Saia, Inc. (NASDAQ:SAIA) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 73,939 shares of the transportation company’s stock after selling 5,639 shares during the period. Thrivent Financial for Lutherans’ holdings in Saia were worth $33,697,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in SAIA. Kestra Investment Management LLC purchased a new stake in Saia in the fourth quarter valued at about $25,000. Atala Financial Inc purchased a new stake in shares of Saia during the fourth quarter worth about $36,000. Tortoise Investment Management LLC increased its holdings in shares of Saia by 76.6% during the fourth quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 49 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of Saia by 47.8% in the 4th 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 during the last quarter. Finally, Arcadia Investment Management Corp MI acquired a new stake in Saia in the 4th quarter worth approximately $154,000.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SAIA. JPMorgan Chase & Co. decreased their price target on shares of Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Stifel Nicolaus upgraded Saia from a “hold” rating to a “buy” rating and set a $524.00 target price for the company in a research note on Monday, February 24th. Bank of America dropped their price target on Saia from $565.00 to $484.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Cowen restated a “hold” rating on shares of Saia in a research note on Tuesday, February 4th. Finally, Jefferies Financial Group upped their target price on Saia from $525.00 to $560.00 and gave the company a “buy” rating in a research report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Saia presently has an average rating of “Moderate Buy” and an average target price of $526.39.

Saia Stock Performance

Shares of SAIA stock opened at $352.28 on Friday. The company has a market capitalization of $9.38 billion, a P/E ratio of 26.08, a P/E/G ratio of 2.24 and a beta of 1.89. Saia, Inc. has a 12-month low of $342.68 and a 12-month high of $624.55. The business’s 50 day moving average is $443.98 and its two-hundred day moving average is $465.45. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last released 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 company had revenue of $789.00 million during the quarter, compared to analyst estimates of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. Saia’s revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $3.33 EPS. Analysts expect that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Insider Activity

In other news, CEO Frederick J. Holzgrefe III sold 7,534 shares of Saia stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $487.34, for a total value 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 $8,599,114.30. The trade was a 29.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Kelly W. Benton sold 460 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total value of $230,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 4,287 shares of the company’s stock, valued at approximately $2,143,500. This represents a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,493 shares of company stock worth $4,646,181 over the last 90 days. 0.30% of the stock is currently owned by company 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.