Choreo LLC Has $249,000 Stock Position in Saia, Inc. (NASDAQ:SAIA)

Choreo LLC cut its stake in Saia, Inc. (NASDAQ:SAIA) by 31.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 542 shares of the transportation company’s stock after selling 248 shares during the period. Choreo LLC’s holdings in Saia were worth $249,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of SAIA. Blue Trust Inc. increased its holdings in shares of Saia by 319.1% in the third quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock valued at $135,000 after purchasing an additional 217 shares in the last quarter. GAMMA Investing LLC boosted its position in Saia by 148.0% in the 4th quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock valued at $167,000 after buying an additional 219 shares during the last quarter. Rehmann Capital Advisory Group acquired a new stake in shares of Saia in the 3rd quarter valued at $213,000. Venturi Wealth Management LLC increased its stake in shares of Saia by 63.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 593 shares of the transportation company’s stock valued at $259,000 after buying an additional 231 shares during the period. Finally, Greenleaf Trust raised its position in shares of Saia by 6.4% during the fourth quarter. Greenleaf Trust now owns 613 shares of the transportation company’s stock worth $279,000 after acquiring an additional 37 shares during the last quarter.

Saia Trading Up 1.1 %

NASDAQ:SAIA opened at $487.53 on Friday. The business’s 50-day simple moving average is $486.16 and its 200-day simple moving average is $463.61. Saia, Inc. has a fifty-two week low of $358.90 and a fifty-two week high of $628.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. The stock has a market capitalization of $12.97 billion, a PE ratio of 36.09, a price-to-earnings-growth ratio of 2.51 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 for the quarter, missing the consensus estimate of $2.87 by ($0.03). Saia had a net margin of 11.28% and a return on equity of 16.63%. The company had revenue of $789.00 million during the quarter, compared to analyst estimates of $794.69 million. During the same quarter last year, the company earned $3.33 EPS. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. Sell-side analysts expect that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Saia news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the completion of the transaction, the chief executive officer now owns 17,645 shares of the company’s stock, valued at $8,599,114.30. This represents a 29.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Patrick D. Sugar sold 799 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $493.74, for a total transaction of $394,498.26. Following the transaction, the executive vice president now directly 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. In the last ninety days, insiders sold 9,453 shares of company stock valued at $4,693,318. Company insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

SAIA has been the topic of several recent research reports. Citigroup decreased their price target on Saia from $561.00 to $544.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. Jefferies Financial Group raised their target price on shares of Saia from $525.00 to $560.00 and gave the company a “buy” rating in a research note on Friday, January 10th. TD Cowen boosted 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. Raymond James reduced their price objective on shares of Saia from $560.00 to $540.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company lowered their target price on shares of Saia from $550.00 to $510.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. One analyst has 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $535.41.

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.