Saia, Inc. (NASDAQ:SAIA) Shares Sold by F M Investments LLC

F M Investments LLC trimmed its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 45.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 15,037 shares of the transportation company's stock after selling 12,309 shares during the quarter. F M Investments LLC owned approximately 0.06% of Saia worth $6,853,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Ranger Investment Management L.P. boosted its position in shares of Saia by 41.4% during the fourth quarter. Ranger Investment Management L.P. now owns 44,982 shares of the transportation company's stock worth $20,500,000 after acquiring an additional 13,171 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Saia during the fourth quarter valued at about $46,514,000. Bank of Montreal Can increased its holdings in shares of Saia by 10.3% in the fourth quarter. Bank of Montreal Can now owns 3,532 shares of the transportation company's stock worth $1,610,000 after purchasing an additional 329 shares during the last quarter. Wedbush Securities Inc. purchased a new position in Saia during the 4th quarter valued at approximately $261,000. Finally, Envestnet Asset Management Inc. increased its stake in Saia by 0.4% in the 4th quarter. Envestnet Asset Management Inc. now owns 111,067 shares of the transportation company's stock worth $50,617,000 after acquiring an additional 488 shares during the last quarter.

Insider Transactions at Saia

In other Saia news, CAO Kelly W. Benton sold 460 shares of Saia stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total value of $230,000.00. Following the transaction, the chief accounting officer now owns 4,287 shares in the company, valued at $2,143,500. The trade was a 9.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 sale, the chief executive officer now directly owns 17,645 shares of the company's stock, valued at approximately $8,599,114.30. The trade was a 29.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,493 shares of company stock valued at $4,646,181. Company insiders own 0.30% of the company's stock.

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Saia Stock Down 3.0 %

NASDAQ SAIA traded down $10.17 on Tuesday, reaching $330.47. 119,616 shares of the stock traded hands, compared to its average volume of 452,787. Saia, Inc. has a 12 month low of $287.50 and a 12 month high of $624.55. The company has a market cap of $8.80 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 2.24 and a beta of 1.99. The company has a fifty day moving average price of $393.15 and a 200-day moving average price of $456.12. 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 (NASDAQ:SAIA - Get Free Report) last released its quarterly earnings data 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 net margin of 11.28% and a return on equity of 16.63%. The firm had revenue of $789.00 million during the quarter, compared to the consensus estimate of $794.69 million. During the same quarter in the previous year, the firm earned $3.33 earnings per share. The business's revenue was up 5.0% compared to the same quarter last year. As a group, research analysts forecast that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on SAIA. Stephens reiterated an "overweight" rating and set a $600.00 target price on shares of Saia in a research report on Thursday, February 6th. TD Cowen lifted their price objective on shares of Saia from $456.00 to $478.00 and gave the stock a "hold" rating in a research note on Tuesday, February 4th. Stifel Nicolaus decreased their target price on shares of Saia from $524.00 to $480.00 and set a "buy" rating on the stock in a research report on Monday. Cowen reiterated a "hold" rating on shares of Saia in a research report on Tuesday, February 4th. Finally, Barclays dropped their target price on Saia from $535.00 to $475.00 and set an "overweight" rating for the company in a report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $484.39.

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.