Saia, Inc. (NASDAQ:SAIA) Stock Holdings Lessened by Prudential Financial Inc.

Prudential Financial Inc. lessened its holdings in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 42.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,562 shares of the transportation company's stock after selling 1,138 shares during the quarter. Prudential Financial Inc.'s holdings in Saia were worth $712,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the stock. Kestra Investment Management LLC purchased a new stake in shares of Saia in the fourth quarter worth about $25,000. Atala Financial Inc purchased a new position in Saia in the 4th quarter worth approximately $36,000. Tortoise Investment Management LLC grew its position in Saia by 76.6% in the fourth quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company's stock valued at $51,000 after acquiring an additional 49 shares in the last quarter. Jones Financial Companies Lllp grew its position in Saia by 47.8% in the fourth quarter. Jones Financial Companies Lllp now owns 201 shares of the transportation company's stock valued at $92,000 after acquiring an additional 65 shares in the last quarter. Finally, Arcadia Investment Management Corp MI purchased a new stake in shares of Saia during the fourth quarter valued at approximately $154,000.

Saia Stock Performance

Shares of Saia stock traded down $21.08 during trading on Friday, hitting $330.37. 850,394 shares of the stock were exchanged, compared to its average volume of 453,982. The stock has a market cap of $8.80 billion, a PE ratio of 24.45, a P/E/G ratio of 2.24 and a beta of 1.99. The stock's fifty day moving average is $396.39 and its 200 day moving average is $456.78. Saia, Inc. has a 12 month low of $287.50 and a 12 month high of $624.55. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57.

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Saia (NASDAQ:SAIA - Get Free Report) last released its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing analysts' consensus estimates of $2.87 by ($0.03). Saia had a net margin of 11.28% and a return on equity of 16.63%. The business had revenue of $789.00 million for the quarter, compared to the consensus estimate of $794.69 million. During the same period last year, the firm posted $3.33 EPS. The business's quarterly revenue was up 5.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Saia, Inc. will post 15.46 EPS for the current year.

Insider Activity

In other Saia news, EVP Patrick D. Sugar sold 799 shares of the firm's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $493.74, for a total transaction of $394,498.26. Following the transaction, the executive vice president now owns 8,629 shares of the company's stock, valued at approximately $4,260,482.46. This trade represents a 8.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Kelly W. Benton sold 460 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total transaction of $230,000.00. Following the completion of the transaction, the chief accounting officer now owns 4,287 shares of the company's stock, valued at $2,143,500. This trade represents a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,493 shares of company stock valued at $4,646,181. Company insiders own 0.30% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on SAIA. Jefferies Financial Group lowered their price target on shares of Saia from $560.00 to $455.00 and set a "buy" rating for the company in a report on Wednesday. Stifel Nicolaus raised Saia from a "hold" rating to a "buy" rating and set a $524.00 price target for the company in a report on Monday, February 24th. Cowen restated a "hold" rating on shares of Saia in a report on Tuesday, February 4th. Stephens reiterated an "overweight" rating and set a $600.00 target price on shares of Saia in a research note on Thursday, February 6th. Finally, TD Cowen lifted their price target 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. One 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 company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $486.83.

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.