Concentric Capital Strategies LP Lowers Stock Position in Saia, Inc. (NASDAQ:SAIA)

Concentric Capital Strategies LP decreased its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 32.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,872 shares of the transportation company's stock after selling 1,897 shares during the quarter. Concentric Capital Strategies LP's holdings in Saia were worth $1,765,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Saia by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 2,522,938 shares of the transportation company's stock valued at $1,149,779,000 after purchasing an additional 25,090 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Saia by 69.3% in the fourth quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company's stock worth $883,941,000 after acquiring an additional 794,197 shares during the last quarter. Voya Investment Management LLC increased its position in shares of Saia by 15.2% during the fourth quarter. Voya Investment Management LLC now owns 374,402 shares of the transportation company's stock worth $170,598,000 after purchasing an additional 49,442 shares in the last quarter. Balyasny Asset Management L.P. increased its position in shares of Saia by 24,815.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 372,728 shares of the transportation company's stock worth $169,863,000 after purchasing an additional 371,232 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Saia by 76.2% in the 4th quarter. Ameriprise Financial Inc. now owns 355,929 shares of the transportation company's stock valued at $162,213,000 after purchasing an additional 153,896 shares during the last quarter.

Wall Street Analysts Forecast Growth

SAIA has been the subject of a number of research reports. Susquehanna dropped their target price on shares of Saia from $540.00 to $410.00 and set a "neutral" rating for the company in a report on Monday, March 31st. Wells Fargo & Company cut their price objective on shares of Saia from $400.00 to $260.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. The Goldman Sachs Group lowered their target price on Saia from $485.00 to $387.00 and set a "neutral" rating on the stock in a report on Monday, April 28th. Jefferies Financial Group cut their price target on Saia from $560.00 to $455.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. Finally, Evercore ISI lowered their price objective on Saia from $415.00 to $298.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $342.58.

Saia Trading Down 1.9 %

NASDAQ:SAIA traded down $5.17 during trading hours on Friday, reaching $260.62. 479,304 shares of the stock were exchanged, compared to its average volume of 489,295. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 2.24 and a beta of 2.03. Saia, Inc. has a twelve month low of $229.12 and a twelve month high of $624.55. The business has a 50-day moving average of $330.05 and a two-hundred day moving average of $435.90.

Saia (NASDAQ:SAIA - Get Free Report) last released 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). The firm had revenue of $787.58 million during the quarter, compared to analyst estimates of $806.18 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. The business's revenue was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.38 earnings per share. On average, equities analysts predict that Saia, Inc. will post 15.46 EPS for the current year.

Insiders Place Their Bets

In related news, CAO Kelly W. Benton sold 460 shares of Saia stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total value of $230,000.00. Following the completion of the transaction, the chief accounting officer now owns 4,287 shares in the company, valued at $2,143,500. The trade was a 9.69 % decrease in their ownership of the stock. 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 the 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 $1,663,299.34. This trade represents a 17.39 % 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 ninety days. 0.30% of the stock is owned by corporate insiders.

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.