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

Invesco LLC cut its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 4.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 488 shares of the transportation company’s stock after selling 25 shares during the period. Invesco LLC’s holdings in Saia were worth $222,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Paladin Wealth LLC purchased a new position in Saia during the 3rd quarter worth $40,000. Quarry LP purchased a new position in shares of Saia during the second quarter worth about $41,000. Tobam acquired a new position in Saia in the 3rd quarter valued at about $100,000. Blue Trust Inc. raised its stake in 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 acquiring an additional 217 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Saia by 148.0% during the 4th quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock worth $167,000 after acquiring an additional 219 shares during the period.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SAIA shares. Jefferies Financial Group increased their price target on Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Barclays lowered their target price on shares of Saia from $620.00 to $600.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Wolfe Research raised shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price target for the company in a report on Wednesday, October 9th. The Goldman Sachs Group lifted their price objective on Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Finally, Evercore ISI reduced their price target on Saia from $503.00 to $488.00 and set an “outperform” rating for the company in a report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $527.65.

Insider Activity

In other news, EVP Rohit Lal sold 1,120 shares of the company’s stock in a transaction 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 in the company, valued at $4,631,200. This represents a 11.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.30% of the company’s stock.

Saia Price Performance

NASDAQ:SAIA traded down $0.67 during mid-day trading on Wednesday, hitting $495.15. 18,826 shares of the company’s stock traded hands, compared to its average volume of 313,895. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.26. The company has a market cap of $13.17 billion, a PE ratio of 35.37, a price-to-earnings-growth ratio of 2.38 and a beta of 1.79. The firm’s 50 day simple moving average is $501.77 and its 200 day simple moving average is $461.88. Saia, Inc. has a 1 year low of $358.90 and a 1 year high of $628.34.

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.