Saia, Inc. (NASDAQ:SAIA) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. decreased its holdings in Saia, Inc. (NASDAQ:SAIA) by 9.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 927 shares of the transportation company’s stock after selling 98 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Saia were worth $406,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SAIA. Contravisory Investment Management Inc. acquired a new position in shares of Saia during the 4th quarter worth approximately $26,000. GAMMA Investing LLC purchased a new stake in Saia in the 4th quarter worth $43,000. NBC Securities Inc. acquired a new position in Saia during the third quarter worth $54,000. Harvest Fund Management Co. Ltd purchased a new position in Saia during the third quarter valued at $59,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of Saia in the third quarter valued at about $60,000.

Analysts Set New Price Targets

SAIA has been the subject of several research analyst reports. Bank of America reduced their price target on shares of Saia from $645.00 to $484.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Raymond James lifted their price target on Saia from $565.00 to $604.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. BMO Capital Markets dropped their price target on Saia from $575.00 to $490.00 and set a “market perform” rating for the company in a research report on Monday, April 29th. Wolfe Research lowered Saia from an “outperform” rating to a “peer perform” rating in a report on Thursday, April 11th. Finally, UBS Group dropped their target price on shares of Saia from $618.00 to $541.00 and set a “buy” rating for the company in a report on Monday, April 29th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, Saia currently has an average rating of “Hold” and a consensus target price of $497.22.

Insider Buying and Selling at Saia

In other news, VP Raymond R. Ramu sold 1,943 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $565.83, for a total transaction of $1,099,407.69. Following the completion of the transaction, the vice president now directly owns 4,447 shares of the company’s stock, valued at $2,516,246.01. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CFO Douglas L. Col sold 1,812 shares of Saia stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $557.75, for a total transaction of $1,010,643.00. Following the completion of the sale, the chief financial officer now directly owns 5,623 shares of the company’s stock, valued at approximately $3,136,228.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Raymond R. Ramu sold 1,943 shares of the stock in a transaction on Friday, February 9th. The shares were sold at an average price of $565.83, for a total value of $1,099,407.69. Following the completion of the transaction, the vice president now directly owns 4,447 shares in the company, valued at approximately $2,516,246.01. The disclosure for this sale can be found here. Insiders sold a total of 5,586 shares of company stock valued at $3,122,613 in the last three months. 0.30% of the stock is owned by corporate insiders.

Saia Stock Performance

Shares of Saia stock opened at $393.26 on Tuesday. The business’s fifty day simple moving average is $550.41 and its 200-day simple moving average is $480.00. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.04. The firm has a market cap of $10.46 billion, a PE ratio of 28.50, a price-to-earnings-growth ratio of 1.26 and a beta of 1.71. Saia, Inc. has a 52 week low of $266.91 and a 52 week high of $628.34.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.43 by ($0.05). The company had revenue of $754.80 million for the quarter, compared to analysts’ expectations of $772.36 million. Saia had a return on equity of 19.53% and a net margin of 12.42%. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. During the same period last year, the business earned $2.85 EPS. Equities analysts forecast that Saia, Inc. will post 15.38 earnings per share for the current year.

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.