Blue Trust Inc. Cuts Stake in Saia, Inc. (NASDAQ:SAIA)

Blue Trust Inc. lowered its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 36.8% in the fourth quarter, Holdings Channel reports. The firm owned 180 shares of the transportation company’s stock after selling 105 shares during the period. Blue Trust Inc.’s holdings in Saia were worth $82,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of SAIA. Sequoia Financial Advisors LLC increased its stake in shares of Saia by 22.3% during the third quarter. Sequoia Financial Advisors LLC now owns 851 shares of the transportation company’s stock worth $372,000 after purchasing an additional 155 shares in the last quarter. International Assets Investment Management LLC grew its stake in Saia by 43,625.8% during the 3rd quarter. International Assets Investment Management LLC now owns 38,916 shares of the transportation company’s stock valued at $17,016,000 after acquiring an additional 38,827 shares in the last quarter. Legacy Wealth Asset Management LLC grew its stake in Saia by 4.1% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company’s stock valued at $337,000 after acquiring an additional 30 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in Saia by 45.4% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 721 shares of the transportation company’s stock valued at $311,000 after acquiring an additional 225 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its stake in Saia by 7.1% during the 3rd quarter. State of Alaska Department of Revenue now owns 3,085 shares of the transportation company’s stock valued at $1,348,000 after acquiring an additional 205 shares in the last quarter.

Insiders Place Their Bets

In other Saia news, CAO Kelly W. Benton sold 460 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 4,287 shares in the company, valued at $2,143,500. This represents a 9.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Matthew J. Batteh sold 700 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total transaction of $350,063.00. Following the sale, the chief financial officer now owns 3,326 shares in the company, valued at approximately $1,663,299.34. This trade represents a 17.39 % 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 in the last ninety days. 0.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SAIA has been the subject of several research reports. Barclays dropped their price objective on shares of Saia from $620.00 to $600.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Cowen reaffirmed a “hold” rating on shares of Saia in a research note on Tuesday, February 4th. JPMorgan Chase & Co. dropped their price objective on shares of Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. BMO Capital Markets boosted their target price on shares of Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a report on Monday, October 28th. Finally, Bank of America decreased their target price on shares of Saia from $600.00 to $565.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $535.41.

Saia Stock Performance

Shares of SAIA stock opened at $406.65 on Monday. The firm has a market cap of $10.81 billion, a P/E ratio of 30.10, a P/E/G ratio of 2.24 and a beta of 1.79. Saia, Inc. has a one year low of $358.90 and a one year high of $628.34. 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’s 50 day moving average price is $480.48 and its 200-day moving average price is $467.15.

Saia (NASDAQ:SAIA) last released its 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 business 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%. Saia’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the company earned $3.33 earnings per share. As a group, equities research analysts predict that Saia, Inc. will post 15.46 EPS for the current year.

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.