Saia, Inc. (NASDAQ:SAIA) Shares Sold by Legacy Wealth Asset Management LLC

Legacy Wealth Asset Management LLC cut its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 7.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 709 shares of the transportation company’s stock after selling 61 shares during the period. Legacy Wealth Asset Management LLC’s holdings in Saia were worth $323,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Saia by 2.6% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 869,859 shares of the transportation company’s stock valued at $412,566,000 after purchasing an additional 22,143 shares during the last quarter. State Street Corp lifted its stake in Saia by 3.1% during the third quarter. State Street Corp now owns 805,597 shares of the transportation company’s stock valued at $352,255,000 after purchasing an additional 24,351 shares during the last quarter. Wasatch Advisors LP lifted its position in shares of Saia by 10.2% in the 3rd quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company’s stock valued at $302,761,000 after acquiring an additional 64,351 shares in the last quarter. Geode Capital Management LLC boosted its stake in Saia by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 471,667 shares of the transportation company’s stock worth $206,292,000 after purchasing an additional 6,456 shares during the period. Finally, Westfield Capital Management Co. LP boosted its stake in Saia by 11.8% in the 3rd quarter. Westfield Capital Management Co. LP now owns 303,582 shares of the transportation company’s stock worth $132,744,000 after purchasing an additional 31,991 shares during the period.

Insiders Place Their Bets

In other news, EVP Rohit Lal sold 1,120 shares of Saia stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $560.00, for a total transaction of $627,200.00. Following the sale, the executive vice president now directly owns 8,270 shares in the company, valued at approximately $4,631,200. The trade was a 11.93 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

SAIA has been the subject of a number of recent analyst reports. Bank of America decreased their price objective on shares of Saia from $612.00 to $600.00 and set a “buy” rating for the company in a research note on Thursday. The Goldman Sachs Group raised their price objective on shares of Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Evercore ISI decreased their price objective on shares of Saia from $503.00 to $488.00 and set an “outperform” rating for the company in a research note on Thursday, October 3rd. Jefferies Financial Group raised their price objective on shares of Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, Stephens raised their price objective on shares of Saia from $481.00 to $515.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $522.59.

Saia Stock Performance

NASDAQ:SAIA opened at $486.89 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 $506.97 and its 200 day simple moving average is $459.88. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $12.95 billion, a PE ratio of 34.78, a PEG ratio of 2.12 and a beta of 1.79.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.53 by ($0.07). The company had revenue of $842.10 million during the quarter, compared to analyst estimates of $839.82 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.67 earnings per share. On average, sell-side analysts anticipate that Saia, Inc. will post 13.49 EPS for the current year.

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.