Marks Group Wealth Management Inc Lowers Stake in Saia, Inc. $SAIA

Marks Group Wealth Management Inc lessened its position in shares of Saia, Inc. (NASDAQ:SAIA) by 50.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,323 shares of the transportation company’s stock after selling 14,632 shares during the period. Marks Group Wealth Management Inc’s holdings in Saia were worth $4,677,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its position in Saia by 5.8% during the fourth quarter. Parallel Advisors LLC now owns 563 shares of the transportation company’s stock valued at $184,000 after acquiring an additional 31 shares during the period. Boothbay Fund Management LLC grew its position in Saia by 3.2% during the second quarter. Boothbay Fund Management LLC now owns 1,401 shares of the transportation company’s stock valued at $384,000 after acquiring an additional 43 shares during the period. Vident Advisory LLC grew its position in Saia by 4.4% during the second quarter. Vident Advisory LLC now owns 1,075 shares of the transportation company’s stock valued at $295,000 after acquiring an additional 45 shares during the period. Park Avenue Securities LLC grew its position in Saia by 2.0% during the fourth quarter. Park Avenue Securities LLC now owns 2,369 shares of the transportation company’s stock valued at $774,000 after acquiring an additional 46 shares during the period. Finally, Farther Finance Advisors LLC grew its position in Saia by 46.9% during the fourth quarter. Farther Finance Advisors LLC now owns 144 shares of the transportation company’s stock valued at $47,000 after acquiring an additional 46 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on SAIA shares. The Goldman Sachs Group reissued a “buy” rating and set a $441.00 price target on shares of Saia in a research report on Thursday, April 30th. TD Cowen boosted their price objective on Saia from $367.00 to $445.00 and gave the stock a “hold” rating in a research note on Friday, May 1st. Jefferies Financial Group boosted their price objective on Saia from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Wednesday, April 22nd. UBS Group restated a “buy” rating and set a $493.00 price objective on shares of Saia in a research note on Wednesday, February 11th. Finally, BMO Capital Markets boosted their price objective on Saia from $450.00 to $470.00 and gave the stock a “market perform” rating in a research note on Thursday. Ten equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $453.56.

Saia Stock Up 3.0%

NASDAQ SAIA opened at $480.68 on Tuesday. The stock has a market cap of $12.82 billion, a PE ratio of 50.49, a P/E/G ratio of 2.23 and a beta of 2.10. Saia, Inc. has a fifty-two week low of $249.00 and a fifty-two week high of $489.43. The business has a 50 day moving average price of $430.42 and a two-hundred day moving average price of $377.14. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.04.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 earnings per share 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 return on equity of 9.60% and a net margin of 7.84%.Saia’s quarterly revenue was up 2.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.86 EPS. As a group, sell-side analysts predict that Saia, Inc. will post 11.39 EPS for the current fiscal year.

Saia Company 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.