Oppenheimer Asset Management Inc. Sells 412 Shares of Saia, Inc. (NASDAQ:SAIA)

Oppenheimer Asset Management Inc. decreased its holdings in Saia, Inc. (NASDAQ:SAIA) by 3.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,411 shares of the transportation company’s stock after selling 412 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Saia were worth $4,745,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in SAIA. CIBC Asset Management Inc boosted its stake in Saia by 3.5% during the third quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company’s stock valued at $337,000 after buying an additional 26 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Saia by 1.0% in the 4th quarter. UMB Bank n.a. now owns 3,707 shares of the transportation company’s stock valued at $1,689,000 after acquiring an additional 37 shares during the last quarter. Avior Wealth Management LLC lifted its holdings in shares of Saia by 3.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,171 shares of the transportation company’s stock valued at $534,000 after acquiring an additional 37 shares during the last quarter. Greenleaf Trust lifted its holdings in shares of Saia by 6.4% in the 4th quarter. Greenleaf Trust now owns 613 shares of the transportation company’s stock valued at $279,000 after acquiring an additional 37 shares during the last quarter. Finally, Mutual Advisors LLC lifted its holdings in shares of Saia by 5.0% in the 4th quarter. Mutual Advisors LLC now owns 805 shares of the transportation company’s stock valued at $397,000 after acquiring an additional 38 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SAIA. Barclays lowered their price target on shares of Saia from $620.00 to $600.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Stifel Nicolaus raised shares of Saia from a “hold” rating to a “buy” rating and set a $524.00 price target for the company in a report on Monday, February 24th. Citigroup lowered their price target on shares of Saia from $561.00 to $544.00 and set a “buy” rating for the company in a report on Tuesday, February 4th. Jefferies Financial Group increased their price target on shares of Saia from $525.00 to $560.00 and gave the company a “buy” rating in a report on Friday, January 10th. Finally, The Goldman Sachs Group increased their price target on shares of Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $535.12.

Insider Buying and Selling at Saia

In other news, CFO Matthew J. Batteh sold 700 shares of Saia stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total value of $350,063.00. Following the transaction, the chief financial officer now owns 3,326 shares of the company’s stock, valued at $1,663,299.34. The trade was a 17.39 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Kelly W. Benton sold 460 shares of Saia stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total transaction of $230,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 4,287 shares in the company, valued at approximately $2,143,500. The trade was a 9.69 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,493 shares of company stock valued at $4,646,181. Company insiders own 0.30% of the company’s stock.

Saia Price Performance

SAIA opened at $409.44 on Friday. The company has a market capitalization of $10.90 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 2.24 and a beta of 1.79. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 12-month low of $358.90 and a 12-month high of $628.34. The business’s fifty day simple moving average is $471.65 and its 200-day simple moving average is $466.76.

Saia (NASDAQ:SAIA) last posted its 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). The business had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the business posted $3.33 EPS. On average, equities research analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current fiscal 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.