Gradient Investments LLC Sells 314 Shares of Saia, Inc. (NASDAQ:SAIA)

Gradient Investments LLC cut its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 6.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,467 shares of the transportation company’s stock after selling 314 shares during the period. Gradient Investments LLC’s holdings in Saia were worth $2,036,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in SAIA. State Street Corp lifted its holdings in Saia by 3.1% during the 3rd quarter. State Street Corp now owns 805,597 shares of the transportation company’s stock worth $352,255,000 after purchasing an additional 24,351 shares during the last quarter. Wasatch Advisors LP increased its position in Saia by 10.2% during the 3rd quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company’s stock worth $302,761,000 after buying an additional 64,351 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Saia by 1.4% during the third quarter. Geode Capital Management LLC now owns 471,667 shares of the transportation company’s stock worth $206,292,000 after buying an additional 6,456 shares in the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of Saia by 11.8% during the third quarter. Westfield Capital Management Co. LP now owns 303,582 shares of the transportation company’s stock worth $132,744,000 after buying an additional 31,991 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Saia by 64.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company’s stock valued at $109,589,000 after acquiring an additional 98,383 shares during the period.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of Saia from $443.00 to $529.00 and gave the stock a “hold” rating in a research note on Thursday. Wolfe Research upgraded shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price target for the company in a research report on Wednesday, October 9th. Citigroup reduced their price target on Saia from $651.00 to $644.00 and set a “buy” rating on the stock in a research report on Wednesday, December 4th. Barclays dropped their price objective on Saia from $620.00 to $600.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, Stephens raised their price target on Saia from $481.00 to $515.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $527.65.

Saia Trading Down 1.4 %

NASDAQ SAIA opened at $494.30 on Friday. The firm has a market capitalization of $13.14 billion, a PE ratio of 35.31, a price-to-earnings-growth ratio of 2.38 and a beta of 1.79. The business’s 50-day moving average price is $502.54 and its two-hundred day moving average price is $461.10. 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, Inc. has a 12 month low of $358.90 and a 12 month high of $628.34.

Saia (NASDAQ:SAIA) last released its earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). The firm had revenue of $842.10 million for the quarter, compared to analyst estimates of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the company posted $3.67 EPS. On average, analysts expect that Saia, Inc. will post 13.47 EPS for the current year.

Insider Transactions at Saia

In other Saia news, EVP Rohit Lal sold 1,120 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total transaction of $627,200.00. Following the sale, 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 ownership of the stock. 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 corporate 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.