Saia, Inc. (NASDAQ:SAIA) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc trimmed its position in Saia, Inc. (NASDAQ:SAIA) by 2.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 13,192 shares of the transportation company’s stock after selling 389 shares during the period. Ensign Peak Advisors Inc’s holdings in Saia were worth $6,012,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of SAIA. Fifth Third Wealth Advisors LLC grew its stake in Saia by 16.7% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 1,110 shares of the transportation company’s stock worth $506,000 after purchasing an additional 159 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in Saia by 14.7% in the fourth quarter. Park Avenue Securities LLC now owns 1,267 shares of the transportation company’s stock worth $577,000 after acquiring an additional 162 shares during the last quarter. Redhawk Wealth Advisors Inc. lifted its holdings in Saia by 4.4% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 6,783 shares of the transportation company’s stock worth $3,091,000 after acquiring an additional 283 shares during the last quarter. Oak Ridge Investments LLC lifted its holdings in Saia by 2.7% in the fourth quarter. Oak Ridge Investments LLC now owns 20,731 shares of the transportation company’s stock worth $9,448,000 after acquiring an additional 548 shares during the last quarter. Finally, Artemis Investment Management LLP lifted its holdings in Saia by 72.9% in the fourth quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company’s stock worth $113,833,000 after acquiring an additional 105,356 shares during the last quarter.

Saia Price Performance

Shares of NASDAQ:SAIA opened at $285.05 on Wednesday. Saia, Inc. has a 12 month low of $229.12 and a 12 month high of $624.55. The stock has a market cap of $7.59 billion, a price-to-earnings ratio of 21.10, a PEG ratio of 2.24 and a beta of 2.03. The stock’s 50 day moving average price is $326.05 and its 200 day moving average price is $433.83. 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 (NASDAQ:SAIA) last announced its earnings results on Friday, April 25th. The transportation company reported $1.86 EPS for the quarter, missing the consensus estimate of $2.77 by ($0.91). Saia had a return on equity of 16.63% and a net margin of 11.28%. The firm had revenue of $787.58 million for the quarter, compared to the consensus estimate of $806.18 million. During the same period in the previous year, the firm earned $3.38 EPS. Saia’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities research analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. TD Cowen raised their target price on shares of Saia from $456.00 to $478.00 and gave the stock a “hold” rating in a report on Tuesday, February 4th. Wolfe Research cut shares of Saia from an “outperform” rating to a “peer perform” rating in a report on Tuesday, April 29th. Bank of America cut shares of Saia from a “buy” rating to a “neutral” rating and set a $251.00 target price on the stock. in a report on Monday, April 28th. Evercore ISI cut their target price on shares of Saia from $415.00 to $298.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Finally, Raymond James set a $310.00 price target on Saia and gave the company an “outperform” rating in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $342.58.

Insiders Place Their Bets

In other Saia news, CAO Kelly W. Benton sold 460 shares of Saia stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total value of $230,000.00. Following the transaction, the chief accounting officer now owns 4,287 shares in the company, valued at approximately $2,143,500. The trade was a 9.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Matthew J. Batteh sold 700 shares of Saia stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total transaction of $350,063.00. Following the completion of the transaction, the chief financial officer now owns 3,326 shares in the company, 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. 0.30% of the stock is currently 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.