Saia, Inc. (NASDAQ:SAIA) Shares Sold by Advisor OS LLC

Advisor OS LLC lowered its holdings in Saia, Inc. (NASDAQ:SAIA) by 44.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 774 shares of the transportation company’s stock after selling 615 shares during the period. Advisor OS LLC’s holdings in Saia were worth $353,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. CIBC Asset Management Inc grew its holdings in shares of Saia by 3.5% in the third quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company’s stock valued at $337,000 after purchasing an additional 26 shares in the last quarter. UMB Bank n.a. grew its holdings in Saia by 1.0% during the 4th quarter. UMB Bank n.a. now owns 3,707 shares of the transportation company’s stock worth $1,689,000 after acquiring an additional 37 shares in the last quarter. Avior Wealth Management LLC grew its holdings in Saia by 3.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,171 shares of the transportation company’s stock worth $534,000 after acquiring an additional 37 shares in the last quarter. Greenleaf Trust grew its holdings in Saia by 6.4% during the 4th quarter. Greenleaf Trust now owns 613 shares of the transportation company’s stock worth $279,000 after acquiring an additional 37 shares in the last quarter. Finally, Mutual Advisors LLC grew its holdings in Saia by 5.0% during the 4th quarter. Mutual Advisors LLC now owns 805 shares of the transportation company’s stock worth $397,000 after acquiring an additional 38 shares in the last quarter.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wells Fargo & Company lowered their price target on shares of Saia from $550.00 to $510.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Citigroup lowered their price target on shares of Saia from $561.00 to $544.00 and set a “buy” rating for the company in a report on Tuesday, February 4th. Cowen reiterated a “hold” rating on shares of Saia in a report on Tuesday, February 4th. JPMorgan Chase & Co. lowered their price target on shares of Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Finally, Barclays reduced their price objective on shares of Saia from $620.00 to $600.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Saia has an average rating of “Moderate Buy” and a consensus target price of $535.12.

Saia Stock Down 1.6 %

SAIA stock opened at $397.91 on Friday. The company has a fifty day moving average price of $473.59 and a 200 day moving average price of $467.24. Saia, Inc. has a 12 month low of $358.90 and a 12 month high of $628.34. The company has a market cap of $10.60 billion, a price-to-earnings ratio of 29.45, a price-to-earnings-growth ratio of 2.24 and a beta of 1.79. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing the consensus estimate of $2.87 by ($0.03). Saia had a net margin of 11.28% and a return on equity of 16.63%. The business had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $794.69 million. During the same quarter last year, the company earned $3.33 EPS. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. Sell-side analysts expect that Saia, Inc. will post 15.46 earnings per share for the current year.

Insider Activity at Saia

In other Saia news, EVP Patrick D. Sugar sold 799 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $493.74, for a total transaction of $394,498.26. Following the completion of the transaction, the executive vice president now owns 8,629 shares in the company, valued at approximately $4,260,482.46. This represents a 8.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the transaction, the chief executive officer now owns 17,645 shares of the company’s stock, valued at approximately $8,599,114.30. The trade was a 29.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,493 shares of company stock worth $4,646,181 in the last 90 days. 0.30% of the stock is owned by insiders.

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.