Saia, Inc. (NASDAQ:SAIA) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lessened its holdings in Saia, Inc. (NASDAQ:SAIA) by 29.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 24,757 shares of the transportation company’s stock after selling 10,516 shares during the period. Russell Investments Group Ltd.’s holdings in Saia were worth $10,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of SAIA. Contravisory Investment Management Inc. acquired a new position in shares of Saia during the fourth quarter valued at $26,000. GAMMA Investing LLC acquired a new position in shares of Saia during the fourth quarter valued at $43,000. NBC Securities Inc. acquired a new position in shares of Saia during the third quarter valued at $54,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Saia during the third quarter valued at $59,000. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Saia during the third quarter valued at $60,000.

Insiders Place Their Bets

In other Saia news, Director Richard D. Odell sold 10,000 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $536.75, for a total transaction of $5,367,500.00. Following the sale, the director now owns 5,989 shares in the company, valued at approximately $3,214,595.75. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Saia news, CEO Frederick J. Holzgrefe III sold 7,500 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $533.46, for a total transaction of $4,000,950.00. Following the sale, the chief executive officer now owns 14,248 shares in the company, valued at approximately $7,600,738.08. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Richard D. Odell sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $536.75, for a total value of $5,367,500.00. Following the sale, the director now directly owns 5,989 shares of the company’s stock, valued at approximately $3,214,595.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,699 shares of company stock worth $14,966,813. Company insiders own 0.30% of the company’s stock.

Saia Price Performance

Shares of Saia stock opened at $400.08 on Monday. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.04. The company’s 50-day moving average price is $554.03 and its two-hundred day moving average price is $479.91. Saia, Inc. has a 52 week low of $266.91 and a 52 week high of $628.34. The stock has a market cap of $10.64 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 1.26 and a beta of 1.71.

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

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on SAIA shares. Stifel Nicolaus downgraded shares of Saia from a “buy” rating to a “hold” rating and boosted their price target for the company from $484.00 to $526.00 in a report on Tuesday, February 6th. Bank of America reduced their price objective on shares of Saia from $645.00 to $484.00 and set a “buy” rating for the company in a report on Monday, April 29th. BMO Capital Markets reduced their price objective on shares of Saia from $575.00 to $490.00 and set a “market perform” rating for the company in a report on Monday, April 29th. TD Cowen reduced their price objective on shares of Saia from $528.00 to $473.00 and set a “hold” rating for the company in a report on Monday, April 29th. Finally, Susquehanna upped their price objective on shares of Saia from $500.00 to $625.00 and gave the stock a “positive” rating in a report on Thursday, February 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Saia presently has an average rating of “Hold” and an average target price of $497.22.

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.