Saia, Inc. (NASDAQ:SAIA) Stake Reduced by Wasatch Advisors LP

Wasatch Advisors LP cut its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 16.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 576,087 shares of the transportation company's stock after selling 116,318 shares during the quarter. Saia comprises about 1.3% of Wasatch Advisors LP's holdings, making the stock its 20th biggest holding. Wasatch Advisors LP owned about 2.17% of Saia worth $262,540,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Kestra Investment Management LLC bought a new stake in shares of Saia in the fourth quarter worth approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Saia by 172.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock worth $28,000 after purchasing an additional 38 shares during the period. Atala Financial Inc bought a new stake in Saia during the 4th quarter valued at about $36,000. Huntington National Bank increased its position in Saia by 291.7% during the 4th quarter. Huntington National Bank now owns 94 shares of the transportation company's stock valued at $43,000 after purchasing an additional 70 shares during the period. Finally, Tortoise Investment Management LLC boosted its holdings in shares of Saia by 76.6% in the 4th quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company's stock valued at $51,000 after buying an additional 49 shares in the last quarter.

Saia Price Performance

SAIA traded down $14.55 during trading hours on Monday, hitting $320.00. The company's stock had a trading volume of 106,534 shares, compared to its average volume of 456,085. The stock has a market cap of $8.52 billion, a price-to-earnings ratio of 23.69, a P/E/G ratio of 2.24 and a beta of 1.99. Saia, Inc. has a 12 month low of $287.50 and a 12 month high of $624.55. The business's 50-day moving average price is $379.78 and its 200-day moving average price is $453.26. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA - Get Free Report) last announced its earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.87 by ($0.03). The business had revenue of $789.00 million for the quarter, compared to analyst estimates of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. The company's quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the company earned $3.33 earnings per share. Sell-side analysts expect that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Saia news, CFO Matthew J. Batteh sold 700 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total value of $350,063.00. Following the completion of the sale, the chief financial officer now owns 3,326 shares of the company's stock, 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Patrick D. Sugar sold 799 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $493.74, for a total transaction of $394,498.26. Following the completion of the sale, the executive vice president now directly owns 8,629 shares in the company, valued at $4,260,482.46. This trade represents a 8.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,493 shares of company stock valued at $4,646,181. Insiders own 0.30% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on SAIA. UBS Group dropped their target price on Saia from $557.00 to $422.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Jefferies Financial Group dropped their price objective on Saia from $560.00 to $455.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Cowen reissued a "hold" rating on shares of Saia in a research report on Tuesday, February 4th. Wells Fargo & Company decreased their price objective on Saia from $510.00 to $400.00 and set an "equal weight" rating for the company in a report on Thursday, March 27th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Saia in a research report on Friday, March 7th. They issued a "buy" rating and a $570.00 price objective for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $484.39.

Saia 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.