Russell Investments Group Ltd. Sells 10,516 Shares of Saia, Inc. (NASDAQ:SAIA)

Russell Investments Group Ltd. lowered its holdings in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 29.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,757 shares of the transportation company's stock after selling 10,516 shares during the period. Russell Investments Group Ltd. owned approximately 0.09% of Saia worth $10,852,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Artisan Partners Limited Partnership lifted its position in Saia by 68.1% in the third quarter. Artisan Partners Limited Partnership now owns 802,094 shares of the transportation company's stock worth $319,755,000 after purchasing 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 worth $314,215,000 after buying an additional 26,798 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Saia by 9.9% in the third quarter. Invesco Ltd. now owns 705,719 shares of the transportation company's stock valued at $281,335,000 after buying an additional 63,794 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in Saia by 53.1% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 663,265 shares of the transportation company's stock valued at $290,655,000 after buying an additional 230,058 shares in the last quarter. Finally, Artemis Investment Management LLP grew its holdings in Saia by 4.7% during the fourth quarter. Artemis Investment Management LLP now owns 318,916 shares of the transportation company's stock worth $139,755,000 after acquiring an additional 14,449 shares during the period.

Saia Stock Down 1.7 %

Shares of Saia stock traded down $6.82 during trading on Monday, hitting $393.26. 532,804 shares of the stock traded hands, compared to its average volume of 341,361. The company has a fifty day moving average price of $550.41 and a two-hundred day moving average price of $480.00. Saia, Inc. has a twelve month low of $266.91 and a twelve month high of $628.34. The stock has a market cap of $10.46 billion, a P/E ratio of 28.50, a PEG ratio of 1.26 and a beta of 1.71. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.23 and a current ratio of 1.23.

Saia (NASDAQ:SAIA - Get Free Report) last posted its earnings results on Friday, April 26th. The transportation company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.43 by ($0.05). The business had revenue of $754.80 million during the quarter, compared to the consensus estimate of $772.36 million. Saia had a return on equity of 19.53% and a net margin of 12.42%. The business's revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.85 earnings per share. Equities research analysts predict that Saia, Inc. will post 15.38 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Susquehanna raised their price objective on shares of Saia from $500.00 to $625.00 and gave the company a "positive" rating in a research report on Thursday, February 8th. Raymond James raised their target price on shares of Saia from $565.00 to $604.00 and gave the stock an "outperform" rating in a report on Monday, April 15th. The Goldman Sachs Group lifted their price target on shares of Saia from $504.00 to $567.00 and gave the stock a "neutral" rating in a research report on Thursday, April 11th. Wolfe Research downgraded Saia from an "outperform" rating to a "peer perform" rating in a research report on Thursday, April 11th. Finally, StockNews.com lowered Saia from a "hold" rating to a "sell" rating in a research note on Monday, April 29th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $497.22.

Insiders Place Their Bets

In related news, VP Raymond R. Ramu sold 1,943 shares of the business's stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $565.83, for a total value of $1,099,407.69. Following the completion of the sale, the vice president now directly owns 4,447 shares in the company, valued at approximately $2,516,246.01. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Saia news, VP Raymond R. Ramu sold 1,943 shares of the company's stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $565.83, for a total transaction of $1,099,407.69. Following the completion of the sale, the vice president now directly owns 4,447 shares in the company, valued at $2,516,246.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John P. Gainor, Jr. acquired 500 shares of the business's stock in a transaction that occurred on Thursday, May 2nd. The shares were acquired at an average cost of $407.00 per share, with a total value of $203,500.00. Following the transaction, the director now directly owns 900 shares in the company, valued at approximately $366,300. The disclosure for this purchase can be found here. Insiders have sold 27,699 shares of company stock valued at $14,966,813 over the last three months. 0.30% of the stock is currently owned by insiders.

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.