Thrive Wealth Management LLC Decreases Stock Position in Saia, Inc. (NASDAQ:SAIA)

Thrive Wealth Management LLC decreased its position in shares of Saia, Inc. (NASDAQ:SAIA) by 6.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 505 shares of the transportation company’s stock after selling 32 shares during the period. Thrive Wealth Management LLC’s holdings in Saia were worth $230,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in SAIA. Paladin Wealth LLC purchased a new stake in shares of Saia during the third quarter worth about $40,000. Quarry LP purchased a new stake in Saia during the 2nd quarter worth approximately $41,000. Tobam acquired a new position in shares of Saia in the 3rd quarter valued at approximately $100,000. Blue Trust Inc. boosted its stake in shares of Saia by 319.1% during the 3rd quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock valued at $135,000 after buying an additional 217 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in shares of Saia by 148.0% during the fourth quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock worth $167,000 after buying an additional 219 shares in the last quarter.

Insider Buying and Selling at Saia

In other Saia news, EVP Rohit Lal sold 1,120 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total transaction of $627,200.00. Following the completion of the transaction, the executive vice president now directly owns 8,270 shares of the company’s stock, valued at approximately $4,631,200. This trade represents a 11.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have commented on SAIA. Citigroup reduced their price objective on shares of Saia from $651.00 to $644.00 and set a “buy” rating on the stock in a research note on Wednesday, December 4th. Susquehanna reiterated a “neutral” rating and issued a $530.00 price target (down from $565.00) on shares of Saia in a research note on Tuesday, January 7th. JPMorgan Chase & Co. boosted their price objective on Saia from $499.00 to $566.00 and gave the company an “overweight” rating in a report on Friday, December 6th. Wolfe Research raised Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 target price on the stock in a report on Wednesday, October 9th. Finally, Barclays lowered their price target on Saia from $620.00 to $600.00 and set an “overweight” rating for the company in a report on Friday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Saia presently has a consensus rating of “Moderate Buy” and a consensus price target of $522.59.

Saia Stock Performance

Shares of NASDAQ SAIA opened at $486.89 on Tuesday. Saia, Inc. has a 12-month low of $358.90 and a 12-month high of $628.34. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The company has a market cap of $12.95 billion, a PE ratio of 34.78, a P/E/G ratio of 2.12 and a beta of 1.79. The stock has a 50 day simple moving average of $505.54 and a 200-day simple moving average of $459.87.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.53 by ($0.07). Saia had a return on equity of 18.00% and a net margin of 11.83%. The business had revenue of $842.10 million during the quarter, compared to the consensus estimate of $839.82 million. During the same period in the previous year, the company posted $3.67 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities research analysts forecast that Saia, Inc. will post 13.49 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.