Saia, Inc. (NASDAQ:SAIA) is Artemis Investment Management LLP’s 9th Largest Position

Artemis Investment Management LLP reduced its stake in Saia, Inc. (NASDAQ:SAIA) by 25.8% during the first quarter, according to its most recent filing with the SEC. The fund owned 236,666 shares of the transportation company’s stock after selling 82,250 shares during the quarter. Saia accounts for approximately 1.7% of Artemis Investment Management LLP’s portfolio, making the stock its 9th largest holding. Artemis Investment Management LLP owned 0.89% of Saia worth $138,390,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in SAIA. Contravisory Investment Management Inc. purchased a new position in Saia in the fourth quarter valued at about $26,000. Pineridge Advisors LLC purchased a new position in Saia in the fourth quarter valued at approximately $26,000. Rise Advisors LLC bought a new position in Saia during the first quarter valued at $40,000. Core Wealth Advisors Inc. purchased a new stake in Saia in the fourth quarter worth $32,000. Finally, GAMMA Investing LLC bought a new stake in shares of Saia in the fourth quarter valued at $43,000.

Saia Price Performance

Shares of SAIA traded up $15.59 during trading hours on Friday, reaching $474.29. 1,001,529 shares of the company’s stock traded hands, compared to its average volume of 371,812. Saia, Inc. has a 12 month low of $331.23 and a 12 month high of $628.34. 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 stock has a market cap of $12.61 billion, a PE ratio of 33.24, a price-to-earnings-growth ratio of 1.66 and a beta of 1.70. The firm’s 50 day simple moving average is $433.70 and its 200-day simple moving average is $486.91.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share (EPS) 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%. The company’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.85 earnings per share. Equities analysts expect that Saia, Inc. will post 15.31 EPS for the current year.

Insider Transactions at Saia

In other news, Director John P. Gainor, Jr. acquired 500 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was purchased at an average cost of $407.00 per share, for a total transaction of $203,500.00. Following the acquisition, the director now owns 900 shares of the company’s stock, valued at $366,300. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on SAIA shares. JPMorgan Chase & Co. cut their price target on Saia from $676.00 to $580.00 and set an “overweight” rating for the company in a research note on Monday, April 29th. Raymond James lowered their price target on shares of Saia from $540.00 to $520.00 and set an “outperform” rating on the stock in a research report on Monday. TD Cowen raised their price objective on shares of Saia from $473.00 to $475.00 and gave the stock a “hold” rating in a report on Thursday, June 6th. Wolfe Research cut shares of Saia from an “outperform” rating to a “peer perform” rating in a report on Thursday, April 11th. Finally, Stifel Nicolaus upgraded Saia from a “hold” rating to a “buy” rating and dropped their target price for the stock from $526.00 to $475.00 in a research report on Friday, May 24th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, Saia currently has an average rating of “Hold” and an average price target of $498.00.

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.