Mutual of America Capital Management LLC Sells 518 Shares of Saia, Inc. (NASDAQ:SAIA)

Mutual of America Capital Management LLC lowered its position in Saia, Inc. (NASDAQ:SAIA) by 2.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 21,584 shares of the transportation company’s stock after selling 518 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Saia were worth $9,836,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. CIBC Asset Management Inc increased its holdings in Saia by 3.5% during the 3rd quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company’s stock valued at $337,000 after purchasing an additional 26 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Saia by 1.0% during the fourth quarter. UMB Bank n.a. now owns 3,707 shares of the transportation company’s stock worth $1,689,000 after purchasing an additional 37 shares during the last quarter. Avior Wealth Management LLC increased its stake in shares of Saia by 3.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,171 shares of the transportation company’s stock valued at $534,000 after buying an additional 37 shares in the last quarter. Greenleaf Trust raised its holdings in shares of Saia by 6.4% in the fourth quarter. Greenleaf Trust now owns 613 shares of the transportation company’s stock valued at $279,000 after buying an additional 37 shares during the last quarter. Finally, Mutual Advisors LLC lifted its position in Saia by 5.0% during the 4th quarter. Mutual Advisors LLC now owns 805 shares of the transportation company’s stock worth $397,000 after buying an additional 38 shares in the last quarter.

Saia Stock Up 2.9 %

Shares of NASDAQ:SAIA opened at $409.44 on Friday. The company has a 50 day moving average price of $470.37 and a two-hundred day moving average price of $467.05. 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 company has a market capitalization of $10.90 billion, a PE ratio of 30.31, a PEG ratio of 2.24 and a beta of 1.79. Saia, Inc. has a 52 week low of $358.90 and a 52 week high of $628.34.

Saia (NASDAQ:SAIA) last released 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 firm had revenue of $789.00 million during the quarter, compared to the consensus estimate of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. Saia’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.33 EPS. Analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SAIA. Barclays lowered their price objective on shares of Saia from $620.00 to $600.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Stifel Nicolaus upgraded shares of Saia from a “hold” rating to a “buy” rating and set a $524.00 price objective for the company in a research report on Monday, February 24th. TD Cowen increased their price objective on Saia from $456.00 to $478.00 and gave the company a “hold” rating in a research report on Tuesday, February 4th. Citigroup lowered their target price on Saia from $561.00 to $544.00 and set a “buy” rating for the company in a research note on Tuesday, February 4th. Finally, Bank of America cut their price target on Saia from $600.00 to $565.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $535.12.

Insiders Place Their Bets

In other news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $487.34, for a total value of $3,671,619.56. Following the completion of the transaction, the chief executive officer now owns 17,645 shares in the company, valued at $8,599,114.30. This represents a 29.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Kelly W. Benton sold 460 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total transaction of $230,000.00. Following the sale, the chief accounting officer now directly 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. Insiders sold 9,493 shares of company stock worth $4,646,181 over the last ninety days. 0.30% of the stock is currently owned by corporate insiders.

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.