Saia, Inc. (NASDAQ:SAIA) Shares Sold by Capital Research Global Investors

Capital Research Global Investors cut its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 37.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 509,876 shares of the transportation company's stock after selling 306,189 shares during the period. Capital Research Global Investors owned approximately 1.92% of Saia worth $232,366,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its holdings in shares of Saia by 3.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 744 shares of the transportation company's stock worth $339,000 after acquiring an additional 26 shares in the last quarter. Arizona State Retirement System grew its holdings 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 valued at $3,502,000 after purchasing an additional 29 shares in the last quarter. Avantax Advisory Services Inc. increased its position in Saia by 4.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 678 shares of the transportation company's stock worth $309,000 after purchasing an additional 30 shares during the last quarter. UMB Bank n.a. lifted its position in Saia by 1.0% during the fourth quarter. UMB Bank n.a. now owns 3,707 shares of the transportation company's stock valued at $1,689,000 after purchasing an additional 37 shares during the last quarter. Finally, Avior Wealth Management LLC lifted its position in Saia by 3.3% during the fourth 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 during the last quarter.

Insiders Place Their Bets

In other news, EVP Patrick D. Sugar sold 799 shares of the firm's 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 sale, the executive vice president now directly owns 8,629 shares in the company, valued at approximately $4,260,482.46. This trade represents a 8.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the transaction, the chief executive officer now owns 17,645 shares of the company's stock, valued at approximately $8,599,114.30. This trade represents a 29.92 % 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 three months. Corporate insiders own 0.30% of the company's stock.

Saia Trading Down 32.8 %

NASDAQ:SAIA traded down $116.35 during midday trading on Friday, hitting $237.87. The stock had a trading volume of 2,558,575 shares, compared to its average volume of 466,525. The stock has a 50-day moving average of $368.17 and a 200 day moving average of $450.46. The company has a market capitalization of $6.33 billion, a price-to-earnings ratio of 17.86, a PEG ratio of 2.24 and a beta of 1.99. Saia, Inc. has a one year low of $236.99 and a one year high of $624.55. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA - Get Free Report) last issued its earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share for the quarter, missing the consensus estimate of $2.77 by ($0.91). Saia had a return on equity of 16.63% and a net margin of 11.28%. During the same period in the previous year, the firm earned $3.38 earnings per share. As a group, sell-side analysts forecast that Saia, Inc. will post 15.46 EPS for the current year.

Analyst Upgrades and Downgrades

SAIA has been the topic of several recent research reports. TD Cowen upped their target price on shares of Saia from $456.00 to $478.00 and gave the company a "hold" rating in a research report on Tuesday, February 4th. Cowen restated a "hold" rating on shares of Saia in a research report on Tuesday, February 4th. Raymond James lowered their price objective on Saia from $540.00 to $455.00 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Stifel Nicolaus decreased their price target on Saia from $524.00 to $480.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Citigroup lowered their price target on Saia from $498.00 to $435.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, Saia has an average rating of "Moderate Buy" and a consensus price target of $474.94.

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.