Marks Group Wealth Management Inc Cuts Position in Saia, Inc. (NASDAQ:SAIA)

Marks Group Wealth Management Inc trimmed its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 5.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,217 shares of the transportation company's stock after selling 1,096 shares during the period. Marks Group Wealth Management Inc owned about 0.07% of Saia worth $8,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Paladin Wealth LLC purchased a new stake in Saia in the third quarter worth about $40,000. Blue Trust Inc. raised its holdings in shares of Saia by 319.1% in the 3rd quarter. Blue Trust Inc. now owns 285 shares of the transportation company's stock valued at $135,000 after purchasing an additional 217 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Saia by 148.0% in the 4th quarter. GAMMA Investing LLC now owns 367 shares of the transportation company's stock worth $167,000 after purchasing an additional 219 shares during the period. Rehmann Capital Advisory Group bought a new position in shares of Saia during the third quarter valued at approximately $213,000. Finally, Apollon Wealth Management LLC purchased a new position in Saia during the fourth quarter valued at approximately $252,000.

Saia Stock Performance

SAIA traded up $5.34 on Friday, reaching $487.53. 243,508 shares of the stock were exchanged, compared to its average volume of 391,539. The company's 50-day moving average price is $486.16 and its 200 day moving average price is $463.61. Saia, Inc. has a fifty-two week low of $358.90 and a fifty-two week high of $628.34. 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 firm has a market capitalization of $12.96 billion, a PE ratio of 36.09, a PEG ratio of 2.51 and a beta of 1.79.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing analysts' consensus estimates of $2.87 by ($0.03). The firm had revenue of $789.00 million for 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 business'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. As a group, sell-side analysts forecast that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Insider Activity

In related news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the sale, the chief executive officer now directly owns 17,645 shares of the company's stock, valued at approximately $8,599,114.30. This represents a 29.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Patrick D. Sugar sold 799 shares of the firm'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 sale, the executive vice president now owns 8,629 shares in the company, valued at approximately $4,260,482.46. This represents a 8.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,453 shares of company stock valued at $4,693,318 in the last quarter. 0.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

SAIA has been the subject of a number of analyst reports. JPMorgan Chase & Co. lowered their target price on Saia from $566.00 to $558.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Raymond James dropped their target price on Saia from $560.00 to $540.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 4th. 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. The Goldman Sachs Group increased their target price on Saia from $492.00 to $563.00 and gave the company a "neutral" rating in a research report on Thursday, December 12th. Finally, Stephens reaffirmed an "overweight" rating and set a $600.00 target price on shares of Saia in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $535.41.

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.