LRT Capital Management LLC Trims Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

LRT Capital Management LLC cut its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 41.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,598 shares of the transportation company's stock after selling 1,854 shares during the quarter. LRT Capital Management LLC's holdings in Saia were worth $1,138,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. HighTower Advisors LLC bought a new position in shares of Saia in the first quarter worth approximately $422,000. Rhumbline Advisers raised its stake in shares of Saia by 2.9% in the first quarter. Rhumbline Advisers now owns 74,474 shares of the transportation company's stock worth $18,158,000 after purchasing an additional 2,083 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Saia by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,652 shares of the transportation company's stock worth $2,353,000 after purchasing an additional 920 shares during the last quarter. APG Asset Management N.V. raised its stake in shares of Saia by 56.9% in the first quarter. APG Asset Management N.V. now owns 8,000 shares of the transportation company's stock worth $1,753,000 after purchasing an additional 2,900 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in shares of Saia by 7.4% in the first quarter. Great West Life Assurance Co. Can now owns 14,397 shares of the transportation company's stock worth $3,608,000 after purchasing an additional 994 shares during the last quarter.

Analysts Set New Price Targets

A number of brokerages have recently commented on SAIA. JPMorgan Chase & Co. began coverage on shares of Saia in a research note on Monday, March 11th. They issued an "overweight" rating and a $676.00 price target for the company. Raymond James raised their price target on Saia from $565.00 to $604.00 and gave the stock an "outperform" rating in a research note on Monday, April 15th. Bank of America increased their price objective on shares of Saia from $600.00 to $645.00 and gave the stock a "buy" rating in a research note on Tuesday, March 5th. UBS Group increased their price objective on shares of Saia from $475.00 to $618.00 and gave the stock a "buy" rating in a research note on Monday, February 5th. Finally, Stifel Nicolaus cut shares of Saia from a "buy" rating to a "hold" rating and increased their price objective for the stock from $484.00 to $526.00 in a research note on Tuesday, February 6th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Saia currently has a consensus rating of "Moderate Buy" and a consensus target price of $500.84.

Insider Activity

In other news, Director Richard D. Odell sold 10,000 shares of the firm's stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $536.75, for a total value of $5,367,500.00. Following the completion of the sale, the director now owns 5,989 shares in the company, valued at approximately $3,214,595.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Donna E. Epps sold 400 shares of the company's stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $565.14, for a total transaction of $226,056.00. Following the transaction, the director now owns 1,583 shares of the company's stock, valued at $894,616.62. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard D. Odell sold 10,000 shares of the business's stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $536.75, for a total transaction of $5,367,500.00. Following the sale, the director now directly owns 5,989 shares of the company's stock, valued at $3,214,595.75. The disclosure for this sale can be found here. Insiders sold 27,699 shares of company stock valued at $14,966,813 in the last ninety days. Insiders own 0.30% of the company's stock.

Saia Trading Down 1.0 %

SAIA traded down $5.02 during trading on Friday, hitting $517.51. 246,123 shares of the company traded hands, compared to its average volume of 221,626. The company has a market cap of $13.76 billion, a PE ratio of 39.00, a P/E/G ratio of 1.68 and a beta of 1.62. The stock's 50-day simple moving average is $572.59 and its two-hundred day simple moving average is $476.18. Saia, Inc. has a 1 year low of $244.69 and a 1 year high of $628.34.

Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings results on Friday, February 2nd. The transportation company reported $3.33 EPS for the quarter, beating analysts' consensus estimates of $3.20 by $0.13. The company had revenue of $751.10 million during the quarter, compared to analyst estimates of $745.48 million. Saia had a return on equity of 19.75% and a net margin of 12.31%. The firm's revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.65 earnings per share. Equities analysts expect that Saia, Inc. will post 16.13 EPS for the current 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.