Saia, Inc. (NASDAQ:SAIA) Shares Sold by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. decreased its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 52.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SAIA. Challenger Wealth Management purchased a new position in shares of Saia in the 4th quarter valued at about $228,000. Castlekeep Investment Advisors LLC purchased a new stake in shares of Saia during the 4th quarter valued at approximately $2,908,000. Highview Capital Management LLC DE purchased a new stake in shares of Saia during the 4th quarter valued at approximately $1,324,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Saia by 72.3% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 90,552 shares of the transportation company's stock valued at $41,267,000 after purchasing an additional 38,000 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Saia by 9.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 84,483 shares of the transportation company's stock valued at $38,501,000 after purchasing an additional 7,036 shares during the period.

Saia Stock Down 2.3%

SAIA traded down $6.34 during trading on Friday, reaching $263.69. The stock had a trading volume of 532,636 shares, compared to its average volume of 497,100. The stock's 50 day moving average is $302.87 and its two-hundred day moving average is $411.97. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $7.02 billion, a price-to-earnings ratio of 19.52, a P/E/G ratio of 2.24 and a beta of 2.03. Saia, Inc. has a one year low of $229.12 and a one year high of $624.55.

Saia (NASDAQ:SAIA - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The transportation company reported $1.86 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $806.18 million. During the same period last year, the business earned $3.38 earnings per share. The company's quarterly revenue was up 4.3% on a year-over-year basis. As a group, analysts expect that Saia, Inc. will post 15.46 earnings per share for the current year.

Wall Street Analyst Weigh In

SAIA has been the subject of a number of analyst reports. BMO Capital Markets downgraded shares of Saia from an "outperform" rating to a "market perform" rating and lowered their target price for the stock from $455.00 to $285.00 in a research note on Friday, April 25th. Susquehanna lowered their price target on shares of Saia from $540.00 to $410.00 and set a "neutral" rating on the stock in a research report on Monday, March 31st. Stifel Nicolaus set a $277.00 target price on shares of Saia in a research report on Monday, April 28th. Wells Fargo & Company dropped their price target on shares of Saia from $400.00 to $260.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. Finally, Cowen reaffirmed a "hold" rating on shares of Saia in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $338.95.

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.