Polar Asset Management Partners Inc. Sells 6,681 Shares of Saia, Inc. (NASDAQ:SAIA)

Polar Asset Management Partners Inc. lessened its holdings in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 52.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,119 shares of the transportation company's stock after selling 6,681 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in Saia were worth $2,789,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its position in Saia by 3.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 744 shares of the transportation company's stock valued at $339,000 after purchasing an additional 26 shares in the last quarter. Core Wealth Advisors Inc. raised its holdings in shares of Saia by 3.9% during the 4th quarter. Core Wealth Advisors Inc. now owns 700 shares of the transportation company's stock valued at $319,000 after buying an additional 26 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Saia by 0.4% during the 4th quarter. Arizona State Retirement System now owns 7,685 shares of the transportation company's stock valued at $3,502,000 after buying an additional 29 shares in the last quarter. Avantax Advisory Services Inc. lifted its position in Saia by 4.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 678 shares of the transportation company's stock worth $309,000 after buying an additional 30 shares during the last quarter. Finally, Greenleaf Trust boosted its stake in Saia by 6.4% in the fourth quarter. Greenleaf Trust now owns 613 shares of the transportation company's stock worth $279,000 after buying an additional 37 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Citigroup decreased their price target 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. Wolfe Research lowered shares of Saia from an "outperform" rating to a "peer perform" rating in a report on Tuesday, April 29th. The Goldman Sachs Group lowered their price target on shares of Saia from $485.00 to $387.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Wells Fargo & Company cut their price target on shares of Saia from $400.00 to $260.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Finally, Morgan Stanley set a $250.00 price objective on Saia in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $345.16.

Saia Stock Up 0.7%

SAIA traded up $1.93 on Thursday, hitting $270.03. The company had a trading volume of 481,613 shares, compared to its average volume of 496,269. Saia, Inc. has a 52-week low of $229.12 and a 52-week high of $624.55. The stock has a fifty day simple moving average of $307.40 and a 200-day simple moving average of $416.77. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. The firm has a market capitalization of $7.19 billion, a P/E ratio of 19.99, a P/E/G ratio of 2.24 and a beta of 2.03.

Saia (NASDAQ:SAIA - Get Free Report) last released its quarterly 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 for the quarter, compared to the consensus estimate of $806.18 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. The company's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.38 earnings per share. As a group, equities analysts expect that Saia, Inc. will post 15.46 EPS for the current fiscal 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.