Aviva PLC Trims Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

Aviva PLC reduced its stake in Saia, Inc. (NASDAQ:SAIA – Get Rating) by 44.3% during the 4th quarter, Holdings Channel reports. The fund owned 4,371 shares of the transportation company’s stock after selling 3,473 shares during the period. Aviva PLC’s holdings in Saia were worth $917,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Van ECK Associates Corp lifted its position in shares of Saia by 15.0% in the fourth quarter. Van ECK Associates Corp now owns 956 shares of the transportation company’s stock valued at $200,000 after acquiring an additional 125 shares in the last quarter. Pacer Advisors Inc. lifted its position in shares of Saia by 427.3% in the fourth quarter. Pacer Advisors Inc. now owns 5,088 shares of the transportation company’s stock valued at $1,067,000 after acquiring an additional 4,123 shares in the last quarter. Park Avenue Securities LLC lifted its position in shares of Saia by 25.0% in the fourth quarter. Park Avenue Securities LLC now owns 2,158 shares of the transportation company’s stock valued at $452,000 after acquiring an additional 432 shares in the last quarter. ZWJ Investment Counsel Inc. lifted its position in shares of Saia by 4.1% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 33,147 shares of the transportation company’s stock valued at $6,950,000 after acquiring an additional 1,294 shares in the last quarter. Finally, Parallel Advisors LLC lifted its position in shares of Saia by 8.8% in the fourth quarter. Parallel Advisors LLC now owns 506 shares of the transportation company’s stock valued at $106,000 after acquiring an additional 41 shares in the last quarter.

Insider Activity

In other Saia news, Director Donna E. Epps sold 240 shares of Saia stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $280.85, for a total transaction of $67,404.00. Following the sale, the director now directly owns 1,983 shares in the company, valued at approximately $556,925.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Saia news, Director Richard D. Odell sold 2,500 shares of Saia stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $293.90, for a total transaction of $734,750.00. Following the sale, the director now directly owns 5,989 shares in the company, valued at approximately $1,760,167.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Donna E. Epps sold 240 shares of Saia stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $280.85, for a total value of $67,404.00. Following the sale, the director now owns 1,983 shares in the company, valued at $556,925.55. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,953 shares of company stock worth $1,450,996. 0.50% of the stock is currently owned by corporate insiders.

Saia Price Performance

SAIA stock opened at $277.72 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.90 and a current ratio of 1.90. Saia, Inc. has a 1 year low of $168.03 and a 1 year high of $306.40. The firm has a market cap of $7.37 billion, a P/E ratio of 20.93, a price-to-earnings-growth ratio of 3.41 and a beta of 1.51. The stock has a 50-day simple moving average of $274.48 and a 200-day simple moving average of $257.18.

Saia (NASDAQ:SAIA – Get Rating) last posted its earnings results on Friday, April 28th. The transportation company reported $2.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.68 by $0.17. Saia had a return on equity of 23.07% and a net margin of 12.69%. The business had revenue of $660.50 million during the quarter, compared to analyst estimates of $667.28 million. During the same quarter last year, the firm earned $2.98 earnings per share. The company’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities analysts predict that Saia, Inc. will post 12.27 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SAIA has been the topic of several recent analyst reports. Stephens increased their target price on Saia from $265.00 to $365.00 and gave the stock an “overweight” rating in a research report on Monday, February 6th. Evercore ISI increased their target price on Saia from $248.00 to $298.00 and gave the stock an “in-line” rating in a research report on Monday, February 6th. Credit Suisse Group increased their target price on Saia from $292.00 to $317.00 in a research report on Monday, May 1st. Cowen increased their target price on Saia from $229.00 to $283.00 and gave the stock a “market perform” rating in a research report on Monday, February 6th. Finally, The Goldman Sachs Group increased their target price on Saia from $232.00 to $262.00 and gave the stock a “neutral” rating in a research report on Monday, February 6th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $294.94.

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.