Howard Bailey Securities LLC Sells 34 Shares of Saia, Inc. (NASDAQ:SAIA)

Howard Bailey Securities LLC cut its stake in Saia, Inc. (NASDAQ:SAIA) by 6.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 486 shares of the transportation company’s stock after selling 34 shares during the quarter. Howard Bailey Securities LLC’s holdings in Saia were worth $221,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SAIA. Blue Trust Inc. increased its stake in shares of Saia by 319.1% in the 3rd quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock worth $135,000 after acquiring an additional 217 shares in the last quarter. GAMMA Investing LLC increased 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 worth $167,000 after acquiring an additional 219 shares in the last quarter. Rehmann Capital Advisory Group bought a new position in shares of Saia in the 3rd quarter worth about $213,000. Apollon Wealth Management LLC bought a new position in shares of Saia in the 4th quarter worth about $252,000. Finally, Venturi Wealth Management LLC increased its stake in shares of Saia by 63.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 593 shares of the transportation company’s stock worth $259,000 after acquiring an additional 231 shares in the last quarter.

Insider Buying and Selling

In other news, EVP Patrick D. Sugar sold 799 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were 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. The trade was a 8.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the completion of the sale, the chief executive officer now directly 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 9,453 shares of company stock worth $4,693,318. 0.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently commented on SAIA shares. JPMorgan Chase & Co. cut their price objective on shares of Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Wells Fargo & Company cut their price objective on shares of Saia from $550.00 to $510.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Barclays cut their price objective on shares of Saia from $620.00 to $600.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. BMO Capital Markets increased their price objective on shares of Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a research report on Monday, October 28th. Finally, Citigroup cut their price objective on shares of Saia from $561.00 to $544.00 and set a “buy” rating on the stock 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 eleven have given a buy rating to the company. According to MarketBeat, Saia has a consensus rating of “Moderate Buy” and an average price target of $535.41.

Saia Trading Down 3.2 %

Shares of NASDAQ:SAIA opened at $476.90 on Thursday. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $12.68 billion, a PE ratio of 35.30, a PEG ratio of 2.51 and a beta of 1.79. The business has a 50 day moving average of $487.42 and a two-hundred day moving average of $462.77. Saia, Inc. has a 12-month low of $358.90 and a 12-month high of $628.34.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.87 by ($0.03). The company had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the previous year, the business earned $3.33 earnings per share. As a group, analysts forecast that Saia, Inc. will post 15.46 EPS for the current 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.