Thrivent Financial for Lutherans Sells 5,639 Shares of Saia, Inc. (NASDAQ:SAIA)

Thrivent Financial for Lutherans lowered its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 73,939 shares of the transportation company's stock after selling 5,639 shares during the period. Thrivent Financial for Lutherans owned 0.28% of Saia worth $33,697,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. State Street Corp increased its stake in shares of Saia by 3.1% in the third quarter. State Street Corp now owns 805,597 shares of the transportation company's stock worth $352,255,000 after purchasing an additional 24,351 shares in the last quarter. Wasatch Advisors LP grew 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 valued at $302,761,000 after acquiring an additional 64,351 shares in the last quarter. Geode Capital Management LLC increased its holdings in Saia by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 471,667 shares of the transportation company's stock worth $206,292,000 after acquiring an additional 6,456 shares during the period. Westfield Capital Management Co. LP lifted its stake in Saia by 11.8% in the 3rd quarter. Westfield Capital Management Co. LP now owns 303,582 shares of the transportation company's stock worth $132,744,000 after purchasing an additional 31,991 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Saia by 4.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 261,803 shares of the transportation company's stock valued at $116,670,000 after purchasing an additional 11,177 shares during the period.

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Insiders Place Their Bets

In related news, EVP Patrick D. Sugar sold 799 shares of the 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 transaction, the executive vice president now directly owns 8,629 shares in the company, valued at $4,260,482.46. This trade represents a 8.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Matthew J. Batteh sold 700 shares of Saia 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 of the company's stock, valued at approximately $1,663,299.34. This trade represents a 17.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,493 shares of company stock worth $4,646,181. 0.30% of the stock is owned by corporate insiders.

Saia Trading Down 0.8 %

NASDAQ:SAIA traded down $3.00 during trading hours on Tuesday, hitting $378.49. The company had a trading volume of 548,060 shares, compared to its average volume of 460,407. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. Saia, Inc. has a 52 week low of $342.68 and a 52 week high of $624.55. The company has a market capitalization of $10.08 billion, a PE ratio of 28.02, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89. The stock has a 50-day moving average price of $440.60 and a 200 day moving average price of $466.18.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing the consensus estimate of $2.87 by ($0.03). Saia had a net margin of 11.28% and a return on equity of 16.63%. The firm had revenue of $789.00 million for the quarter, compared to the consensus estimate of $794.69 million. The business's revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $3.33 earnings per share. On average, equities research analysts predict that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SAIA has been the subject of several research analyst reports. The Goldman Sachs Group lifted their price objective on Saia from $492.00 to $563.00 and gave the company a "neutral" rating in a research note on Thursday, December 12th. Cowen restated a "hold" rating on shares of Saia in a research report on Tuesday, February 4th. Bank of America lowered their target price on shares of Saia from $565.00 to $484.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. Stifel Nicolaus upgraded Saia from a "hold" rating to a "buy" rating and set a $524.00 price objective on the stock in a research report on Monday, February 24th. Finally, Stephens reaffirmed an "overweight" rating and set a $600.00 target price on shares of Saia in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $526.39.

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.