Shelton Wealth Management LLC Has $1.28 Million Stock Position in Saia, Inc. (NASDAQ:SAIA)

Shelton Wealth Management LLC cut its position in Saia, Inc. (NASDAQ:SAIA) by 4.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,814 shares of the transportation company’s stock after selling 145 shares during the quarter. Shelton Wealth Management LLC’s holdings in Saia were worth $1,282,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Redhawk Wealth Advisors Inc. lifted its holdings in Saia by 4.4% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 6,783 shares of the transportation company’s stock worth $3,091,000 after buying an additional 283 shares during the period. Park Avenue Securities LLC lifted its position in shares of Saia by 14.7% in the 4th quarter. Park Avenue Securities LLC now owns 1,267 shares of the transportation company’s stock worth $577,000 after purchasing an additional 162 shares during the period. Fifth Third Wealth Advisors LLC boosted its stake in shares of Saia by 16.7% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 1,110 shares of the transportation company’s stock valued at $506,000 after purchasing an additional 159 shares during the last quarter. Everence Capital Management Inc. acquired a new position in Saia in the fourth quarter valued at $301,000. Finally, GAMMA Investing LLC lifted its stake in shares of Saia by 148.0% in the 4th quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock valued at $167,000 after purchasing an additional 219 shares during the period.

Insider Buying and Selling at Saia

In other news, EVP Rohit Lal sold 1,120 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total value of $627,200.00. Following the completion of the transaction, the executive vice president now owns 8,270 shares of the company’s stock, valued at approximately $4,631,200. This represents a 11.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.30% of the company’s stock.

Saia Price Performance

Shares of Saia stock opened at $486.89 on Friday. The business’s 50-day moving average price is $506.97 and its 200-day moving average price is $459.88. The firm has a market capitalization of $12.95 billion, a PE ratio of 34.78, a price-to-earnings-growth ratio of 2.12 and a beta of 1.79. Saia, Inc. has a 12 month low of $358.90 and a 12 month high of $628.34. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08.

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Bank of America dropped their price target on Saia from $612.00 to $600.00 and set a “buy” rating on the stock in a research note on Thursday. The Goldman Sachs Group increased their price objective on shares of Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. boosted their price objective on Saia from $499.00 to $566.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Jefferies Financial Group boosted their target price 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. Finally, Susquehanna reissued a “neutral” rating and issued a $530.00 price objective (down from $565.00) on shares of Saia in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $522.59.

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.