Russell Investments Group Ltd. Cuts Holdings in Saia, Inc. (NASDAQ:SAIA)

Russell Investments Group Ltd. decreased its stake in Saia, Inc. (NASDAQ:SAIA) by 29.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,757 shares of the transportation company’s stock after selling 10,516 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.09% of Saia worth $10,852,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of SAIA. Contravisory Investment Management Inc. acquired a new stake in shares of Saia in the fourth quarter valued at about $26,000. GAMMA Investing LLC acquired a new stake in shares of Saia in the fourth quarter valued at about $43,000. NBC Securities Inc. acquired a new stake in shares of Saia in the third quarter valued at about $54,000. Harvest Fund Management Co. Ltd acquired a new stake in shares of Saia in the third quarter valued at about $59,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Saia in the third quarter valued at about $60,000.

Insider Activity

In other news, VP Rohit Lal sold 2,870 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total value of $1,539,898.50. Following the sale, the vice president now directly owns 8,482 shares of the company’s stock, valued at approximately $4,551,017.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Rohit Lal sold 2,870 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the sale, the vice president now directly owns 8,482 shares of the company’s stock, valued at approximately $4,551,017.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Richard D. Odell sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $536.75, for a total transaction of $5,367,500.00. Following the sale, the director now directly owns 5,989 shares in the company, valued at $3,214,595.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,699 shares of company stock valued at $14,966,813. Company insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

SAIA has been the topic of several research analyst reports. StockNews.com lowered shares of Saia from a “hold” rating to a “sell” rating in a research report on Monday, April 29th. BMO Capital Markets lowered their price target on shares of Saia from $575.00 to $490.00 and set a “market perform” rating on the stock in a research report on Monday, April 29th. Susquehanna boosted their price target on shares of Saia from $500.00 to $625.00 and gave the stock a “positive” rating in a research report on Thursday, February 8th. TD Cowen lowered their price target on shares of Saia from $528.00 to $473.00 and set a “hold” rating on the stock in a research report on Monday, April 29th. Finally, Raymond James boosted their price target on shares of Saia from $565.00 to $604.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $497.22.

Saia Price Performance

Saia stock opened at $400.08 on Monday. The company’s 50 day simple moving average is $554.03 and its 200-day simple moving average is $479.91. The company has a market capitalization of $10.64 billion, a price-to-earnings ratio of 28.99, a price-to-earnings-growth ratio of 1.26 and a beta of 1.71. Saia, Inc. has a 1 year low of $266.91 and a 1 year high of $628.34. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.23 and a current ratio of 1.23.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.05). The company had revenue of $754.80 million during the quarter, compared to analysts’ expectations of $772.36 million. Saia had a net margin of 12.42% and a return on equity of 19.53%. Saia’s revenue was up 14.3% on a year-over-year basis. During the same period last year, the firm posted $2.85 earnings per share. As a group, equities research analysts expect that Saia, Inc. will post 15.38 earnings per share 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.