Orion Portfolio Solutions LLC Sells 838 Shares of Saia, Inc. (NASDAQ:SAIA)

Orion Portfolio Solutions LLC cut its position in shares of Saia, Inc. (NASDAQ:SAIAFree Report) by 43.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,070 shares of the transportation company’s stock after selling 838 shares during the period. Orion Portfolio Solutions LLC’s holdings in Saia were worth $461,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. Allworth Financial LP grew its stake in Saia by 13.3% in the fourth quarter. Allworth Financial LP now owns 221 shares of the transportation company’s stock valued at $97,000 after purchasing an additional 26 shares in the last quarter. Park Place Capital Corp boosted its stake in shares of Saia by 11.1% during the 4th quarter. Park Place Capital Corp now owns 319 shares of the transportation company’s stock worth $140,000 after acquiring an additional 32 shares during the period. Xponance Inc. boosted its stake in shares of Saia by 1.0% during the 4th quarter. Xponance Inc. now owns 3,495 shares of the transportation company’s stock worth $1,532,000 after acquiring an additional 33 shares during the period. Axxcess Wealth Management LLC boosted its stake in shares of Saia by 6.1% during the 4th quarter. Axxcess Wealth Management LLC now owns 610 shares of the transportation company’s stock worth $267,000 after acquiring an additional 35 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of Saia by 18.8% during the 4th quarter. Signaturefd LLC now owns 228 shares of the transportation company’s stock worth $100,000 after acquiring an additional 36 shares during the period.

Analyst Upgrades and Downgrades

SAIA has been the subject of several research analyst reports. Stifel Nicolaus upgraded Saia from a “hold” rating to a “buy” rating and reduced their target price for the stock from $526.00 to $475.00 in a research note on Friday, May 24th. UBS Group dropped their price target on Saia from $618.00 to $541.00 and set a “buy” rating for the company in a report on Monday, April 29th. TD Cowen lifted their price target on Saia from $473.00 to $475.00 and gave the stock a “hold” rating in a report on Thursday. Raymond James lifted their price target on Saia from $565.00 to $604.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. Finally, Bank of America dropped their price target on Saia from $645.00 to $484.00 and set a “buy” rating for the company in a report on Monday, April 29th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $494.50.

Check Out Our Latest Research Report on SAIA

Insider Activity

In other Saia news, Director John P. Gainor, Jr. purchased 500 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were bought at an average price of $407.00 per share, for a total transaction of $203,500.00. Following the purchase, the director now owns 900 shares in the company, valued at approximately $366,300. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.30% of the company’s stock.

Saia Trading Up 1.6 %

Shares of SAIA opened at $452.61 on Friday. Saia, Inc. has a 52-week low of $292.66 and a 52-week high of $628.34. The business’s fifty day moving average is $469.12 and its 200-day moving average is $481.97. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.23 and a current ratio of 1.23. The firm has a market cap of $12.03 billion, a price-to-earnings ratio of 32.80, a PEG ratio of 1.56 and a beta of 1.70.

Saia (NASDAQ:SAIAGet Free Report) last issued its quarterly earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.43 by ($0.05). Saia had a net margin of 12.42% and a return on equity of 19.53%. The business had revenue of $754.80 million during the quarter, compared to the consensus estimate of $772.36 million. During the same quarter in the previous year, the business posted $2.85 EPS. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. Equities analysts anticipate that Saia, Inc. will post 15.17 EPS for the current fiscal year.

Saia Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

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