Hantz Financial Services Inc. lowered its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 5.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,905 shares of the transportation company's stock after selling 1,451 shares during the period. Hantz Financial Services Inc. owned 0.09% of Saia worth $11,350,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in SAIA. Artemis Investment Management LLP grew its holdings in Saia by 72.9% in the 4th quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company's stock valued at $113,833,000 after buying an additional 105,356 shares during the period. Allspring Global Investments Holdings LLC increased its position in Saia by 64.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company's stock worth $109,589,000 after purchasing an additional 98,383 shares during the last quarter. Wasatch Advisors LP raised its stake in Saia by 10.2% during the third quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company's stock worth $302,761,000 after purchasing an additional 64,351 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in shares of Saia in the 3rd quarter valued at $22,979,000. Finally, International Assets Investment Management LLC grew its stake in shares of Saia by 43,625.8% during the 3rd quarter. International Assets Investment Management LLC now owns 38,916 shares of the transportation company's stock valued at $17,016,000 after buying an additional 38,827 shares during the period.
Insider Transactions at Saia
In related news, EVP Rohit Lal sold 1,120 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total value of $627,200.00. Following the sale, the executive vice president now directly owns 8,270 shares in the company, valued at $4,631,200. The trade was a 11.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.30% of the company's stock.
Analyst Ratings Changes
SAIA has been the topic of a number of research analyst reports. Stifel Nicolaus lifted their target price on Saia from $443.00 to $529.00 and gave the company a "hold" rating in a report on Thursday, January 23rd. Barclays decreased their target price on Saia from $620.00 to $600.00 and set an "overweight" rating for the company in a report on Friday, January 17th. JPMorgan Chase & Co. raised their price target on shares of Saia from $499.00 to $566.00 and gave the company an "overweight" rating in a report on Friday, December 6th. Susquehanna reissued a "neutral" rating and issued a $530.00 price objective (down previously from $565.00) on shares of Saia in a research report on Tuesday, January 7th. Finally, Evercore ISI reduced their price objective on Saia from $503.00 to $488.00 and set an "outperform" rating on the stock in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Saia currently has an average rating of "Moderate Buy" and an average price target of $527.65.
Read Our Latest Stock Report on Saia
Saia Stock Performance
SAIA stock traded down $14.41 during trading on Wednesday, hitting $481.41. 308,890 shares of the company's stock traded hands, compared to its average volume of 330,499. The stock has a market capitalization of $12.80 billion, a price-to-earnings ratio of 34.39, a price-to-earnings-growth ratio of 2.38 and a beta of 1.79. Saia, Inc. has a 52 week low of $358.90 and a 52 week high of $628.34. The stock has a fifty day moving average price of $501.77 and a two-hundred day moving average price of $461.88. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08.
About Saia
(
Free Report)
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.
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