Cwm LLC Sells 43 Shares of Saia, Inc. (NASDAQ:SAIA)

Cwm LLC decreased its holdings in Saia, Inc. (NASDAQ:SAIA) by 15.7% in the fourth quarter, Holdings Channel reports. The firm owned 231 shares of the transportation company’s stock after selling 43 shares during the quarter. Cwm LLC’s holdings in Saia were worth $101,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Contravisory Investment Management Inc. purchased a new stake in shares of Saia during the fourth quarter valued at $26,000. NBC Securities Inc. purchased a new position in shares of Saia in the 3rd quarter worth $54,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Saia during the 3rd quarter valued at about $59,000. Cullen Frost Bankers Inc. purchased a new position in shares of Saia in the third quarter worth approximately $60,000. Finally, RiverPark Advisors LLC purchased a new stake in Saia during the third quarter valued at approximately $75,000.

Insider Buying and Selling at Saia

In related news, Director Donna E. Epps sold 400 shares of the company’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $565.14, for a total transaction of $226,056.00. Following the completion of the sale, the director now directly owns 1,583 shares in the company, valued at approximately $894,616.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Donna E. Epps sold 400 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $565.14, for a total transaction of $226,056.00. Following the completion of the transaction, the director now owns 1,583 shares in the company, valued at approximately $894,616.62. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Raymond R. Ramu sold 1,943 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $565.83, for a total transaction of $1,099,407.69. Following the completion of the sale, the vice president now owns 4,447 shares of the company’s stock, valued at $2,516,246.01. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,586 shares of company stock valued at $3,122,613. 0.30% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SAIA has been the topic of a number of recent research reports. Stifel Nicolaus cut Saia from a “buy” rating to a “hold” rating and raised their target price for the stock from $484.00 to $526.00 in a report on Tuesday, February 6th. Wolfe Research cut Saia from an “outperform” rating to a “peer perform” rating in a research report on Thursday, April 11th. Bank of America reduced their target price 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. The Goldman Sachs Group lifted their price target on shares of Saia from $504.00 to $567.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Finally, StockNews.com cut shares of Saia from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $497.22.

Saia Trading Down 1.7 %

Shares of NASDAQ SAIA opened at $393.26 on Tuesday. Saia, Inc. has a twelve month low of $266.91 and a twelve month high of $628.34. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.04. The business has a fifty day simple moving average of $550.41 and a two-hundred day simple moving average of $480.00. The firm has a market cap of $10.46 billion, a PE ratio of 28.50, a price-to-earnings-growth ratio of 1.26 and a beta of 1.71.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, April 26th. The transportation company reported $3.38 earnings per share for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.05). The business had revenue of $754.80 million during the quarter, compared to analysts’ expectations of $772.36 million. Saia had a return on equity of 19.53% and a net margin of 12.42%. The firm’s revenue was up 14.3% compared to the same quarter last year. During the same period last year, the company earned $2.85 earnings per share. Analysts expect that Saia, Inc. will post 15.38 earnings per share for the current fiscal 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.