Saia, Inc. (NASDAQ:SAIA) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE trimmed its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 3.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,837 shares of the transportation company's stock after selling 1,219 shares during the period. Congress Wealth Management LLC DE owned 0.12% of Saia worth $14,510,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. EverSource Wealth Advisors LLC grew its position in shares of Saia by 3.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 744 shares of the transportation company's stock valued at $339,000 after purchasing an additional 26 shares in the last quarter. Arizona State Retirement System boosted its stake in Saia by 0.4% during the fourth quarter. Arizona State Retirement System now owns 7,685 shares of the transportation company's stock valued at $3,502,000 after buying an additional 29 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in Saia by 4.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 678 shares of the transportation company's stock valued at $309,000 after buying an additional 30 shares in the last quarter. UMB Bank n.a. grew its holdings in Saia by 1.0% during the 4th quarter. UMB Bank n.a. now owns 3,707 shares of the transportation company's stock valued at $1,689,000 after buying an additional 37 shares in the last quarter. Finally, Avior Wealth Management LLC increased its stake in Saia by 3.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,171 shares of the transportation company's stock worth $534,000 after acquiring an additional 37 shares during the last quarter.

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Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on SAIA shares. Raymond James cut their target price on shares of Saia from $560.00 to $540.00 and set an "outperform" rating for the company in a report on Tuesday, February 4th. TD Cowen upped 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. Stephens restated an "overweight" rating and set a $600.00 price target on shares of Saia in a report on Thursday, February 6th. Susquehanna lifted their price objective on shares of Saia from $530.00 to $540.00 and gave the stock a "neutral" rating in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. cut their price target on shares of Saia from $566.00 to $558.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. One equities research 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's stock. According to MarketBeat.com, Saia currently has a consensus rating of "Moderate Buy" and an average target price of $520.28.

Saia Stock Down 0.8 %

Saia stock traded down $2.90 during mid-day trading on Thursday, reaching $374.15. 141,869 shares of the company were exchanged, compared to its average volume of 458,344. 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 $9.96 billion, a P/E ratio of 27.69, a PEG ratio of 2.24 and a beta of 1.89. The business has a fifty day moving average of $436.61 and a 200 day moving average of $465.39. Saia, Inc. has a 12-month low of $342.68 and a 12-month high of $624.55.

Saia (NASDAQ:SAIA - Get Free Report) last released its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 EPS 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 company had revenue of $789.00 million during the quarter, compared to the consensus estimate of $794.69 million. During the same period in the previous year, the firm posted $3.33 earnings per share. The company's revenue was up 5.0% on a year-over-year basis. Research analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Saia

In other news, EVP Patrick D. Sugar sold 799 shares of the company's stock in a transaction 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $487.34, for a total value of $3,671,619.56. Following the completion of the sale, the chief executive officer now directly owns 17,645 shares of the company's stock, valued at $8,599,114.30. The trade was a 29.92 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,493 shares of company stock valued at $4,646,181. 0.30% of the stock is currently owned by insiders.

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.