Saia, Inc. (NASDAQ:SAIA) Shares Sold by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. trimmed its position in Saia, Inc. (NASDAQ:SAIA) by 9.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 927 shares of the transportation company’s stock after selling 98 shares during the period. Atria Wealth Solutions Inc.’s holdings in Saia were worth $406,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Contravisory Investment Management Inc. bought a new stake in Saia during the fourth quarter valued at $26,000. GAMMA Investing LLC acquired a new position in shares of Saia in the 4th quarter valued at about $43,000. NBC Securities Inc. acquired a new position in shares of Saia in the 3rd quarter valued at about $54,000. Harvest Fund Management Co. Ltd acquired a new stake in Saia during the third quarter worth about $59,000. Finally, Cullen Frost Bankers Inc. bought a new position in Saia in the third quarter worth about $60,000.

Analysts Set New Price Targets

Several research firms have recently commented on SAIA. Benchmark upped their target price on Saia from $575.00 to $625.00 and gave the company a “buy” rating in a report on Thursday, March 21st. UBS Group lowered their price objective on Saia from $618.00 to $541.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Raymond James raised their target price on Saia from $565.00 to $604.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. Bank of America lowered their price target on shares of Saia from $645.00 to $484.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Finally, Stifel Nicolaus lowered shares of Saia from a “buy” rating to a “hold” rating and boosted their target price for the company from $484.00 to $526.00 in a research note on Tuesday, February 6th. Two 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.com, the stock has an average rating of “Hold” and a consensus target price of $497.22.

Saia Stock Performance

NASDAQ:SAIA opened at $393.26 on Tuesday. The company has a 50-day moving average of $550.41 and a 200-day moving average of $480.00. The firm has a market cap of $10.46 billion, a price-to-earnings ratio of 28.50, a price-to-earnings-growth ratio of 1.26 and a beta of 1.71. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.04. Saia, Inc. has a twelve month low of $266.91 and a twelve month high of $628.34.

Saia (NASDAQ:SAIA) last issued its earnings results 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 for 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%. The company’s quarterly revenue was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.85 earnings per share. Analysts forecast that Saia, Inc. will post 15.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director John P. Gainor, Jr. bought 500 shares of Saia stock in a transaction dated Thursday, May 2nd. The stock was acquired at an average cost of $407.00 per share, with a total value of $203,500.00. Following the completion of the acquisition, the director now directly owns 900 shares in the company, valued at approximately $366,300. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director John P. Gainor, Jr. bought 500 shares of the company’s stock in a transaction dated Thursday, May 2nd. The shares were acquired at an average cost of $407.00 per share, with a total value of $203,500.00. Following the completion of the transaction, the director now directly owns 900 shares in the company, valued at approximately $366,300. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Raymond R. Ramu sold 1,943 shares of the company’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 approximately $2,516,246.01. The disclosure for this sale can be found here. Insiders have sold 5,586 shares of company stock worth $3,122,613 in the last three months. 0.30% of the stock is currently owned by insiders.

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.