Jacobs Levy Equity Management Inc. Trims Stake in Saia, Inc. (NASDAQ:SAIA)

Jacobs Levy Equity Management Inc. lessened its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 41.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 29,861 shares of the transportation company's stock after selling 21,565 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.11% of Saia worth $13,609,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SAIA. EverSource Wealth Advisors LLC increased its position 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 valued at $339,000 after purchasing an additional 26 shares during the last quarter. Core Wealth Advisors Inc. increased its holdings in Saia by 3.9% during the fourth 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 during the last quarter. Arizona State Retirement System raised its position in Saia by 0.4% in the fourth quarter. Arizona State Retirement System now owns 7,685 shares of the transportation company's stock worth $3,502,000 after acquiring an additional 29 shares during the period. Avantax Advisory Services Inc. raised 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 acquiring an additional 30 shares during the period. Finally, UMB Bank n.a. grew its position in shares of Saia by 1.0% during the 4th quarter. UMB Bank n.a. now owns 3,707 shares of the transportation company's stock valued at $1,689,000 after acquiring an additional 37 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SAIA. Evercore ISI lowered their target price on Saia from $415.00 to $298.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. StockNews.com upgraded Saia to a "sell" rating in a research report on Tuesday. Deutsche Bank Aktiengesellschaft cut Saia from a "buy" rating to a "hold" rating and set a $273.00 target price for the company. in a research report on Thursday, May 1st. Morgan Stanley set a $250.00 price target on Saia in a report on Friday, April 25th. Finally, Cowen reaffirmed a "hold" rating on shares of Saia in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $345.16.

Saia Trading Up 1.9%

SAIA traded up $5.40 during trading on Friday, reaching $285.10. The company had a trading volume of 412,856 shares, compared to its average volume of 498,055. 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, Inc. has a 52 week low of $229.12 and a 52 week high of $624.55. The stock has a market cap of $7.59 billion, a P/E ratio of 21.10, a PEG ratio of 2.24 and a beta of 2.03. The business has a 50 day simple moving average of $322.57 and a 200-day simple moving average of $431.46.

Saia (NASDAQ:SAIA - Get Free Report) last released its earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share (EPS) 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 the consensus estimate of $806.18 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. Saia's revenue was up 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $3.38 EPS. On average, equities analysts anticipate that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Insider Buying and Selling at Saia

In other news, CFO Matthew J. Batteh sold 700 shares of Saia stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total transaction of $350,063.00. Following the completion of the sale, the chief financial officer now directly owns 3,326 shares in the company, valued at approximately $1,663,299.34. This trade represents a 17.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Kelly W. Benton sold 460 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total transaction of $230,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 4,287 shares in the company, valued at $2,143,500. This represents a 9.69% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.30% of the company's stock.

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.