Saia, Inc. (NASDAQ:SAIA) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. decreased its position in shares of Saia, Inc. (NASDAQ:SAIAFree Report) by 2.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,949 shares of the transportation company’s stock after selling 58 shares during the period. Crossmark Global Holdings Inc.’s holdings in Saia were worth $854,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its stake in shares of Saia by 164.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,418 shares of the transportation company’s stock worth $1,498,000 after purchasing an additional 2,126 shares during the period. Capital Research Global Investors lifted its position in Saia by 129.8% during the fourth quarter. Capital Research Global Investors now owns 920,258 shares of the transportation company’s stock worth $403,275,000 after buying an additional 519,819 shares during the period. CIBC Private Wealth Group LLC boosted its stake in Saia by 61.7% in the 4th quarter. CIBC Private Wealth Group LLC now owns 39,078 shares of the transportation company’s stock worth $17,125,000 after buying an additional 14,915 shares during the last quarter. KBC Group NV purchased a new stake in Saia in the 4th quarter valued at about $223,000. Finally, Jade Capital Advisors LLC acquired a new position in shares of Saia during the 4th quarter valued at about $3,725,000.

Analysts Set New Price Targets

SAIA has been the topic of several research analyst reports. JPMorgan Chase & Co. decreased their target price on shares of Saia from $676.00 to $580.00 and set an “overweight” rating on the stock in a research report on Monday, April 29th. Stifel Nicolaus raised shares of Saia from a “hold” rating to a “buy” rating and lowered their price objective for the company from $526.00 to $475.00 in a research note on Friday, May 24th. The Goldman Sachs Group upped their price objective on Saia from $504.00 to $567.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. StockNews.com cut Saia from a “hold” rating to a “sell” rating in a report on Monday, April 29th. Finally, Wolfe Research lowered Saia from an “outperform” rating to a “peer perform” rating in a research note on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $492.83.

Get Our Latest Stock Report on SAIA

Saia Trading Up 0.7 %

NASDAQ SAIA opened at $449.01 on Tuesday. The company’s fifty day simple moving average is $463.60 and its 200-day simple moving average is $483.17. The stock has a market cap of $11.94 billion, a P/E ratio of 32.54, a PEG ratio of 1.60 and a beta of 1.70. Saia, Inc. has a 52 week low of $295.12 and a 52 week high of $628.34. 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 (NASDAQ:SAIAGet Free Report) last posted its quarterly earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.43 by ($0.05). Saia had a net margin of 12.42% and a return on equity of 19.53%. The company had revenue of $754.80 million during the quarter, compared to analyst estimates of $772.36 million. During the same period in the prior year, the company earned $2.85 earnings per share. The company’s revenue was up 14.3% on a year-over-year basis. Equities research analysts predict that Saia, Inc. will post 15.24 EPS for the current fiscal year.

Insider Activity at Saia

In related news, Director John P. Gainor, Jr. bought 500 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were bought at an average cost of $407.00 per share, for a total transaction of $203,500.00. Following the completion of the purchase, the director now owns 900 shares of the company’s stock, valued at approximately $366,300. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.30% of the company’s stock.

Saia Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

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