Guggenheim Capital LLC Sells 107 Shares of Saia, Inc. (NASDAQ:SAIA)

Guggenheim Capital LLC lessened its holdings in Saia, Inc. (NASDAQ:SAIA – Get Rating) by 2.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,603 shares of the transportation company’s stock after selling 107 shares during the quarter. Guggenheim Capital LLC’s holdings in Saia were worth $685,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Oppenheimer Asset Management Inc. grew its stake in shares of Saia by 4.0% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,566 shares of the transportation company’s stock worth $1,422,000 after acquiring an additional 293 shares during the period. Ontario Teachers Pension Plan Board grew its stake in shares of Saia by 146.6% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 10,275 shares of the transportation company’s stock worth $1,932,000 after acquiring an additional 6,108 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC grew its stake in shares of Saia by 17.5% during the 3rd quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 2,525 shares of the transportation company’s stock worth $479,000 after acquiring an additional 376 shares during the period. Mirabella Financial Services LLP grew its stake in shares of Saia by 108.0% during the 3rd quarter. Mirabella Financial Services LLP now owns 7,050 shares of the transportation company’s stock worth $1,373,000 after acquiring an additional 3,660 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its stake in shares of Saia by 32.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,787 shares of the transportation company’s stock worth $524,000 after acquiring an additional 687 shares during the period.

Saia Stock Performance

Shares of NASDAQ SAIA opened at $280.66 on Friday. The stock has a market cap of $7.45 billion, a price-to-earnings ratio of 20.94, a P/E/G ratio of 4.24 and a beta of 1.52. The company has a current ratio of 1.94, a quick ratio of 1.94 and a debt-to-equity ratio of 0.01. Saia, Inc. has a 1-year low of $168.03 and a 1-year high of $306.40. The stock’s 50-day moving average is $262.47 and its 200 day moving average is $230.19.

Saia (NASDAQ:SAIA – Get Rating) last announced its quarterly earnings data on Friday, February 3rd. The transportation company reported $2.65 earnings per share for the quarter, missing analysts’ consensus estimates of $2.80 by ($0.15). The firm had revenue of $655.70 million for the quarter, compared to analysts’ expectations of $652.12 million. Saia had a net margin of 12.80% and a return on equity of 24.73%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the business posted $2.76 earnings per share. On average, sell-side analysts anticipate that Saia, Inc. will post 12.55 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Patrick D. Sugar sold 980 shares of the firm’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $293.53, for a total transaction of $287,659.40. Following the transaction, the executive vice president now directly owns 8,869 shares in the company, valued at approximately $2,603,317.57. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Richard D. Odell sold 9,143 shares of the firm’s stock in a transaction that occurred on Tuesday, February 7th. The stock was sold at an average price of $294.83, for a total transaction of $2,695,630.69. Following the transaction, the director now directly owns 8,110 shares in the company, valued at approximately $2,391,071.30. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Patrick D. Sugar sold 980 shares of the firm’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $293.53, for a total value of $287,659.40. Following the transaction, the executive vice president now owns 8,869 shares in the company, valued at $2,603,317.57. The disclosure for this sale can be found here. Insiders have sold a total of 39,004 shares of company stock worth $11,137,223 in the last ninety days. 0.50% of the stock is owned by insiders.

Analysts Set New Price Targets

SAIA has been the subject of several research reports. Evercore ISI increased their price target on Saia from $248.00 to $298.00 and gave the stock an “in-line” rating in a research note on Monday, February 6th. The Goldman Sachs Group raised their target price on Saia from $232.00 to $262.00 and gave the stock a “neutral” rating in a research note on Monday, February 6th. Benchmark restated a “buy” rating and issued a $320.00 target price on shares of Saia in a research note on Thursday. Stephens raised their target price on Saia from $265.00 to $365.00 and gave the stock an “overweight” rating in a research note on Monday, February 6th. Finally, Cowen raised their target price on Saia from $229.00 to $283.00 and gave the stock a “market perform” rating in a research note on Monday, February 6th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Saia currently has a consensus rating of “Hold” and a consensus target price of $286.82.

Saia Profile

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Saia, Inc operates as a transportation holding company. The firm through its wholly-owned subsidiaries provides regional and interregional less-than-truckload (LTL) services through a single integrated organization. The firm also offers other value-added services, including non-asset truckload, expedited and logistics services across North America.