Saia, Inc. (NASDAQ:SAIA) Shares Sold by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC trimmed its position in shares of Saia, Inc. (NASDAQ:SAIA) by 19.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 1,795 shares of the transportation company’s stock after selling 436 shares during the period. Orion Portfolio Solutions LLC’s holdings in Saia were worth $818,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC acquired a new stake in shares of Saia during the fourth quarter valued at about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Saia by 172.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 38 shares in the last quarter. Atala Financial Inc purchased a new stake in Saia during the 4th quarter worth approximately $36,000. Tortoise Investment Management LLC raised its position in shares of Saia by 76.6% in the 4th quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 49 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in shares of Saia by 47.8% during the 4th quarter. Jones Financial Companies Lllp now owns 201 shares of the transportation company’s stock valued at $92,000 after buying an additional 65 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on SAIA. Stephens reaffirmed an “overweight” rating and issued a $600.00 price target on shares of Saia in a report on Thursday, February 6th. JPMorgan Chase & Co. cut their target price on shares of Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Stifel Nicolaus raised shares of Saia from a “hold” rating to a “buy” rating and set a $524.00 price target on the stock in a research report on Monday, February 24th. Citigroup lowered their price objective on Saia from $544.00 to $498.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Finally, Bank of America reduced their target price on Saia from $565.00 to $484.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $509.72.

Insider Transactions at Saia

In other Saia news, CAO Kelly W. Benton sold 460 shares of the business’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total transaction of $230,000.00. Following the completion of the transaction, the chief accounting officer now owns 4,287 shares in the company, valued at approximately $2,143,500. The trade was a 9.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 17,645 shares of the company’s stock, valued at approximately $8,599,114.30. The trade was a 29.92 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,493 shares of company stock worth $4,646,181. Company insiders own 0.30% of the company’s stock.

Saia Stock Performance

Shares of SAIA opened at $322.38 on Monday. The firm has a fifty day moving average of $416.37 and a 200-day moving average of $461.87. The company has a market cap of $8.58 billion, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. Saia, Inc. has a 1 year low of $287.50 and a 1 year high of $624.55.

Saia (NASDAQ:SAIA) last posted its earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). Saia had a net margin of 11.28% and a return on equity of 16.63%. The firm had revenue of $789.00 million for the quarter, compared to analyst estimates of $794.69 million. During the same period in the previous year, the firm earned $3.33 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, equities analysts anticipate that Saia, Inc. will post 15.46 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.