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

Advisor OS LLC trimmed its holdings in Saia, Inc. (NASDAQ:SAIA) by 44.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new position in Saia in the 4th quarter valued at about $25,000. Arcadia Investment Management Corp MI purchased a new position in Saia in the 4th quarter valued at about $154,000. GAMMA Investing LLC lifted its holdings in 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 purchasing an additional 219 shares in the last quarter. World Equity Group Inc. purchased a new position in Saia in the 4th quarter valued at about $201,000. Finally, Pinnacle Financial Partners Inc purchased a new position in Saia in the 4th quarter valued at about $204,000.

Saia Stock Performance

Shares of NASDAQ SAIA opened at $397.91 on Friday. 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 firm has a market cap of $10.60 billion, a price-to-earnings ratio of 29.45, a P/E/G ratio of 2.24 and a beta of 1.79. The business’s 50-day simple moving average is $473.59 and its 200-day simple moving average is $467.24. Saia, Inc. has a 52 week low of $358.90 and a 52 week high of $628.34.

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

Insider Activity

In other Saia news, CFO Matthew J. Batteh sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total value of $350,063.00. Following the completion of the sale, the chief financial officer now owns 3,326 shares in the company, valued at approximately $1,663,299.34. This trade represents a 17.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Kelly W. Benton sold 460 shares of the firm’s 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 owns 4,287 shares of the company’s stock, valued at $2,143,500. This represents a 9.69 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,493 shares of company stock valued at $4,646,181. Insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on SAIA shares. Susquehanna upped their target price on shares of Saia from $530.00 to $540.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Wells Fargo & Company reduced their target price on shares of Saia from $550.00 to $510.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Cowen restated a “hold” rating on shares of Saia in a report on Tuesday, February 4th. Bank of America cut their price objective on shares of Saia from $600.00 to $565.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. Finally, Jefferies Financial Group increased their price objective on shares of Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, Saia presently has an average rating of “Moderate Buy” and an average price target of $535.12.

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.