Venturi Wealth Management LLC Has $307,000 Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

Venturi Wealth Management LLC raised its holdings in Saia, Inc. (NASDAQ:SAIA) by 13.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 674 shares of the transportation company’s stock after acquiring an additional 81 shares during the quarter. Venturi Wealth Management LLC’s holdings in Saia were worth $307,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. CIBC Asset Management Inc grew its stake in shares of Saia by 5.5% in the fourth quarter. CIBC Asset Management Inc now owns 812 shares of the transportation company’s stock worth $370,000 after purchasing an additional 42 shares during the last quarter. Highview Capital Management LLC DE bought a new position in Saia during the 4th quarter worth $1,324,000. Van ECK Associates Corp lifted its holdings in Saia by 33.8% during the 4th quarter. Van ECK Associates Corp now owns 23,161 shares of the transportation company’s stock worth $10,555,000 after buying an additional 5,845 shares during the period. Legato Capital Management LLC grew its position in shares of Saia by 100.6% in the 4th quarter. Legato Capital Management LLC now owns 1,565 shares of the transportation company’s stock valued at $713,000 after buying an additional 785 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Saia by 4.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 261,803 shares of the transportation company’s stock valued at $116,670,000 after buying an additional 11,177 shares during the last quarter.

Saia Stock Down 4.7 %

SAIA stock opened at $453.90 on Friday. The stock’s 50 day simple moving average is $482.92 and its 200 day simple moving average is $465.82. The company has a market cap of $12.07 billion, a P/E ratio of 33.60, a price-to-earnings-growth ratio of 2.49 and a beta of 1.79. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. Saia, Inc. has a fifty-two week low of $358.90 and a fifty-two week high of $628.34.

Saia (NASDAQ:SAIA) last issued its earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $794.69 million. During the same period in the previous year, the company earned $3.33 earnings per share. Saia’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, research analysts expect that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Saia news, EVP Patrick D. Sugar sold 799 shares of Saia stock in a transaction dated Monday, February 10th. The stock was 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. The trade was a 8.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Kelly W. Benton sold 460 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total value of $230,000.00. Following the completion of the sale, the chief accounting officer now directly owns 4,287 shares of the company’s stock, valued at approximately $2,143,500. This trade represents a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,493 shares of company stock worth $4,646,181. Insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SAIA. Jefferies Financial Group lifted their price objective on Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. TD Cowen boosted their price target on shares of Saia from $456.00 to $478.00 and gave the stock a “hold” rating in a research report on Tuesday, February 4th. Wells Fargo & Company reduced their price objective on shares of Saia from $550.00 to $510.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Susquehanna lifted their target price on shares of Saia from $530.00 to $540.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Finally, Barclays cut their price target on shares of Saia from $620.00 to $600.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $535.41.

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.