Saia, Inc. (NASDAQ:SAIA) Holdings Trimmed by Invesco Ltd.

Invesco Ltd. cut its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 174,825 shares of the transportation company's stock after selling 6,641 shares during the period. Invesco Ltd. owned about 0.66% of Saia worth $79,673,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SAIA. Oddo BHF Asset Management Sas purchased a new stake in Saia in the third quarter valued at $1,408,000. Highview Capital Management LLC DE purchased a new position in Saia during the 4th quarter worth $1,324,000. Y Intercept Hong Kong Ltd acquired a new stake in Saia in the fourth quarter valued at about $3,363,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Saia by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 226,137 shares of the transportation company's stock valued at $103,057,000 after buying an additional 4,972 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Saia by 13.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,804 shares of the transportation company's stock worth $3,101,000 after purchasing an additional 788 shares during the period.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. UBS Group decreased their target price on Saia from $557.00 to $422.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. cut their price objective on shares of Saia from $566.00 to $558.00 and set an "overweight" rating on the stock in a report on Tuesday, February 4th. Barclays dropped their price target on Saia from $535.00 to $475.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. Susquehanna reduced their target price on shares of Saia from $540.00 to $410.00 and set a "neutral" rating on the stock in a report on Monday, March 31st. Finally, Stephens restated an "overweight" rating and issued a $600.00 price target on shares of Saia in a report on Thursday, February 6th. One 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 MarketBeat.com, Saia currently has a consensus rating of "Moderate Buy" and an average target price of $484.39.

Saia Stock Performance

NASDAQ SAIA traded up $16.05 during trading hours on Friday, hitting $334.55. The company had a trading volume of 426,856 shares, compared to its average volume of 456,168. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. The firm has a market cap of $8.91 billion, a P/E ratio of 24.76, a price-to-earnings-growth ratio of 2.24 and a beta of 1.99. Saia, Inc. has a fifty-two week low of $287.50 and a fifty-two week high of $624.55. The business has a fifty day simple moving average of $382.94 and a 200-day simple moving average of $453.60.

Saia (NASDAQ:SAIA - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $789.00 million during the quarter, compared to analyst estimates of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The firm's revenue was up 5.0% on a year-over-year basis. During the same period last year, the business earned $3.33 EPS. Equities analysts predict that Saia, Inc. will post 15.46 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Patrick D. Sugar sold 799 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $493.74, for a total value of $394,498.26. Following the completion of the sale, the executive vice president now owns 8,629 shares of the company's stock, valued at $4,260,482.46. This represents a 8.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Matthew J. Batteh sold 700 shares of the firm's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total transaction of $350,063.00. Following the transaction, the chief financial officer now directly owns 3,326 shares in the company, valued at approximately $1,663,299.34. The trade was 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. 0.30% of the stock is owned by company insiders.

About Saia

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.