Saia, Inc. (NASDAQ:SAIA) Shares Sold by Shelton Capital Management

Shelton Capital Management trimmed its holdings in Saia, Inc. (NASDAQ:SAIA) by 4.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,003 shares of the transportation company’s stock after selling 48 shares during the quarter. Shelton Capital Management’s holdings in Saia were worth $457,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the company. Kestra Investment Management LLC purchased a new stake in shares of Saia in the fourth quarter worth approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in Saia by 172.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company’s stock worth $28,000 after purchasing an additional 38 shares during the period. Atala Financial Inc bought a new position in shares of Saia during the fourth quarter valued at $36,000. Huntington National Bank increased its stake in shares of Saia by 291.7% in the fourth quarter. Huntington National Bank now owns 94 shares of the transportation company’s stock valued at $43,000 after buying an additional 70 shares in the last quarter. Finally, Tortoise Investment Management LLC increased its stake in shares of Saia by 76.6% in the fourth quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company’s stock valued at $51,000 after buying an additional 49 shares in the last quarter.

Insider Activity

In other Saia news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the business’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 sale, the chief executive officer now directly owns 17,645 shares of the company’s stock, valued at $8,599,114.30. The trade was a 29.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Kelly W. Benton sold 460 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total value 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. The trade was a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,493 shares of company stock worth $4,646,181 over the last ninety days. Corporate insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SAIA shares. TD Cowen boosted their target price on Saia from $456.00 to $478.00 and gave the stock a “hold” rating in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft began coverage on Saia in a report on Friday, March 7th. They issued a “buy” rating and a $570.00 price objective on the stock. JPMorgan Chase & Co. cut their target price on Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Jefferies Financial Group dropped their target price on Saia from $560.00 to $455.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Bank of America decreased their price target on Saia from $565.00 to $484.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $486.83.

Saia Stock Performance

SAIA stock opened at $374.80 on Thursday. The company has a market cap of $9.98 billion, a P/E ratio of 27.74, a price-to-earnings-growth ratio of 2.24 and a beta of 1.99. Saia, Inc. has a 1 year low of $287.50 and a 1 year high of $624.55. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. The stock’s fifty day moving average price is $401.75 and its 200-day moving average price is $458.16.

Saia (NASDAQ:SAIA) last released its earnings results 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). The company had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. Saia’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $3.33 earnings per share. On average, equities analysts forecast that Saia, Inc. will post 15.46 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.