Yousif Capital Management LLC Cuts Stock Position in Saia, Inc. (NASDAQ:SAIA)

Yousif Capital Management LLC cut its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 4.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 9,429 shares of the transportation company’s stock after selling 413 shares during the period. Yousif Capital Management LLC’s holdings in Saia were worth $4,297,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Tobam acquired a new position in shares of Saia during the 3rd quarter worth about $100,000. LVW Advisors LLC lifted its position in shares of Saia by 12.1% in the third quarter. LVW Advisors LLC now owns 1,645 shares of the transportation company’s stock valued at $719,000 after acquiring an additional 178 shares in the last quarter. Redhawk Wealth Advisors Inc. increased its position in shares of Saia by 4.4% during the third quarter. Redhawk Wealth Advisors Inc. now owns 6,500 shares of the transportation company’s stock worth $2,842,000 after purchasing an additional 272 shares in the last quarter. Paladin Wealth LLC acquired a new position in Saia in the 3rd quarter valued at $40,000. Finally, ZWJ Investment Counsel Inc. lifted its holdings in Saia by 9.7% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 58,226 shares of the transportation company’s stock valued at $25,460,000 after purchasing an additional 5,172 shares in the last quarter.

Saia Stock Performance

NASDAQ:SAIA opened at $489.51 on Friday. Saia, Inc. has a fifty-two week low of $358.90 and a fifty-two week high of $628.34. 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 50 day moving average price of $492.66 and a 200 day moving average price of $462.24. The stock has a market capitalization of $13.02 billion, a P/E ratio of 34.97, a PEG ratio of 2.31 and a beta of 1.79.

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

Insider Buying and Selling at Saia

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SAIA shares. TD Cowen upped 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. JPMorgan Chase & Co. cut their price objective on shares of Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a report on Tuesday. Barclays decreased their target price on shares of Saia from $620.00 to $600.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Stifel Nicolaus increased their price target on Saia from $443.00 to $529.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. Finally, BMO Capital Markets boosted their price objective on Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a research note on Monday, October 28th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $535.41.

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.