Natixis Advisors LLC Sells 988 Shares of Saia, Inc. (NASDAQ:SAIA)

Natixis Advisors LLC trimmed its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 0.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 157,928 shares of the transportation company's stock after selling 988 shares during the period. Natixis Advisors LLC owned approximately 0.59% of Saia worth $71,972,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Kestra Investment Management LLC acquired a new stake in Saia in the fourth quarter worth $25,000. Atala Financial Inc bought a new stake in shares of Saia in the 4th quarter valued at $36,000. Tortoise Investment Management LLC raised its stake in Saia by 76.6% during the 4th quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company's stock worth $51,000 after buying an additional 49 shares during the period. Jones Financial Companies Lllp lifted its holdings in Saia by 47.8% during the fourth quarter. Jones Financial Companies Lllp now owns 201 shares of the transportation company's stock worth $92,000 after acquiring an additional 65 shares in the last quarter. Finally, Arcadia Investment Management Corp MI acquired a new position in Saia in the fourth quarter valued at about $154,000.

Insider Buying and Selling at Saia

In other Saia news, CAO Kelly W. Benton sold 460 shares of the company's stock in a transaction on 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 directly owns 4,287 shares of the company's stock, valued at $2,143,500. This represents a 9.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Matthew J. Batteh sold 700 shares of Saia stock in a transaction 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 sale, the chief financial officer now directly owns 3,326 shares of the company's stock, valued at $1,663,299.34. This represents a 17.39 % decrease in their position. 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 in the last three months. 0.30% of the stock is currently owned by company insiders.

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Analyst Ratings Changes

A number of research firms have recently commented on SAIA. TD Cowen raised their price target on Saia from $456.00 to $478.00 and gave the stock a "hold" rating in a research report on Tuesday, February 4th. The Goldman Sachs Group increased their price objective on Saia from $492.00 to $563.00 and gave the stock a "neutral" rating in a report on Thursday, December 12th. Wells Fargo & Company dropped their target price on Saia from $550.00 to $510.00 and set an "equal weight" rating on the stock in a research report on Tuesday, February 4th. Raymond James reduced their price target on Saia from $560.00 to $540.00 and set an "outperform" rating for the company in a research report on Tuesday, February 4th. Finally, Barclays lowered their price objective on shares of Saia from $600.00 to $535.00 and set an "overweight" rating on the stock in a report on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, Saia has an average rating of "Moderate Buy" and a consensus target price of $526.39.

Saia Stock Performance

Shares of SAIA stock traded up $1.63 during trading on Thursday, reaching $352.28. 553,890 shares of the company's stock were exchanged, compared to its average volume of 413,256. The firm's fifty day moving average price is $445.90 and its 200-day moving average price is $466.25. Saia, Inc. has a twelve month low of $342.68 and a twelve month high of $624.55. The stock has a market capitalization of $9.38 billion, a PE ratio of 26.08, a PEG ratio of 2.24 and a beta of 1.89. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA - Get Free Report) last released its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing the consensus estimate of $2.87 by ($0.03). The company had revenue of $789.00 million during the quarter, compared to analyst estimates of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. Saia'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 earned $3.33 earnings per share. As a group, sell-side analysts anticipate that Saia, Inc. will post 15.46 EPS for the current year.

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.