Saia, Inc. (NASDAQ:SAIA) Shares Sold by Invesco Ltd.

Invesco Ltd. trimmed its position in shares of Saia, Inc. (NASDAQ:SAIA) by 3.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 174,825 shares of the transportation company’s stock after selling 6,641 shares during the period. Invesco Ltd.’s holdings in Saia were worth $79,673,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SAIA. Alliancebernstein L.P. grew its position in Saia by 69.3% during the fourth quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company’s stock valued at $883,941,000 after acquiring an additional 794,197 shares during the period. Norges Bank acquired a new position in shares of Saia in the 4th quarter valued at about $64,410,000. Artemis Investment Management LLP grew its holdings in shares of Saia by 72.9% during the 4th quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company’s stock worth $113,833,000 after purchasing an additional 105,356 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Saia during the 4th quarter worth about $46,514,000. Finally, Stephens Investment Management Group LLC acquired a new stake in Saia during the 4th quarter worth approximately $45,767,000.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. UBS Group decreased their price objective on shares of Saia from $557.00 to $422.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Raymond James lowered their price target on Saia from $540.00 to $455.00 and set an “outperform” rating for the company in a report on Tuesday, April 8th. Jefferies Financial Group reduced their price objective on Saia from $560.00 to $455.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. Susquehanna lowered their target price on Saia from $540.00 to $410.00 and set a “neutral” rating for the company in a research note on Monday, March 31st. Finally, Stephens reissued an “overweight” rating and set a $600.00 price target on shares of Saia in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Saia presently has a consensus rating of “Moderate Buy” and an average price target of $486.83.

Insider Activity

In other Saia news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $487.34, for a total value of $3,671,619.56. Following the sale, the chief executive officer now directly owns 17,645 shares in the company, valued at approximately $8,599,114.30. This trade represents a 29.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Matthew J. Batteh sold 700 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total transaction of $350,063.00. Following the transaction, the chief financial officer now directly owns 3,326 shares of the company’s stock, valued at approximately $1,663,299.34. This trade represents a 17.39 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,493 shares of company stock valued at $4,646,181. 0.30% of the stock is currently owned by insiders.

Saia Stock Performance

Shares of SAIA opened at $330.37 on Monday. The stock has a market capitalization of $8.80 billion, a PE ratio of 24.45, a price-to-earnings-growth ratio of 2.24 and a beta of 1.99. The business’s fifty day moving average price is $396.39 and its 200 day moving average price is $456.78. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. Saia, Inc. has a 12-month low of $287.50 and a 12-month high of $624.55.

Saia (NASDAQ:SAIA) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $3.33 earnings per share. Equities research analysts forecast that Saia, Inc. will post 15.46 EPS for the current year.

Saia 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.