CIBC Private Wealth Group LLC Reduces Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

CIBC Private Wealth Group LLC lessened its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 67,172 shares of the transportation company's stock after selling 1,754 shares during the quarter. CIBC Private Wealth Group LLC owned 0.25% of Saia worth $30,108,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SAIA. Intrust Bank NA boosted its stake in Saia by 19.8% in the 4th quarter. Intrust Bank NA now owns 1,197 shares of the transportation company's stock worth $546,000 after purchasing an additional 198 shares in the last quarter. Brown Brothers Harriman & Co. acquired a new stake in shares of Saia during the fourth quarter worth $64,000. Pictet Asset Management Holding SA grew its holdings in shares of Saia by 4.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 3,553 shares of the transportation company's stock valued at $1,619,000 after buying an additional 142 shares during the last quarter. Norges Bank acquired a new position in shares of Saia in the 4th quarter valued at $64,410,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Saia by 172.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock worth $28,000 after acquiring an additional 38 shares during the last quarter.

Insider Buying and Selling at Saia

In related news, EVP Patrick D. Sugar sold 799 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $493.74, for a total value of $394,498.26. Following the completion of the transaction, the executive vice president now directly owns 8,629 shares of the company's stock, valued at approximately $4,260,482.46. This represents a 8.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the completion of the sale, the chief executive officer now owns 17,645 shares of the company's stock, valued at $8,599,114.30. This trade represents a 29.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,493 shares of company stock valued at $4,646,181 over the last ninety days. Corporate insiders own 0.30% of the company's stock.

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Wall Street Analysts Forecast Growth

Several analysts have weighed in on SAIA shares. Stephens reiterated an "overweight" rating and set a $600.00 price target on shares of Saia in a research note on Thursday, February 6th. Susquehanna dropped their target price on Saia from $540.00 to $410.00 and set a "neutral" rating on the stock in a research report on Monday, March 31st. TD Cowen increased their price target on shares of Saia from $456.00 to $478.00 and gave the stock a "hold" rating in a report on Tuesday, February 4th. 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 note on Monday, February 24th. Finally, Barclays cut their price objective on shares of Saia from $535.00 to $475.00 and set an "overweight" rating on the stock in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $509.72.

Saia Price Performance

NASDAQ SAIA traded up $2.41 during trading hours on Friday, reaching $322.38. The company's stock had a trading volume of 1,959,792 shares, compared to its average volume of 443,206. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. Saia, Inc. has a 1-year low of $287.50 and a 1-year high of $624.55. The company's 50-day moving average is $416.37 and its two-hundred day moving average is $461.75. The firm has a market capitalization of $8.58 billion, a price-to-earnings ratio of 23.86, a P/E/G ratio of 2.24 and a beta of 1.89.

Saia (NASDAQ:SAIA - Get Free Report) last announced its earnings results 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). Saia had a return on equity of 16.63% and a net margin of 11.28%. The business had revenue of $789.00 million for the quarter, compared to analyst estimates of $794.69 million. During the same period in the previous year, the company earned $3.33 earnings per share. The company's quarterly revenue was up 5.0% compared to the same quarter last year. On average, equities analysts predict that Saia, Inc. will post 15.46 EPS for the current year.

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.