Blue Trust Inc. Sells 105 Shares of Saia, Inc. (NASDAQ:SAIA)

Blue Trust Inc. reduced its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 36.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 180 shares of the transportation company’s stock after selling 105 shares during the quarter. Blue Trust Inc.’s holdings in Saia were worth $82,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Artemis Investment Management LLP grew its stake in shares of Saia by 72.9% during the fourth quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company’s stock valued at $113,833,000 after buying an additional 105,356 shares during the last quarter. Stephens Investment Management Group LLC bought a new position in Saia in the 4th quarter valued at $45,767,000. Wasatch Advisors LP increased its stake in Saia by 10.2% in the third quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company’s stock worth $302,761,000 after purchasing an additional 64,351 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in shares of Saia during the third quarter worth $22,979,000. Finally, International Assets Investment Management LLC boosted its stake in shares of Saia by 43,625.8% during the third quarter. International Assets Investment Management LLC now owns 38,916 shares of the transportation company’s stock valued at $17,016,000 after purchasing an additional 38,827 shares during the period.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SAIA shares. TD Cowen raised their price target 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. Bank of America decreased their price target on shares of Saia from $600.00 to $565.00 and set a “buy” rating for the company in a research note on Tuesday, February 4th. Wells Fargo & Company dropped their price objective on Saia from $550.00 to $510.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Stifel Nicolaus lifted their target price on Saia from $443.00 to $529.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, Susquehanna increased their price target on Saia from $530.00 to $540.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $535.41.

Insiders Place Their Bets

In other news, CFO Matthew J. Batteh sold 700 shares of Saia stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total transaction of $350,063.00. Following the completion of the sale, the chief financial officer now directly owns 3,326 shares in the company, valued at approximately $1,663,299.34. The trade was a 17.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Patrick D. Sugar sold 799 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $493.74, for a total transaction of $394,498.26. Following the transaction, the executive vice president now owns 8,629 shares of the company’s stock, valued at $4,260,482.46. This represents a 8.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,493 shares of company stock valued at $4,646,181. 0.30% of the stock is currently owned by insiders.

Saia Price Performance

NASDAQ SAIA opened at $406.65 on Monday. The firm’s fifty day simple moving average is $480.48 and its two-hundred day simple moving average is $467.15. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 12-month low of $358.90 and a 12-month high of $628.34. The firm has a market capitalization of $10.81 billion, a P/E ratio of 30.10, a P/E/G ratio of 2.24 and a beta of 1.79.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.87 by ($0.03). Saia had a return on equity of 16.63% and a net margin of 11.28%. The firm had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $794.69 million. During the same period in the prior year, the firm posted $3.33 earnings per share. Saia’s revenue for the quarter was up 5.0% compared to the same quarter last year. Analysts forecast that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Saia Company 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.