Bank of New York Mellon Corp Sells 1,790 Shares of Saia, Inc. (NASDAQ:SAIA)

Bank of New York Mellon Corp trimmed its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 0.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 189,391 shares of the transportation company's stock after selling 1,790 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.71% of Saia worth $86,311,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Kestra Investment Management LLC purchased a new position in Saia in the 4th quarter worth about $25,000. Arcadia Investment Management Corp MI bought a new position in Saia in the fourth quarter worth approximately $154,000. GAMMA Investing LLC raised its holdings in shares of Saia by 148.0% in the fourth quarter. GAMMA Investing LLC now owns 367 shares of the transportation company's stock valued at $167,000 after acquiring an additional 219 shares in the last quarter. World Equity Group Inc. bought a new stake in shares of Saia in the 4th quarter valued at about $201,000. Finally, Pinnacle Financial Partners Inc purchased a new stake in shares of Saia in the 4th quarter worth approximately $204,000.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SAIA. Citigroup decreased their target price on shares of Saia from $544.00 to $498.00 and set a "buy" rating for the company in a research report on Tuesday. JPMorgan Chase & Co. lowered their price target on Saia from $566.00 to $558.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Barclays reduced their price objective on Saia from $620.00 to $600.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. The Goldman Sachs Group raised their target price on Saia from $492.00 to $563.00 and gave the stock a "neutral" rating in a report on Thursday, December 12th. Finally, Wells Fargo & Company cut their price target on Saia from $550.00 to $510.00 and set an "equal weight" rating for the company in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, Saia has an average rating of "Moderate Buy" and a consensus target price of $527.65.

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Saia Stock Performance

Shares of NASDAQ:SAIA traded down $5.03 on Thursday, reaching $390.17. The company's stock had a trading volume of 122,544 shares, compared to its average volume of 420,658. Saia, Inc. has a 52-week low of $358.90 and a 52-week high of $624.55. The stock's 50-day moving average is $465.68 and its two-hundred day moving average is $467.89. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. The stock has a market capitalization of $10.39 billion, a P/E ratio of 28.88, a PEG ratio of 2.24 and a beta of 1.79.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share (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 business had revenue of $789.00 million for the quarter, compared to analyst estimates of $794.69 million. During the same quarter last year, the business earned $3.33 EPS. Saia's revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Saia, Inc. will post 15.46 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Matthew J. Batteh sold 700 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total value of $350,063.00. Following the sale, the chief financial officer now owns 3,326 shares in the company, valued at approximately $1,663,299.34. This trade represents a 17.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Patrick D. Sugar sold 799 shares of the company's stock in a transaction on 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. The trade was a 8.47 % 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 worth $4,646,181. 0.30% of the stock is owned by company insiders.

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.