Victory Capital Management Inc. Sells 6,096 Shares of Saia, Inc. (NASDAQ:SAIA)

Victory Capital Management Inc. reduced its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,598 shares of the transportation company's stock after selling 6,096 shares during the quarter. Victory Capital Management Inc. owned 0.69% of Saia worth $83,215,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings 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 valued at $352,255,000 after purchasing an additional 24,351 shares in the last quarter. Wasatch Advisors LP lifted its stake in Saia by 10.2% in the 3rd 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 boosted its position 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 last quarter. Westfield Capital Management Co. LP grew its stake in shares of Saia by 11.8% during the 3rd quarter. Westfield Capital Management Co. LP now owns 303,582 shares of the transportation company's stock worth $132,744,000 after acquiring an additional 31,991 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Saia by 4.5% in the fourth 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 last quarter.

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Saia Stock Performance

Shares of NASDAQ SAIA traded down $9.32 during trading hours on Monday, reaching $366.60. 666,105 shares of the stock were exchanged, compared to its average volume of 434,091. The firm has a market capitalization of $9.76 billion, a price-to-earnings ratio of 27.14, a P/E/G ratio of 2.24 and a beta of 1.89. The stock's fifty day simple moving average is $461.82 and its 200 day simple moving average is $468.28. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. Saia, Inc. has a 52 week low of $358.90 and a 52 week high of $624.55.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $789.00 million during the quarter, compared to analyst estimates of $794.69 million. During the same period in the prior year, the company earned $3.33 earnings per share. The business's quarterly revenue was up 5.0% compared to the same quarter last year. Sell-side analysts predict that Saia, Inc. will post 15.46 EPS for the current year.

Insider Activity

In other news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the business's 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 transaction, the chief executive officer now directly owns 17,645 shares in the company, valued at approximately $8,599,114.30. The trade was a 29.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Patrick D. Sugar sold 799 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $493.74, for a total transaction of $394,498.26. Following the sale, the executive vice president now owns 8,629 shares in the company, valued at $4,260,482.46. This represents a 8.47 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,493 shares of company stock worth $4,646,181. Corporate insiders own 0.30% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SAIA shares. Susquehanna increased their target price on shares of Saia from $530.00 to $540.00 and gave the stock a "neutral" rating in a report on Tuesday, February 4th. Citigroup reduced their price objective on shares of Saia from $544.00 to $498.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. TD Cowen lifted 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. Jefferies Financial Group upped their target price on Saia from $525.00 to $560.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Saia in a research note on Friday. They issued a "buy" rating and a $570.00 price target for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $526.39.

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.