Legal & General Group Plc Decreases Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

Legal & General Group Plc decreased its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 14.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 45,813 shares of the transportation company's stock after selling 7,907 shares during the quarter. Legal & General Group Plc owned approximately 0.17% of Saia worth $20,878,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its position in Saia by 3.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 744 shares of the transportation company's stock valued at $339,000 after acquiring an additional 26 shares during the period. Arizona State Retirement System increased its stake in shares of 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 purchasing an additional 29 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in shares of Saia by 4.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 678 shares of the transportation company's stock worth $309,000 after purchasing an additional 30 shares in the last quarter. UMB Bank n.a. increased its position 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 raised its stake in Saia by 3.3% during 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 during the last quarter.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on SAIA. Susquehanna reduced their price target on Saia from $540.00 to $410.00 and set a "neutral" rating for the company in a report on Monday, March 31st. Deutsche Bank Aktiengesellschaft initiated coverage on Saia in a research report on Friday, March 7th. They issued a "buy" rating and a $570.00 price objective on the stock. TD Cowen upped their price target on Saia from $456.00 to $478.00 and gave the company a "hold" rating in a report on Tuesday, February 4th. Citigroup dropped their price objective on Saia from $498.00 to $435.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, Barclays decreased their target price on Saia from $535.00 to $475.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $484.39.

Saia Stock Performance

Saia stock traded up $15.69 during midday trading on Thursday, hitting $334.19. The stock had a trading volume of 360,760 shares, compared to its average volume of 455,449. Saia, Inc. has a 52-week low of $287.50 and a 52-week high of $624.55. The company has a market capitalization of $8.90 billion, a PE ratio of 24.74, a P/E/G ratio of 2.24 and a beta of 1.99. The firm's fifty day moving average is $386.17 and its two-hundred day moving average is $454.31. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA - Get Free Report) last announced 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). Saia had a return on equity of 16.63% and a net margin of 11.28%. The firm had revenue of $789.00 million during the quarter, compared to analysts' expectations of $794.69 million. During the same period last year, the company earned $3.33 earnings per share. The business's revenue for the quarter was up 5.0% on a year-over-year basis. On average, research analysts forecast that Saia, Inc. will post 15.46 EPS for the current year.

Insiders Place Their Bets

In other Saia news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the stock in a transaction that occurred on 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 directly owns 17,645 shares of the company's stock, valued at $8,599,114.30. This trade represents a 29.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Matthew J. Batteh sold 700 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total transaction of $350,063.00. Following the completion of the transaction, the chief financial officer now directly owns 3,326 shares in the company, valued at $1,663,299.34. This trade represents a 17.39 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,493 shares of company stock worth $4,646,181. Corporate insiders own 0.30% of the company's stock.

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.