Legacy Wealth Asset Management LLC Sells 61 Shares of Saia, Inc. (NASDAQ:SAIA)

Legacy Wealth Asset Management LLC cut its position in shares of Saia, Inc. (NASDAQ:SAIA) by 7.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 709 shares of the transportation company’s stock after selling 61 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Saia were worth $323,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Oddo BHF Asset Management Sas acquired a new position in Saia in the 3rd quarter valued at about $1,408,000. MML Investors Services LLC lifted its holdings in shares of Saia by 89.8% during the 3rd quarter. MML Investors Services LLC now owns 4,313 shares of the transportation company’s stock worth $1,886,000 after acquiring an additional 2,041 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in shares of Saia during the 3rd quarter worth approximately $22,979,000. BNP Paribas Financial Markets lifted its stake in Saia by 61.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,698 shares of the transportation company’s stock valued at $1,617,000 after purchasing an additional 1,411 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in Saia by 6.0% in the 3rd quarter. Franklin Resources Inc. now owns 68,474 shares of the transportation company’s stock valued at $31,633,000 after purchasing an additional 3,886 shares during the last quarter.

Insider Buying and Selling at Saia

In other news, EVP Rohit Lal sold 1,120 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total value of $627,200.00. Following the completion of the sale, the executive vice president now directly owns 8,270 shares in the company, valued at approximately $4,631,200. The trade was a 11.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by company insiders.

Saia Trading Down 1.2 %

Shares of Saia stock opened at $486.89 on Friday. Saia, Inc. has a 1 year low of $358.90 and a 1 year high of $628.34. The firm has a market cap of $12.95 billion, a PE ratio of 34.78, a PEG ratio of 2.12 and a beta of 1.79. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.26. The company has a 50 day simple moving average of $506.97 and a two-hundred day simple moving average of $459.88.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The company had revenue of $842.10 million for the quarter, compared to the consensus estimate of $839.82 million. During the same quarter in the previous year, the firm earned $3.67 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. Analysts expect that Saia, Inc. will post 13.49 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Stephens increased their price objective on shares of Saia from $481.00 to $515.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. The Goldman Sachs Group upped their price target on shares of Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Stifel Nicolaus upped their price target on shares of Saia from $440.00 to $443.00 and gave the company a “hold” rating in a research report on Wednesday. Barclays decreased their price target on shares of Saia from $620.00 to $600.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Jefferies Financial Group increased their price objective on shares of Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Saia has an average rating of “Moderate Buy” and a consensus target price of $522.59.

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.