Cynosure Group LLC Trims Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

Cynosure Group LLC reduced its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 24.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,248 shares of the transportation company’s stock after selling 411 shares during the quarter. Cynosure Group LLC’s holdings in Saia were worth $569,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its position in shares of Saia by 3.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 744 shares of the transportation company’s stock worth $339,000 after acquiring an additional 26 shares in the last quarter. Arizona State Retirement System lifted its holdings in Saia by 0.4% during the 4th quarter. Arizona State Retirement System now owns 7,685 shares of the transportation company’s stock worth $3,502,000 after purchasing an additional 29 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in Saia by 4.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 678 shares of the transportation company’s stock worth $309,000 after purchasing an additional 30 shares during the period. UMB Bank n.a. boosted its stake in Saia by 1.0% in the 4th quarter. UMB Bank n.a. now owns 3,707 shares of the transportation company’s stock worth $1,689,000 after purchasing an additional 37 shares during the period. Finally, Avior Wealth Management LLC grew its holdings in Saia by 3.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,171 shares of the transportation company’s stock valued at $534,000 after buying an additional 37 shares in the last quarter.

Wall Street Analyst Weigh In

SAIA has been the subject of a number of analyst reports. Jefferies Financial Group raised their price objective on shares of Saia from $525.00 to $560.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Stifel Nicolaus upgraded Saia from a “hold” rating to a “buy” rating and set a $524.00 price objective on the stock in a research report on Monday, February 24th. The Goldman Sachs Group raised their price target on Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Wells Fargo & Company cut their price objective on Saia from $510.00 to $400.00 and set an “equal weight” rating for the company in a report on Thursday, March 27th. Finally, TD Cowen raised their target price on shares of Saia from $456.00 to $478.00 and gave the company a “hold” rating in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $513.06.

Saia Trading Up 1.5 %

NASDAQ:SAIA opened at $354.77 on Wednesday. The company has a market cap of $9.45 billion, a PE ratio of 26.26, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89. Saia, Inc. has a 12 month low of $342.68 and a 12 month high of $624.55. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The company has a 50 day simple moving average of $425.94 and a two-hundred day simple moving average of $464.01.

Saia (NASDAQ:SAIA) last released its quarterly 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 business had revenue of $789.00 million during the quarter, compared to the consensus estimate of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The firm’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.33 earnings per share. Research analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Matthew J. Batteh sold 700 shares of Saia stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total transaction of $350,063.00. Following the transaction, the chief financial officer now owns 3,326 shares in the company, valued at approximately $1,663,299.34. The trade was a 17.39 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 17,645 shares of the company’s stock, valued at $8,599,114.30. This represents a 29.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,493 shares of company stock worth $4,646,181 over the last quarter. 0.30% of the stock is currently owned by corporate 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.