. WCM Investment Management LLC owned about 0.23% of Saia worth $20,687,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Lincoln Capital Corp purchased a new position in Saia during the fourth quarter valued at approximately $1,371,000. M&T Bank Corp boosted its holdings in Saia by 383.7% in the 4th quarter. M&T Bank Corp now owns 26,524 shares of the transportation company’s stock worth $8,661,000 after buying an additional 21,041 shares during the period. Lecap Asset Management Ltd. purchased a new stake in shares of Saia during the fourth quarter worth about $1,692,000. Montag A & Associates Inc. purchased a new stake in shares of Saia during the first quarter worth about $1,505,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Saia by 63.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,576 shares of the transportation company’s stock valued at $2,800,000 after purchasing an additional 3,329 shares during the period.

Wall Street Analyst Weigh In

A number of research firms recently commented on SAIA. BMO Capital Markets boosted their price target on Saia from $450.00 to $470.00 and gave the stock a “market perform” rating in a report on Thursday, June 4th. Stephens raised Saia to a “strong-buy” rating in a report on Wednesday, July 8th. Weiss Ratings upgraded Saia from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, May 6th. Barclays increased their price target on Saia from $400.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Finally, Wall Street Zen upgraded shares of Saia from a “sell” rating to a “hold” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $462.72.

Saia Price Performance

NASDAQ SAIA opened at $436.85 on Monday. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.04. The company has a fifty day moving average of $446.86 and a two-hundred day moving average of $402.14. The firm has a market capitalization of $11.65 billion, a price-to-earnings ratio of 45.89, a PEG ratio of 2.05 and a beta of 2.13. Saia, Inc. has a 52 week low of $249.32 and a 52 week high of $494.71.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.04. The firm had revenue of $806.23 million during the quarter, compared to analysts’ expectations of $789.08 million. Saia had a net margin of 7.84% and a return on equity of 9.60%. The firm’s revenue for the quarter was up 2.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.86 EPS. On average, analysts predict that Saia, Inc. will post 11.42 earnings per share for the current year.

Saia Profile

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.