TimesSquare Capital Management LLC Sells 6,337 Shares of Saia, Inc. (NASDAQ:SAIA)

TimesSquare Capital Management LLC cut its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 5.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 105,950 shares of the transportation company's stock after selling 6,337 shares during the quarter. TimesSquare Capital Management LLC owned about 0.40% of Saia worth $48,285,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Kestra Investment Management LLC bought a new position in shares of Saia in the 4th quarter worth $25,000. Blue Trust Inc. grew its holdings in Saia by 319.1% during the third quarter. Blue Trust Inc. now owns 285 shares of the transportation company's stock valued at $135,000 after purchasing an additional 217 shares during the period. GAMMA Investing LLC increased its stake in Saia by 148.0% in the fourth quarter. GAMMA Investing LLC now owns 367 shares of the transportation company's stock valued at $167,000 after purchasing an additional 219 shares in the last quarter. Rehmann Capital Advisory Group acquired a new stake in Saia in the third quarter worth $213,000. Finally, Apollon Wealth Management LLC bought a new position in shares of Saia during the fourth quarter worth $252,000.

Insider Activity

In other Saia news, CFO Matthew J. Batteh sold 700 shares of the company'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 value of $350,063.00. Following the sale, the chief financial officer now owns 3,326 shares in the company, valued at $1,663,299.34. This represents a 17.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Kelly W. Benton sold 460 shares of Saia stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total value of $230,000.00. Following the transaction, the chief accounting officer now owns 4,287 shares of the company's stock, valued at $2,143,500. This represents a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,493 shares of company stock valued at $4,646,181 in the last quarter. Company insiders own 0.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SAIA. Wells Fargo & Company lowered their price objective on shares of Saia from $550.00 to $510.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 4th. The Goldman Sachs Group increased their price target on Saia from $492.00 to $563.00 and gave the stock a "neutral" rating in a report on Thursday, December 12th. Citigroup cut their price objective on Saia from $561.00 to $544.00 and set a "buy" rating on the stock in a report on Tuesday, February 4th. Jefferies Financial Group increased their target price on Saia from $525.00 to $560.00 and gave the stock a "buy" rating in a research note on Friday, January 10th. Finally, Raymond James cut 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 eleven have assigned a buy rating to the company's stock. According to data from MarketBeat, Saia presently has an average rating of "Moderate Buy" and an average price target of $535.41.

Saia Stock Down 9.1 %

SAIA stock traded down $41.43 during mid-day trading on Friday, reaching $412.47. The company had a trading volume of 55,601 shares, compared to its average volume of 361,942. The company has a market capitalization of $10.97 billion, a price-to-earnings ratio of 30.52, a PEG ratio of 2.35 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 50 day simple moving average of $482.92 and a two-hundred day simple moving average of $465.82. 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 (NASDAQ:SAIA - Get Free Report) last released its earnings results 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 during the quarter, compared to the consensus estimate of $794.69 million. During the same period in the prior year, the business posted $3.33 earnings per share. Saia's quarterly revenue was up 5.0% compared to the same quarter last year. As a group, equities analysts predict that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

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.