Saia, Inc. (NASDAQ:SAIA) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. trimmed its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 4.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,270 shares of the transportation company’s stock after selling 1,354 shares during the period. Corebridge Financial Inc.’s holdings in Saia were worth $13,795,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Oddo BHF Asset Management Sas purchased a new position in Saia in the 3rd quarter valued at approximately $1,408,000. Highview Capital Management LLC DE purchased a new position in shares of Saia in the fourth quarter valued at $1,324,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Saia during the 4th quarter worth $3,363,000. Charles Schwab Investment Management Inc. boosted its position in shares of Saia by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 226,137 shares of the transportation company’s stock worth $103,057,000 after buying an additional 4,972 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Saia by 13.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,804 shares of the transportation company’s stock worth $3,101,000 after buying an additional 788 shares in the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on SAIA shares. Wells Fargo & Company cut their target price on shares of Saia from $550.00 to $510.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Barclays cut their price objective on Saia from $600.00 to $535.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. Stephens reaffirmed an “overweight” rating and issued a $600.00 target price on shares of Saia in a research note on Thursday, February 6th. Raymond James dropped their price target on Saia from $560.00 to $540.00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th. Finally, Susquehanna upped their price objective on Saia from $530.00 to $540.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $526.39.

Saia Stock Performance

Shares of SAIA stock opened at $378.49 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. The firm has a market capitalization of $10.08 billion, a price-to-earnings ratio of 28.02, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89. Saia, Inc. has a one year low of $342.68 and a one year high of $624.55. The company has a 50 day moving average price of $438.75 and a 200 day moving average price of $466.01.

Saia (NASDAQ:SAIA) last released 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). The firm had revenue of $789.00 million for the quarter, compared to analyst estimates of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.33 earnings per share. Sell-side analysts anticipate that Saia, Inc. will post 15.46 EPS for the current year.

Insiders Place Their Bets

In related news, EVP Patrick D. Sugar sold 799 shares of Saia stock in a transaction on Monday, February 10th. The shares were sold at an average price of $493.74, for a total transaction of $394,498.26. Following the transaction, the executive vice president now owns 8,629 shares in the company, valued at approximately $4,260,482.46. The trade was a 8.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the company’s stock in a transaction on 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 directly owns 17,645 shares of the company’s stock, valued at approximately $8,599,114.30. This trade represents a 29.92 % 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 three months. 0.30% of the stock is owned by insiders.

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.