Mirae Asset Global Investments Co. Ltd. Sells 39 Shares of Saia, Inc. (NASDAQ:SAIA)

Mirae Asset Global Investments Co. Ltd. lessened its holdings in Saia, Inc. (NASDAQ:SAIA) by 37.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 65 shares of the transportation company’s stock after selling 39 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Saia were worth $31,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Retirement Systems of Alabama lifted its position in shares of Saia by 2.7% in the fourth quarter. Retirement Systems of Alabama now owns 39,125 shares of the transportation company’s stock worth $17,830,000 after purchasing an additional 1,025 shares in the last quarter. Jennison Associates LLC raised its position in Saia by 8.0% during the fourth quarter. Jennison Associates LLC now owns 127,896 shares of the transportation company’s stock worth $58,286,000 after acquiring an additional 9,435 shares in the last quarter. Greenleaf Trust raised its position in Saia by 6.4% during the fourth quarter. Greenleaf Trust now owns 613 shares of the transportation company’s stock worth $279,000 after acquiring an additional 37 shares in the last quarter. DAVENPORT & Co LLC raised its position in Saia by 813.5% during the fourth quarter. DAVENPORT & Co LLC now owns 29,946 shares of the transportation company’s stock worth $13,647,000 after acquiring an additional 26,668 shares in the last quarter. Finally, Hunter Associates Investment Management LLC raised its position in Saia by 8.2% during the fourth quarter. Hunter Associates Investment Management LLC now owns 7,090 shares of the transportation company’s stock worth $3,230,000 after acquiring an additional 539 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on SAIA shares. Susquehanna upped their price target on shares of Saia from $530.00 to $540.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Wells Fargo & Company dropped their price target on shares of Saia from $550.00 to $510.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Bank of America dropped their price target on shares of Saia from $600.00 to $565.00 and set a “buy” rating on the stock in a research report on Tuesday, February 4th. Jefferies Financial Group upped their price target on shares of Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, Stephens reiterated an “overweight” rating and issued a $600.00 price objective on shares of Saia in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $535.41.

Saia Trading Up 1.1 %

SAIA stock opened at $487.53 on Friday. 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 company’s 50-day simple moving average is $486.16 and its 200 day simple moving average is $464.00. Saia, Inc. has a 52 week low of $358.90 and a 52 week high of $628.34. The company has a market capitalization of $12.96 billion, a PE ratio of 36.09, a price-to-earnings-growth ratio of 2.51 and a beta of 1.79.

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

Insider Buying and Selling

In other news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $487.34, for a total value of $3,671,619.56. Following the completion of the transaction, the chief executive officer now owns 17,645 shares of the company’s stock, valued at approximately $8,599,114.30. This represents a 29.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Patrick D. Sugar sold 799 shares of the stock in a transaction dated 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 trade represents a 8.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,453 shares of company stock valued at $4,693,318 over the last quarter. 0.30% of the stock is owned by company insiders.

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.