Saia, Inc. (NASDAQ:SAIA) Stock Position Reduced by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership lowered its position in Saia, Inc. (NASDAQ:SAIA) by 5.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 730,807 shares of the transportation company’s stock after selling 41,889 shares during the quarter. Artisan Partners Limited Partnership owned approximately 2.75% of Saia worth $333,051,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several research firms have weighed in on SAIA. Barclays cut their target price on Saia from $600.00 to $535.00 and set an “overweight” rating on the stock in a report on Monday, March 10th. TD Cowen upped their target price on Saia from $456.00 to $478.00 and gave the stock a “hold” rating in a research report on Tuesday, February 4th. Wells Fargo & Company dropped their price target on shares of Saia from $550.00 to $510.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Jefferies Financial Group upped their price objective on shares of Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Saia in a report on Friday, March 7th. They issued a “buy” rating and a $570.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Saia has a consensus rating of “Moderate Buy” and a consensus price target of $526.39.

Saia Trading Down 0.4 %

Shares of SAIA stock opened at $377.04 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. The firm has a fifty day moving average of $436.61 and a 200-day moving average of $465.39. Saia, Inc. has a 52-week low of $342.68 and a 52-week high of $624.55. The stock has a market cap of $10.04 billion, a price-to-earnings ratio of 27.91, a P/E/G ratio of 2.24 and a beta of 1.89.

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

Insider Activity at Saia

In other news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $487.34, for a total value of $3,671,619.56. Following the sale, the chief executive officer now owns 17,645 shares in the company, valued at approximately $8,599,114.30. The trade was a 29.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Patrick D. Sugar sold 799 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $493.74, for a total transaction of $394,498.26. Following the sale, the executive vice president now owns 8,629 shares of the company’s stock, valued at $4,260,482.46. This trade represents a 8.47 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,493 shares of company stock valued at $4,646,181 in the last 90 days. 0.30% of the stock is owned by corporate insiders.

Saia Company 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.