Congress Wealth Management LLC DE Has $14.51 Million Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

Congress Wealth Management LLC DE reduced its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,837 shares of the transportation company’s stock after selling 1,219 shares during the quarter. Congress Wealth Management LLC DE owned 0.12% of Saia worth $14,510,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Kestra Investment Management LLC bought a new stake in Saia during the fourth quarter worth $25,000. Atala Financial Inc bought a new stake in shares of Saia in the 4th quarter worth $36,000. Tortoise Investment Management LLC raised its holdings in shares of Saia by 76.6% in the fourth quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 49 shares during the last quarter. Jones Financial Companies Lllp lifted its position in shares of Saia by 47.8% during the fourth quarter. Jones Financial Companies Lllp now owns 201 shares of the transportation company’s stock valued at $92,000 after purchasing an additional 65 shares in the last quarter. Finally, Arcadia Investment Management Corp MI purchased a new stake in Saia in the 4th quarter valued at about $154,000.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Jefferies Financial Group boosted their price objective on Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Bank of America decreased their price objective on shares of Saia from $565.00 to $484.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. The Goldman Sachs Group boosted their target price on shares of Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Susquehanna raised their price target on shares of Saia from $530.00 to $540.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Finally, Raymond James dropped their price objective on Saia from $560.00 to $540.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $526.39.

Insider Buying and Selling at Saia

In other Saia news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the sale, the chief executive officer now owns 17,645 shares in the company, valued at $8,599,114.30. This trade represents a 29.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Patrick D. Sugar sold 799 shares of Saia stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $493.74, for a total value of $394,498.26. Following the sale, the executive vice president now directly owns 8,629 shares of the company’s stock, valued at approximately $4,260,482.46. This trade represents a 8.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,493 shares of company stock worth $4,646,181 over the last three months. 0.30% of the stock is owned by insiders.

Saia Trading Up 5.1 %

Shares of SAIA stock opened at $381.49 on Tuesday. The company has a market capitalization of $10.16 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89. Saia, Inc. has a 52-week low of $342.68 and a 52-week high of $624.55. The business’s fifty day moving average is $440.60 and its 200 day moving average is $466.18. 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 issued its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). The business had revenue of $789.00 million for the quarter, compared to the consensus estimate of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the business posted $3.33 EPS. On average, equities research analysts anticipate that Saia, Inc. will post 15.46 EPS for the current fiscal year.

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.