Saia, Inc. (NASDAQ:SAIA) Holdings Reduced by Concentric Capital Strategies LP

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

A number of other institutional investors have also bought and sold shares of the business. Franklin Resources Inc. grew its position in shares of Saia by 6.0% during the third quarter. Franklin Resources Inc. now owns 68,474 shares of the transportation company's stock valued at $31,633,000 after purchasing an additional 3,886 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of 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 during the period. Everence Capital Management Inc. purchased a new stake in shares of Saia in the fourth quarter valued at approximately $301,000. Fifth Third Wealth Advisors LLC raised its stake in Saia by 16.7% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 1,110 shares of the transportation company's stock worth $506,000 after buying an additional 159 shares in the last quarter. Finally, Park Avenue Securities LLC raised its stake in Saia by 14.7% in the fourth quarter. Park Avenue Securities LLC now owns 1,267 shares of the transportation company's stock worth $577,000 after buying an additional 162 shares in the last quarter.

Saia Stock Performance

NASDAQ SAIA traded down $2.84 during trading hours on Tuesday, hitting $290.07. The company had a trading volume of 245,443 shares, compared to its average volume of 493,100. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. The company has a market cap of $7.73 billion, a PE ratio of 21.47, a price-to-earnings-growth ratio of 2.24 and a beta of 2.03. The business has a 50 day moving average of $328.00 and a 200-day moving average of $434.88. Saia, Inc. has a 1-year low of $229.12 and a 1-year high of $624.55.

Saia (NASDAQ:SAIA - Get Free Report) last released its earnings results on Friday, April 25th. The transportation company reported $1.86 EPS for the quarter, missing analysts' consensus estimates of $2.77 by ($0.91). Saia had a net margin of 11.28% and a return on equity of 16.63%. The business had revenue of $787.58 million during the quarter, compared to analyst estimates of $806.18 million. During the same period last year, the business posted $3.38 EPS. Saia's revenue was up 4.3% compared to the same quarter last year. As a group, equities research analysts expect that Saia, Inc. will post 15.46 EPS for the current year.

Insiders Place Their Bets

In other Saia news, CAO Kelly W. Benton sold 460 shares of Saia stock in a transaction 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 transaction, the chief accounting officer now owns 4,287 shares in the company, valued at $2,143,500. This trade represents a 9.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Matthew J. Batteh sold 700 shares of Saia stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total transaction of $350,063.00. Following the transaction, the chief financial officer now owns 3,326 shares in the company, valued at $1,663,299.34. The trade was a 17.39% decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have weighed in on SAIA shares. BMO Capital Markets downgraded shares of Saia from an "outperform" rating to a "market perform" rating and dropped their target price for the stock from $455.00 to $285.00 in a research report on Friday, April 25th. Cowen reissued a "hold" rating on shares of Saia in a research note on Tuesday, February 4th. Evercore ISI lowered their target price on shares of Saia from $415.00 to $298.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Stifel Nicolaus set a $277.00 price target on shares of Saia in a research note on Monday, April 28th. Finally, Citigroup decreased their target price on shares of Saia from $498.00 to $435.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Twelve equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, Saia presently has a consensus rating of "Hold" and an average price target of $342.58.

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.