Calamos Advisors LLC Sells 4,994 Shares of Saia, Inc. (NASDAQ:SAIA)

Calamos Advisors LLC lowered its position in Saia, Inc. (NASDAQ:SAIA) by 71.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,040 shares of the transportation company’s stock after selling 4,994 shares during the period. Calamos Advisors LLC’s holdings in Saia were worth $894,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Contravisory Investment Management Inc. bought a new position in shares of Saia in the fourth quarter worth about $26,000. KB Financial Partners LLC purchased a new stake in Saia during the 1st quarter valued at approximately $28,000. NBC Securities Inc. bought a new stake in shares of Saia during the third quarter valued at approximately $54,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Saia in the third quarter worth $59,000. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Saia during the third quarter worth $60,000.

Saia Stock Performance

NASDAQ SAIA opened at $517.51 on Monday. The company has a market cap of $13.76 billion, a PE ratio of 39.00, a P/E/G ratio of 1.68 and a beta of 1.62. The firm’s 50 day moving average price is $572.59 and its 200-day moving average price is $476.18. Saia, Inc. has a 52-week low of $244.69 and a 52-week high of $628.34.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Friday, February 2nd. The transportation company reported $3.33 earnings per share for the quarter, topping analysts’ consensus estimates of $3.20 by $0.13. Saia had a return on equity of 19.75% and a net margin of 12.31%. The firm had revenue of $751.10 million during the quarter, compared to analysts’ expectations of $745.48 million. During the same period in the prior year, the business posted $2.65 EPS. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. On average, analysts forecast that Saia, Inc. will post 16.13 earnings per share for the current fiscal year.

Insider Activity

In related news, VP Rohit Lal sold 2,870 shares of the business’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the completion of the transaction, the vice president now owns 8,482 shares in the company, valued at approximately $4,551,017.10. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Richard D. Odell sold 10,000 shares of Saia stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $536.75, for a total value of $5,367,500.00. Following the completion of the sale, the director now directly owns 5,989 shares in the company, valued at approximately $3,214,595.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Rohit Lal sold 2,870 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the transaction, the vice president now owns 8,482 shares in the company, valued at approximately $4,551,017.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,699 shares of company stock worth $14,966,813. Corporate insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

SAIA has been the subject of several research analyst reports. JPMorgan Chase & Co. initiated coverage on shares of Saia in a research note on Monday, March 11th. They set an “overweight” rating and a $676.00 target price for the company. Wolfe Research lowered Saia from an “outperform” rating to a “peer perform” rating in a research report on Thursday, April 11th. UBS Group lifted their target price on Saia from $475.00 to $618.00 and gave the stock a “buy” rating in a report on Monday, February 5th. BMO Capital Markets increased their price target on Saia from $450.00 to $515.00 and gave the company a “market perform” rating in a research note on Monday, February 5th. Finally, Benchmark raised their price target on Saia from $575.00 to $625.00 and gave the company a “buy” rating in a report on Thursday, March 21st. One equities research analyst has 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $500.84.

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.