Saia, Inc. (NASDAQ:SAIA) Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc lessened its stake in Saia, Inc. (NASDAQ:SAIA) by 5.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,217 shares of the transportation company’s stock after selling 1,096 shares during the period. Marks Group Wealth Management Inc owned 0.07% of Saia worth $8,758,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. State Street Corp lifted its holdings in shares of Saia by 3.1% in the third quarter. State Street Corp now owns 805,597 shares of the transportation company’s stock valued at $352,255,000 after buying an additional 24,351 shares during the period. Wasatch Advisors LP raised its position in Saia by 10.2% in the third quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company’s stock worth $302,761,000 after acquiring an additional 64,351 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Saia by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 471,667 shares of the transportation company’s stock valued at $206,292,000 after acquiring an additional 6,456 shares during the last quarter. Westfield Capital Management Co. LP boosted its position in shares of Saia by 11.8% during the 3rd quarter. Westfield Capital Management Co. LP now owns 303,582 shares of the transportation company’s stock valued at $132,744,000 after purchasing an additional 31,991 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Saia by 64.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company’s stock worth $109,589,000 after purchasing an additional 98,383 shares during the last quarter.

Saia Trading Down 0.7 %

Shares of NASDAQ:SAIA opened at $492.55 on Wednesday. The firm has a fifty day moving average of $488.73 and a two-hundred day moving average of $462.67. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 12-month low of $358.90 and a 12-month high of $628.34. The firm has a market capitalization of $13.10 billion, a P/E ratio of 36.46, a price-to-earnings-growth ratio of 2.51 and a beta of 1.79.

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

Wall Street Analyst Weigh In

SAIA has been the subject of several recent research reports. Stifel Nicolaus increased their target price on shares of Saia from $443.00 to $529.00 and gave the company a “hold” rating in a research note on Thursday, January 23rd. Stephens reissued an “overweight” rating and set a $600.00 price objective on shares of Saia in a research note on Thursday, February 6th. Citigroup cut their target price on Saia from $561.00 to $544.00 and set a “buy” rating on the stock in a research report on Tuesday, February 4th. BMO Capital Markets increased their price target on Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. dropped their price target on Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $535.41.

Insider Activity

In other Saia news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $487.34, for a total value of $3,671,619.56. Following the completion of the sale, the chief executive officer now owns 17,645 shares of the company’s stock, valued at $8,599,114.30. The trade was a 29.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Patrick D. Sugar sold 799 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $493.74, for a total value of $394,498.26. Following the sale, the executive vice president now owns 8,629 shares of the company’s stock, valued at approximately $4,260,482.46. This trade represents a 8.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,453 shares of company stock worth $4,693,318 in the last three months. 0.30% of the stock is owned by insiders.

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.