Alliance Wealth Advisors LLC UT Sells 30 Shares of Saia, Inc. (NASDAQ:SAIA)

Alliance Wealth Advisors LLC UT lowered its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 3.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 841 shares of the transportation company’s stock after selling 30 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Saia were worth $383,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Paladin Wealth LLC purchased a new stake in Saia during the third quarter valued at about $40,000. Tobam bought a new position in shares of Saia during the 3rd quarter valued at about $100,000. Blue Trust Inc. increased its position in shares of Saia by 319.1% during the 3rd quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock valued at $135,000 after purchasing an additional 217 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Saia by 148.0% during the 4th quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock valued at $167,000 after buying an additional 219 shares in the last quarter. Finally, Rehmann Capital Advisory Group bought a new stake in Saia in the 3rd quarter worth approximately $213,000.

Analysts Set New Price Targets

Several research analysts have commented on SAIA shares. 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 note on Tuesday. Stifel Nicolaus boosted their price target on shares of Saia from $443.00 to $529.00 and gave the stock a “hold” rating in a research note on Thursday, January 23rd. The Goldman Sachs Group raised their price objective on Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Jefferies Financial Group boosted their target price on Saia from $525.00 to $560.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Finally, Susquehanna raised their price target on Saia from $530.00 to $540.00 and gave the stock a “neutral” rating in a research report on Tuesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $530.41.

Insiders Place Their Bets

In other news, EVP Rohit Lal sold 1,120 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total value of $627,200.00. Following the sale, the executive vice president now directly owns 8,270 shares of the company’s stock, valued at $4,631,200. The trade was a 11.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.30% of the stock is owned by corporate insiders.

Saia Price Performance

SAIA stock opened at $479.27 on Wednesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.26. Saia, Inc. has a 1 year low of $358.90 and a 1 year high of $628.34. The firm has a 50-day moving average of $495.01 and a 200 day moving average of $461.63. The company has a market cap of $12.74 billion, a P/E ratio of 34.23, a PEG ratio of 2.31 and a beta of 1.79.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.87 by ($0.03). Saia had a return on equity of 18.00% and a net margin of 11.83%. The firm had revenue of $789.00 million during the quarter, compared to the consensus estimate of $794.69 million. During the same period in the prior year, the company posted $3.33 EPS. The firm’s revenue was up 5.0% on a year-over-year basis. On average, sell-side analysts forecast that Saia, Inc. will post 13.47 EPS for the current year.

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.