Saia, Inc. (NASDAQ:SAIA) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. decreased its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 37.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 65 shares of the transportation company’s stock after selling 39 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Saia were worth $31,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Retirement Systems of Alabama raised its holdings in Saia by 2.7% during the fourth quarter. Retirement Systems of Alabama now owns 39,125 shares of the transportation company’s stock worth $17,830,000 after purchasing an additional 1,025 shares in the last quarter. Jennison Associates LLC raised its holdings in Saia by 8.0% during the fourth quarter. Jennison Associates LLC now owns 127,896 shares of the transportation company’s stock worth $58,286,000 after purchasing an additional 9,435 shares in the last quarter. Greenleaf Trust raised its holdings in Saia by 6.4% during the fourth quarter. Greenleaf Trust now owns 613 shares of the transportation company’s stock worth $279,000 after purchasing an additional 37 shares in the last quarter. DAVENPORT & Co LLC raised its holdings in Saia by 813.5% during the fourth quarter. DAVENPORT & Co LLC now owns 29,946 shares of the transportation company’s stock worth $13,647,000 after purchasing an additional 26,668 shares in the last quarter. Finally, Hunter Associates Investment Management LLC raised its holdings in Saia by 8.2% during the fourth quarter. Hunter Associates Investment Management LLC now owns 7,090 shares of the transportation company’s stock worth $3,230,000 after purchasing an additional 539 shares in the last quarter.

Wall Street Analyst Weigh In

SAIA has been the subject of a number of research analyst reports. Susquehanna increased their target price on shares of Saia from $530.00 to $540.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Bank of America dropped their target price on shares of Saia from $600.00 to $565.00 and set a “buy” rating for the company in a report on Tuesday, February 4th. BMO Capital Markets increased their target price on shares of Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a report on Monday, October 28th. JPMorgan Chase & Co. dropped their target price on shares of Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Finally, TD Cowen raised their price objective on shares of Saia from $456.00 to $478.00 and gave the stock a “hold” rating in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $535.41.

Saia Stock Performance

NASDAQ:SAIA opened at $487.53 on Friday. Saia, Inc. has a 1 year low of $358.90 and a 1 year high of $628.34. The firm’s fifty day simple moving average is $486.16 and its 200 day simple moving average is $464.00. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $12.96 billion, a PE ratio of 36.09, a PEG ratio of 2.51 and a beta of 1.79.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). The company had revenue of $789.00 million during the quarter, compared to the consensus estimate of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. Saia’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period last year, the company earned $3.33 earnings per share. On average, sell-side analysts anticipate that Saia, Inc. will post 15.46 EPS for the current year.

Insider Activity at Saia

In other Saia news, EVP Rohit Lal sold 1,120 shares of the firm’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $560.00, for a total value of $627,200.00. Following the completion of the sale, the executive vice president now owns 8,270 shares in the company, valued at approximately $4,631,200. This trade represents a 11.93 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Patrick D. Sugar sold 799 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $493.74, for a total transaction of $394,498.26. Following the completion of the sale, the executive vice president now owns 8,629 shares of the company’s stock, valued at $4,260,482.46. The trade was a 8.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,453 shares of company stock valued at $4,693,318 in the last ninety days. Insiders own 0.30% of the company’s stock.

About Saia

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.