F M Investments LLC Sells 12,309 Shares of Saia, Inc. (NASDAQ:SAIA)

F M Investments LLC cut its stake in Saia, Inc. (NASDAQ:SAIA) by 45.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 15,037 shares of the transportation company’s stock after selling 12,309 shares during the period. F M Investments LLC’s holdings in Saia were worth $6,853,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Quantinno Capital Management LP grew its position in Saia by 66.7% in the 3rd quarter. Quantinno Capital Management LP now owns 827 shares of the transportation company’s stock worth $362,000 after purchasing an additional 331 shares during the period. Orion Portfolio Solutions LLC boosted its stake in shares of Saia by 31.2% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 2,231 shares of the transportation company’s stock worth $976,000 after buying an additional 530 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of Saia by 89.8% in the third quarter. MML Investors Services LLC now owns 4,313 shares of the transportation company’s stock worth $1,886,000 after acquiring an additional 2,041 shares during the period. Geode Capital Management LLC increased its position in Saia by 1.4% during the third quarter. Geode Capital Management LLC now owns 471,667 shares of the transportation company’s stock valued at $206,292,000 after acquiring an additional 6,456 shares during the last quarter. Finally, TD Private Client Wealth LLC lifted its holdings in Saia by 7.8% in the third quarter. TD Private Client Wealth LLC now owns 4,265 shares of the transportation company’s stock valued at $1,865,000 after acquiring an additional 308 shares during the period.

Insider Transactions at Saia

In other news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the company’s 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 transaction, the chief executive officer now directly owns 17,645 shares in the company, 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 document filed with the SEC, which is accessible through the SEC website. Also, CAO Kelly W. Benton sold 460 shares of Saia stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total transaction of $230,000.00. Following the sale, the chief accounting officer now owns 4,287 shares of the company’s stock, valued at $2,143,500. The trade was a 9.69 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,493 shares of company stock worth $4,646,181. 0.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on SAIA shares. Citigroup cut their price target on Saia from $498.00 to $435.00 and set a “buy” rating for the company in a research note on Tuesday. Barclays cut their target price on shares of Saia from $535.00 to $475.00 and set an “overweight” rating for the company in a research report on Wednesday, April 2nd. JPMorgan Chase & Co. decreased their price target on shares of Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Susquehanna dropped their price target on shares of Saia from $540.00 to $410.00 and set a “neutral” rating on the stock in a research note on Monday, March 31st. Finally, BMO Capital Markets upgraded Saia from a “market perform” rating to an “outperform” rating and set a $455.00 price objective for the company in a research note on Monday. One research 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, Saia currently has a consensus rating of “Moderate Buy” and a consensus price target of $486.83.

Saia Stock Up 16.0 %

Shares of SAIA opened at $374.80 on Thursday. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. The business has a fifty day moving average of $401.75 and a 200 day moving average of $458.16. The company has a market cap of $9.98 billion, a PE ratio of 27.74, a P/E/G ratio of 2.24 and a beta of 1.99. Saia, Inc. has a 52-week low of $287.50 and a 52-week high of $624.55.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 EPS 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 firm had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. During the same period in the prior year, the firm posted $3.33 earnings per share. Saia’s revenue for the quarter was up 5.0% on a year-over-year basis. On average, sell-side analysts expect 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.