State of Alaska Department of Revenue Lowers Holdings in Saia, Inc. (NASDAQ:SAIA)

State of Alaska Department of Revenue decreased its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,035 shares of the transportation company’s stock after selling 50 shares during the quarter. State of Alaska Department of Revenue’s holdings in Saia were worth $1,383,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SAIA. ZWJ Investment Counsel Inc. raised its stake in shares of Saia by 9.7% in the third quarter. ZWJ Investment Counsel Inc. now owns 58,226 shares of the transportation company’s stock worth $25,460,000 after purchasing an additional 5,172 shares during the last quarter. Blue Trust Inc. raised its stake in shares of Saia by 319.1% in the third quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock worth $135,000 after purchasing an additional 217 shares during the last quarter. Raymond James & Associates raised its stake in shares of Saia by 4.6% in the third quarter. Raymond James & Associates now owns 102,837 shares of the transportation company’s stock worth $44,966,000 after purchasing an additional 4,548 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Saia by 64.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company’s stock worth $109,589,000 after purchasing an additional 98,383 shares during the last quarter. Finally, Jade Capital Advisors LLC purchased a new position in shares of Saia in the third quarter worth $437,000.

Saia Stock Performance

NASDAQ:SAIA opened at $476.90 on Thursday. The stock has a 50-day simple moving average of $487.42 and a two-hundred day simple moving average of $462.77. Saia, Inc. has a 52-week low of $358.90 and a 52-week high of $628.34. 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 market capitalization of $12.68 billion, a PE ratio of 35.30, a P/E/G ratio of 2.51 and a beta of 1.79.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). The business had revenue of $789.00 million during the quarter, compared to the consensus estimate of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The business’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the company earned $3.33 EPS. Analysts forecast that Saia, Inc. will post 15.46 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Wells Fargo & Company decreased their price target on Saia from $550.00 to $510.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. JPMorgan Chase & Co. decreased their price target on Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. Citigroup cut their price objective on Saia from $561.00 to $544.00 and set a “buy” rating for the company in a report on Tuesday, February 4th. Bank of America cut their price objective on Saia from $600.00 to $565.00 and set a “buy” rating for the company in a report on Tuesday, February 4th. Finally, Stifel Nicolaus lifted their price objective on Saia from $443.00 to $529.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $535.41.

Insider Transactions at Saia

In related news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was 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 directly owns 17,645 shares in the company, valued at approximately $8,599,114.30. The trade was a 29.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Rohit Lal sold 1,120 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $560.00, for a total value of $627,200.00. Following the completion of the sale, the executive vice president now owns 8,270 shares in the company, valued at $4,631,200. This represents a 11.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,453 shares of company stock valued at $4,693,318 over the last 90 days. Company insiders own 0.30% of the company’s stock.

About Saia

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.