Sequoia Financial Advisors LLC Has $343,000 Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

Sequoia Financial Advisors LLC lowered its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 11.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 753 shares of the transportation company’s stock after selling 98 shares during the period. Sequoia Financial Advisors LLC’s holdings in Saia were worth $343,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Kestra Investment Management LLC bought a new stake in shares of Saia in the 4th quarter valued at approximately $25,000. Tortoise Investment Management LLC grew its position in Saia by 76.6% in the fourth quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company’s stock worth $51,000 after acquiring an additional 49 shares in the last quarter. Jones Financial Companies Lllp increased its stake in shares of Saia by 47.8% during 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 during the last quarter. Arcadia Investment Management Corp MI bought a new position in shares of Saia during the 4th quarter valued at $154,000. Finally, GAMMA Investing LLC raised its holdings in shares of Saia by 148.0% during the 4th quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock valued at $167,000 after purchasing an additional 219 shares in the last quarter.

Saia Trading Up 0.4 %

Saia stock opened at $350.65 on Thursday. The stock has a market cap of $9.34 billion, a price-to-earnings ratio of 25.95, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 12 month low of $343.61 and a 12 month high of $624.55. The business has a 50 day moving average price of $445.90 and a two-hundred day moving average price of $466.25.

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on SAIA shares. Barclays lowered their target price on shares of Saia from $600.00 to $535.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. JPMorgan Chase & Co. cut their price objective on Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Susquehanna boosted their target price on Saia from $530.00 to $540.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Wells Fargo & Company lowered their price target on Saia from $550.00 to $510.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Finally, TD Cowen boosted their price objective on shares of Saia from $456.00 to $478.00 and gave the stock a “hold” rating in a research note on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $526.39.

Insider Activity

In related news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the completion of the transaction, the chief executive officer now owns 17,645 shares in the company, valued at $8,599,114.30. This trade represents a 29.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Kelly W. Benton sold 460 shares of the company’s 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 sale, the chief accounting officer now owns 4,287 shares in the company, valued at $2,143,500. This trade represents a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,493 shares of company stock worth $4,646,181. Corporate insiders own 0.30% of the company’s stock.

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.