Wasatch Advisors LP Cuts Stock Position in Saia, Inc. (NASDAQ:SAIA)

Wasatch Advisors LP lessened its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 16.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 576,087 shares of the transportation company's stock after selling 116,318 shares during the period. Saia comprises approximately 1.3% of Wasatch Advisors LP's investment portfolio, making the stock its 20th largest holding. Wasatch Advisors LP owned 2.17% of Saia worth $262,540,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SAIA. EverSource Wealth Advisors LLC boosted its holdings in Saia by 3.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 744 shares of the transportation company's stock worth $339,000 after buying an additional 26 shares in the last quarter. Arizona State Retirement System raised its position in shares of Saia by 0.4% in the fourth quarter. Arizona State Retirement System now owns 7,685 shares of the transportation company's stock worth $3,502,000 after acquiring an additional 29 shares during the period. Avantax Advisory Services Inc. boosted its stake in shares of Saia by 4.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 678 shares of the transportation company's stock worth $309,000 after acquiring an additional 30 shares in the last quarter. UMB Bank n.a. grew its position in shares of Saia by 1.0% during the 4th quarter. UMB Bank n.a. now owns 3,707 shares of the transportation company's stock valued at $1,689,000 after acquiring an additional 37 shares during the period. Finally, Avior Wealth Management LLC increased its stake in shares of Saia by 3.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,171 shares of the transportation company's stock valued at $534,000 after purchasing an additional 37 shares in the last quarter.

Insider Activity at Saia

In other Saia news, EVP Patrick D. Sugar sold 799 shares of Saia stock in a transaction on Monday, February 10th. The stock was sold at an average price of $493.74, for a total value 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. The trade was a 8.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matthew J. Batteh sold 700 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total value of $350,063.00. Following the completion of the transaction, the chief financial officer now directly owns 3,326 shares in the company, valued at approximately $1,663,299.34. This trade represents a 17.39 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,493 shares of company stock worth $4,646,181. Insiders own 0.30% of the company's stock.

Analysts Set New Price Targets

SAIA has been the topic of a number of recent analyst reports. 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 dropped their price target on shares of Saia from $524.00 to $480.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Deutsche Bank Aktiengesellschaft began coverage on shares of Saia in a report on Friday, March 7th. They issued a "buy" rating and a $570.00 price target for the company. UBS Group decreased their price objective on shares of Saia from $557.00 to $422.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Finally, Citigroup cut their target price on shares of Saia from $498.00 to $435.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company's stock. According to MarketBeat, Saia currently has a consensus rating of "Moderate Buy" and a consensus target price of $484.39.

Saia Trading Up 5.0 %

Shares of NASDAQ SAIA traded up $16.05 during trading on Friday, hitting $334.55. 426,856 shares of the company were exchanged, compared to its average volume of 456,627. 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 12-month low of $287.50 and a 12-month high of $624.55. The company has a fifty day moving average price of $382.94 and a 200-day moving average price of $453.60. The firm has a market capitalization of $8.91 billion, a PE ratio of 24.76, a P/E/G ratio of 2.24 and a beta of 1.99.

Saia (NASDAQ:SAIA - Get Free Report) last issued its 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). The firm had revenue of $789.00 million for the quarter, compared to analysts' expectations of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. Saia's revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the firm earned $3.33 earnings per share. As a group, equities research analysts expect that Saia, Inc. will post 15.46 EPS for the current year.

Saia Company 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.