Saia, Inc. (NASDAQ:SAIA) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC trimmed its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 71.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,040 shares of the transportation company's stock after selling 4,994 shares during the quarter. Calamos Advisors LLC's holdings in Saia were worth $894,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of SAIA. Artisan Partners Limited Partnership raised its stake in shares of Saia by 68.1% in the 3rd quarter. Artisan Partners Limited Partnership now owns 802,094 shares of the transportation company's stock valued at $319,755,000 after acquiring an additional 325,031 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Saia by 3.5% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 788,197 shares of the transportation company's stock valued at $314,215,000 after acquiring an additional 26,798 shares during the period. Invesco Ltd. raised its stake in shares of Saia by 9.9% in the 3rd quarter. Invesco Ltd. now owns 705,719 shares of the transportation company's stock valued at $281,335,000 after acquiring an additional 63,794 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in Saia by 53.1% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 663,265 shares of the transportation company's stock worth $290,655,000 after buying an additional 230,058 shares during the period. Finally, Artemis Investment Management LLP increased its stake in Saia by 4.7% during the 4th quarter. Artemis Investment Management LLP now owns 318,916 shares of the transportation company's stock worth $139,755,000 after buying an additional 14,449 shares during the period.

Insider Activity

In other news, CEO Frederick J. Holzgrefe III sold 7,500 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $533.46, for a total value of $4,000,950.00. Following the completion of the transaction, the chief executive officer now owns 14,248 shares in the company, valued at approximately $7,600,738.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Saia news, VP Rohit Lal sold 2,870 shares of the firm's stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the sale, the vice president now directly owns 8,482 shares of the company's stock, valued at approximately $4,551,017.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Frederick J. Holzgrefe III sold 7,500 shares of the firm's stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $533.46, for a total transaction of $4,000,950.00. Following the completion of the sale, the chief executive officer now directly owns 14,248 shares in the company, valued at $7,600,738.08. The disclosure for this sale can be found here. Insiders sold 27,699 shares of company stock worth $14,966,813 in the last 90 days. 0.30% of the stock is currently owned by corporate insiders.

Saia Stock Performance

Saia stock traded up $5.11 during trading hours on Monday, reaching $522.62. 240,594 shares of the stock were exchanged, compared to its average volume of 278,477. The stock has a market cap of $13.90 billion, a P/E ratio of 39.38, a P/E/G ratio of 1.68 and a beta of 1.62. Saia, Inc. has a 52-week low of $244.69 and a 52-week high of $628.34. The firm's 50 day moving average is $571.83 and its 200 day moving average is $477.05.

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

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Benchmark boosted their price target on shares of Saia from $575.00 to $625.00 and gave the stock a "buy" rating in a report on Thursday, March 21st. Susquehanna upped their target price on shares of Saia from $500.00 to $625.00 and gave the company a "positive" rating in a report on Thursday, February 8th. Stifel Nicolaus cut shares of Saia from a "buy" rating to a "hold" rating and upped their target price for the company from $484.00 to $526.00 in a report on Tuesday, February 6th. The Goldman Sachs Group upped their target price on shares of Saia from $504.00 to $567.00 and gave the company a "neutral" rating in a report on Thursday, April 11th. Finally, Raymond James upped their target price on shares of Saia from $565.00 to $604.00 and gave the company an "outperform" rating in a report on Monday, April 15th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Saia currently has a consensus rating of "Moderate Buy" and a consensus target price of $500.84.

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.