Saia, Inc. (NASDAQ:SAIA) Holdings Lowered by Sanctuary Advisors LLC

Sanctuary Advisors LLC trimmed its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 5.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,678 shares of the transportation company’s stock after selling 249 shares during the quarter. Sanctuary Advisors LLC’s holdings in Saia were worth $2,316,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. grew its stake in shares of Saia by 319.1% in the 3rd quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock worth $135,000 after purchasing an additional 217 shares during the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Saia by 22.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 851 shares of the transportation company’s stock worth $372,000 after purchasing an additional 155 shares during the last quarter. International Assets Investment Management LLC grew its stake in shares of Saia by 43,625.8% in the 3rd quarter. International Assets Investment Management LLC now owns 38,916 shares of the transportation company’s stock worth $17,016,000 after purchasing an additional 38,827 shares during the last quarter. Legacy Wealth Asset Management LLC grew its stake in shares of Saia by 4.1% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company’s stock worth $337,000 after purchasing an additional 30 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of Saia by 45.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 721 shares of the transportation company’s stock worth $311,000 after purchasing an additional 225 shares during the last quarter.

Saia Stock Performance

Shares of SAIA opened at $406.65 on Friday. The company’s 50 day moving average price is $480.48 and its 200 day moving average price is $466.55. Saia, Inc. has a 52 week low of $358.90 and a 52 week high of $628.34. The company has a market capitalization of $10.81 billion, a PE ratio of 30.10, a PEG ratio of 2.24 and a beta of 1.79. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57.

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

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Barclays lowered their price objective on shares of Saia from $620.00 to $600.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Jefferies Financial Group lifted their price objective on shares of Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Wells Fargo & Company lowered their price objective on shares of Saia from $550.00 to $510.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. JPMorgan Chase & Co. lowered their price objective on shares of Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Finally, Bank of America dropped their target price on shares of Saia from $600.00 to $565.00 and set a “buy” rating on the stock in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, Saia presently has a consensus rating of “Moderate Buy” and a consensus target price of $535.41.

Insider Buying and Selling at Saia

In other Saia news, CAO Kelly W. Benton sold 460 shares of Saia stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total value of $230,000.00. Following the completion of the sale, the chief accounting officer now directly owns 4,287 shares in the company, valued at $2,143,500. The trade was a 9.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Matthew J. Batteh sold 700 shares of Saia stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 owns 3,326 shares of the company’s stock, valued at $1,663,299.34. This trade represents a 17.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,493 shares of company stock worth $4,646,181 over the last ninety days. 0.30% of the stock is currently owned by insiders.

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.