Segall Bryant & Hamill LLC Sells 8,065 Shares of Saia, Inc. (NASDAQ:SAIA)

Segall Bryant & Hamill LLC lessened its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 32.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 16,831 shares of the transportation company's stock after selling 8,065 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.06% of Saia worth $7,670,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Saia by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 2,522,938 shares of the transportation company's stock valued at $1,149,779,000 after purchasing an additional 25,090 shares in the last quarter. LPL Financial LLC increased its position in shares of Saia by 22.6% during the fourth quarter. LPL Financial LLC now owns 25,381 shares of the transportation company's stock worth $11,567,000 after acquiring an additional 4,679 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Saia in the 4th quarter worth about $248,000. KLP Kapitalforvaltning AS bought a new position in Saia in the 4th quarter valued at about $2,461,000. Finally, TD Private Client Wealth LLC boosted its stake in Saia by 5.8% during the 4th quarter. TD Private Client Wealth LLC now owns 4,514 shares of the transportation company's stock valued at $2,057,000 after purchasing an additional 249 shares during the last quarter.

Insiders Place Their Bets

In other Saia news, CEO Frederick J. Holzgrefe III sold 7,534 shares of Saia stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the completion of the transaction, the chief executive officer now owns 17,645 shares of the company's stock, valued at $8,599,114.30. The trade was a 29.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Kelly W. Benton sold 460 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total transaction of $230,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 4,287 shares of the company's stock, valued at approximately $2,143,500. The trade was a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,493 shares of company stock worth $4,646,181 over the last 90 days. Corporate insiders own 0.30% of the company's stock.

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Saia Stock Performance

NASDAQ SAIA traded down $9.57 during trading on Monday, hitting $349.43. 752,863 shares of the company's stock traded hands, compared to its average volume of 428,526. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. The stock has a market capitalization of $9.30 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 2.24 and a beta of 1.89. Saia, Inc. has a 12-month low of $342.68 and a 12-month high of $624.55. The business has a 50 day moving average of $428.96 and a 200-day moving average of $464.56.

Saia (NASDAQ:SAIA - Get Free Report) last announced 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). Saia had a net margin of 11.28% and a return on equity of 16.63%. The business had revenue of $789.00 million for the quarter, compared to analysts' expectations of $794.69 million. During the same quarter in the previous year, the company posted $3.33 earnings per share. The business's quarterly revenue was up 5.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SAIA has been the topic of several recent analyst reports. TD Cowen raised their price objective on Saia from $456.00 to $478.00 and gave the company a "hold" rating in a research note on Tuesday, February 4th. Jefferies Financial Group raised their price target on shares of Saia from $525.00 to $560.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Stephens reaffirmed an "overweight" rating and issued a $600.00 price objective on shares of Saia in a research report on Thursday, February 6th. The Goldman Sachs Group lifted their target price on shares of Saia from $492.00 to $563.00 and gave the stock a "neutral" rating in a research report on Thursday, December 12th. Finally, Wells Fargo & Company reduced their target price on Saia from $510.00 to $400.00 and set an "equal weight" rating for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $513.06.

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.