Saia, Inc. (NASDAQ:SAIA) Stock Holdings Lowered by Thrive Wealth Management LLC

Thrive Wealth Management LLC trimmed its holdings in shares of Saia, Inc. (NASDAQ:SAIAFree Report) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 505 shares of the transportation company’s stock after selling 32 shares during the period. Thrive Wealth Management LLC’s holdings in Saia were worth $230,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SAIA. Paladin Wealth LLC acquired a new stake in Saia during the 3rd quarter worth about $40,000. Quarry LP purchased a new position in shares of Saia in the second quarter worth approximately $41,000. Tobam acquired a new stake in shares of Saia during the third quarter valued at approximately $100,000. Blue Trust Inc. raised its holdings in shares of Saia by 319.1% during the third quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock valued at $135,000 after acquiring an additional 217 shares during the period. Finally, GAMMA Investing LLC lifted its position in shares of Saia by 148.0% in the 4th quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock valued at $167,000 after acquiring an additional 219 shares in the last quarter.

Wall Street Analysts Forecast Growth

SAIA has been the topic of several recent analyst reports. BMO Capital Markets boosted their target price on shares of Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a research note on Monday, October 28th. Citigroup reduced their price objective on Saia from $651.00 to $644.00 and set a “buy” rating for the company in a research note on Wednesday, December 4th. Evercore ISI lowered their target price on Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. Stephens increased their price target on shares of Saia from $481.00 to $515.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Finally, Stifel Nicolaus boosted their price objective on shares of Saia from $440.00 to $443.00 and gave the company a “hold” rating in a research report on Wednesday, January 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $522.59.

Check Out Our Latest Stock Report on Saia

Saia Price Performance

NASDAQ SAIA opened at $486.89 on Tuesday. Saia, Inc. has a fifty-two week low of $358.90 and a fifty-two week high of $628.34. The stock’s 50-day moving average is $505.54 and its two-hundred day moving average is $459.87. The firm has a market cap of $12.95 billion, a P/E ratio of 34.78, a price-to-earnings-growth ratio of 2.12 and a beta of 1.79. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.26.

Saia (NASDAQ:SAIAGet Free Report) last issued its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). The company had revenue of $842.10 million during the quarter, compared to the consensus estimate of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. The firm’s revenue was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $3.67 earnings per share. On average, analysts anticipate that Saia, Inc. will post 13.49 earnings per share for the current fiscal year.

Insider Transactions at Saia

In other news, EVP Rohit Lal sold 1,120 shares of the firm’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $560.00, for a total value of $627,200.00. Following the sale, the executive vice president now directly owns 8,270 shares of the company’s stock, valued at approximately $4,631,200. This trade represents a 11.93 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is owned by corporate insiders.

About Saia

(Free Report)

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.

Read More

Want to see what other hedge funds are holding SAIA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Saia, Inc. (NASDAQ:SAIAFree Report).

Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

Receive News & Ratings for Saia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saia and related companies with MarketBeat.com's FREE daily email newsletter.