Saia, Inc. (NASDAQ:SAIA) Shares Sold by Sei Investments Co.

Sei Investments Co. decreased its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 4.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 122,716 shares of the transportation company's stock after selling 5,430 shares during the quarter. Sei Investments Co. owned approximately 0.46% of Saia worth $55,925,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SAIA. Oddo BHF Asset Management Sas acquired a new stake in shares of Saia during the 3rd quarter worth approximately $1,408,000. Highview Capital Management LLC DE purchased a new stake in Saia during the fourth quarter worth $1,324,000. Y Intercept Hong Kong Ltd acquired a new stake in Saia during the fourth quarter valued at $3,363,000. Charles Schwab Investment Management Inc. grew its position in Saia by 2.2% during 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 during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Saia by 13.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,804 shares of the transportation company's stock valued at $3,101,000 after buying an additional 788 shares in the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on SAIA shares. TD Cowen raised their target price on Saia from $456.00 to $478.00 and gave the company a "hold" rating in a research report on Tuesday, February 4th. Bank of America lowered their price target on Saia from $565.00 to $484.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Stifel Nicolaus upgraded Saia from a "hold" rating to a "buy" rating and set a $524.00 price objective for the company in a research report on Monday, February 24th. JPMorgan Chase & Co. decreased their target price on Saia from $566.00 to $558.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Finally, Raymond James dropped their price target on shares of Saia from $560.00 to $540.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $520.28.

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Insider Transactions at Saia

In other news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $487.34, for a total value of $3,671,619.56. Following the completion of the sale, the chief executive officer now owns 17,645 shares of the company's stock, valued at $8,599,114.30. This represents a 29.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Matthew J. Batteh sold 700 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total transaction of $350,063.00. Following the sale, the chief financial officer now owns 3,326 shares of the company's stock, valued at $1,663,299.34. This represents a 17.39 % decrease in their position. 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 in the last quarter. Company insiders own 0.30% of the company's stock.

Saia Price Performance

SAIA stock traded down $1.04 during mid-day trading on Thursday, reaching $376.00. The company's stock had a trading volume of 708,067 shares, compared to its average volume of 419,640. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The company's 50 day moving average is $436.61 and its two-hundred day moving average is $465.39. Saia, Inc. has a fifty-two week low of $342.68 and a fifty-two week high of $624.55. The stock has a market cap of $10.01 billion, a PE ratio of 27.83, a P/E/G ratio of 2.24 and a beta of 1.89.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing the consensus estimate 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 for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $3.33 EPS. Equities research analysts expect that Saia, Inc. will post 15.46 EPS for the current year.

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.