Mutual of America Capital Management LLC Has $9.84 Million Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

Mutual of America Capital Management LLC trimmed its position in shares of Saia, Inc. (NASDAQ:SAIA) by 2.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,584 shares of the transportation company’s stock after selling 518 shares during the period. Mutual of America Capital Management LLC owned about 0.08% of Saia worth $9,836,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the company. QRG Capital Management Inc. raised its stake in shares of Saia by 8.0% during the 4th quarter. QRG Capital Management Inc. now owns 1,088 shares of the transportation company’s stock worth $496,000 after purchasing an additional 81 shares in the last quarter. Proficio Capital Partners LLC bought a new position in Saia during the fourth quarter valued at approximately $15,577,000. NewEdge Wealth LLC lifted its stake in Saia by 2.6% in the fourth quarter. NewEdge Wealth LLC now owns 9,077 shares of the transportation company’s stock valued at $4,137,000 after acquiring an additional 228 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Saia in the fourth quarter valued at approximately $3,363,000. Finally, World Equity Group Inc. bought a new stake in Saia in the fourth quarter worth approximately $201,000.

Saia Stock Up 2.9 %

NASDAQ SAIA opened at $409.44 on Friday. Saia, Inc. has a twelve month low of $358.90 and a twelve month high of $628.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. The stock has a market cap of $10.90 billion, a PE ratio of 30.31, a PEG ratio of 2.24 and a beta of 1.79. The firm has a 50-day simple moving average of $470.37 and a 200 day simple moving average of $467.05.

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

Analyst Upgrades and Downgrades

SAIA has been the subject of several analyst reports. Cowen reaffirmed a “hold” rating on shares of Saia in a research note on Tuesday, February 4th. Jefferies Financial Group boosted their price target on Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Bank of America lowered their price objective on Saia from $600.00 to $565.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. TD Cowen boosted their target price on Saia from $456.00 to $478.00 and gave the stock a “hold” rating in a report on Tuesday, February 4th. Finally, Susquehanna upped their target price on Saia from $530.00 to $540.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $535.12.

Insiders Place Their Bets

In other Saia news, CFO Matthew J. Batteh sold 700 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total transaction of $350,063.00. Following the completion of the transaction, the chief financial officer now owns 3,326 shares in the company, valued at $1,663,299.34. This trade represents a 17.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Patrick D. Sugar sold 799 shares of Saia stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $493.74, for a total value of $394,498.26. Following the sale, the executive vice president now directly owns 8,629 shares in the company, valued at $4,260,482.46. The trade was a 8.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,493 shares of company stock worth $4,646,181 over the last 90 days. Corporate insiders own 0.30% of the company’s stock.

Saia 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.