Sei Investments Co. Cuts Position in Saia, Inc. (NASDAQ:SAIA)

Sei Investments Co. trimmed its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 4.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 122,716 shares of the transportation company’s stock after selling 5,430 shares during the period. Sei Investments Co.’s holdings in Saia were worth $55,925,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. The Goldman Sachs Group lifted their target price on shares of Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. 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. Jefferies Financial Group increased their target price on Saia from $525.00 to $560.00 and gave the company a “buy” rating in a research note on Friday, January 10th. JPMorgan Chase & Co. decreased their price target on Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Finally, Stifel Nicolaus raised Saia from a “hold” rating to a “buy” rating and set a $524.00 price objective on the stock in a research report on Monday, February 24th. One 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. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $526.39.

Insider Activity at Saia

In related news, CAO Kelly W. Benton sold 460 shares of Saia stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total transaction of $230,000.00. Following the transaction, the chief accounting officer now owns 4,287 shares in the company, valued at approximately $2,143,500. The trade was a 9.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Patrick D. Sugar sold 799 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $493.74, for a total transaction of $394,498.26. Following the completion of the transaction, the executive vice president now directly owns 8,629 shares of the company’s stock, valued at $4,260,482.46. This represents a 8.47 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,493 shares of company stock worth $4,646,181. 0.30% of the stock is owned by company insiders.

Saia Trading Up 3.0 %

Shares of Saia stock opened at $362.90 on Monday. Saia, Inc. has a 1-year low of $342.68 and a 1-year high of $624.55. The company’s fifty day simple moving average is $442.22 and its 200-day simple moving average is $466.30. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. The stock has a market capitalization of $9.66 billion, a PE ratio of 26.86, a P/E/G ratio of 2.24 and a beta of 1.89.

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 the consensus estimate of $2.87 by ($0.03). The company 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 for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the firm posted $3.33 EPS. As a group, equities analysts anticipate that Saia, Inc. will post 15.46 earnings per share 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.