Capital Fund Management S.A. Sells 17,679 Shares of Saia, Inc. (NASDAQ:SAIA)

Capital Fund Management S.A. cut its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 36.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,440 shares of the transportation company's stock after selling 17,679 shares during the period. Capital Fund Management S.A. owned 0.12% of Saia worth $14,328,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Quantinno Capital Management LP lifted its stake in Saia by 66.7% in the third quarter. Quantinno Capital Management LP now owns 827 shares of the transportation company's stock worth $362,000 after purchasing an additional 331 shares during the last quarter. Orion Portfolio Solutions LLC raised its holdings in shares of Saia by 31.2% in the third quarter. Orion Portfolio Solutions LLC now owns 2,231 shares of the transportation company's stock valued at $976,000 after acquiring an additional 530 shares in the last quarter. MML Investors Services LLC increased its position in Saia by 89.8% during the 3rd quarter. MML Investors Services LLC now owns 4,313 shares of the transportation company's stock valued at $1,886,000 after purchasing an additional 2,041 shares during the period. Geode Capital Management LLC lifted its position in shares of Saia by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 471,667 shares of the transportation company's stock worth $206,292,000 after purchasing an additional 6,456 shares during the period. Finally, TD Private Client Wealth LLC boosted its stake in shares of Saia by 7.8% during the third quarter. TD Private Client Wealth LLC now owns 4,265 shares of the transportation company's stock valued at $1,865,000 after purchasing an additional 308 shares in the last quarter.

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Insider Activity at Saia

In related news, CFO Matthew J. Batteh sold 700 shares of the business'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 directly owns 3,326 shares in the company, valued at approximately $1,663,299.34. The trade was a 17.39 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Patrick D. Sugar sold 799 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $493.74, for a total transaction of $394,498.26. Following the transaction, the executive vice president now owns 8,629 shares of the company's stock, valued at approximately $4,260,482.46. This represents a 8.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,493 shares of company stock valued at $4,646,181 in the last three months. Corporate insiders own 0.30% of the company's stock.

Saia Stock Down 2.9 %

Shares of SAIA traded down $9.92 during trading hours on Tuesday, hitting $330.72. 399,499 shares of the company were exchanged, compared to its average volume of 454,664. The firm's 50 day moving average is $389.59 and its 200-day moving average is $455.25. 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 52 week low of $287.50 and a 52 week high of $624.55. The company has a market cap of $8.81 billion, a PE ratio of 24.48, a PEG ratio of 2.24 and a beta of 1.99.

Saia (NASDAQ:SAIA - Get Free Report) last released its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.87 by ($0.03). The firm had revenue of $789.00 million for 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%. The business's revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.33 earnings per share. On average, equities research analysts forecast that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets upgraded Saia from a "market perform" rating to an "outperform" rating and set a $455.00 price target on the stock in a research note on Monday, April 7th. TD Cowen upped their price objective on shares of Saia from $456.00 to $478.00 and gave the stock a "hold" rating in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Saia in a report on Friday, March 7th. They issued a "buy" rating and a $570.00 target price on the stock. Cowen restated a "hold" rating on shares of Saia in a report on Tuesday, February 4th. Finally, UBS Group decreased their price objective on Saia from $557.00 to $422.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $484.39.

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.