Capital Group Private Client Services Inc. Has $27.45 Million Stake in Saia, Inc. (NASDAQ:SAIA)

Capital Group Private Client Services Inc. lowered its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 17.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 60,241 shares of the transportation company's stock after selling 13,068 shares during the quarter. Capital Group Private Client Services Inc. owned about 0.23% of Saia worth $27,454,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the business. 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 worth $339,000 after buying an additional 26 shares in the last quarter. Arizona State Retirement System grew 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 during the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of Saia by 4.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 678 shares of the transportation company's stock valued at $309,000 after purchasing an additional 30 shares in the last quarter. UMB Bank n.a. raised its position in Saia by 1.0% in the 4th quarter. UMB Bank n.a. now owns 3,707 shares of the transportation company's stock worth $1,689,000 after purchasing an additional 37 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its holdings in Saia by 3.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,171 shares of the transportation company's stock worth $534,000 after buying an additional 37 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on SAIA shares. JPMorgan Chase & Co. dropped their target price on Saia from $566.00 to $558.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Raymond James lowered their price target on shares of Saia from $540.00 to $455.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Bank of America cut their price objective on shares of Saia from $565.00 to $484.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. UBS Group lowered their target price on shares of Saia from $557.00 to $422.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Finally, BMO Capital Markets raised Saia from a "market perform" rating to an "outperform" rating and set a $455.00 price target on the stock in a research note on Monday, April 7th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Saia has a consensus rating of "Moderate Buy" and an average price target of $484.39.

Insider Activity

In other Saia news, EVP Patrick D. Sugar sold 799 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 8,629 shares in the company, valued at $4,260,482.46. This trade represents a 8.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $487.34, for a total value of $3,671,619.56. Following the transaction, the chief executive officer now owns 17,645 shares in the company, valued at approximately $8,599,114.30. This trade represents a 29.92 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,493 shares of company stock valued at $4,646,181. 0.30% of the stock is owned by insiders.

Saia Stock Up 3.2 %

SAIA traded up $10.53 during trading hours on Wednesday, hitting $341.81. 353,340 shares of the company's stock were exchanged, compared to its average volume of 457,305. 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, Inc. has a 1-year low of $287.50 and a 1-year high of $624.55. The stock's 50-day moving average is $373.76 and its two-hundred day moving average is $451.71. The stock has a market cap of $9.10 billion, a price-to-earnings ratio of 25.30, a PEG ratio of 2.24 and a beta of 1.99.

Saia (NASDAQ:SAIA - Get Free Report) last released its earnings results 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). 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 was up 5.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.33 EPS. Sell-side analysts predict that Saia, Inc. will post 15.46 earnings per share for the current fiscal 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.