Maryland State Retirement & Pension System Sells 99 Shares of Saia, Inc. (NASDAQ:SAIA)

Maryland State Retirement & Pension System cut its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 6.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,414 shares of the transportation company’s stock after selling 99 shares during the period. Maryland State Retirement & Pension System’s holdings in Saia were worth $644,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Kestra Investment Management LLC acquired a new position in shares of Saia during the fourth quarter worth $25,000. Atala Financial Inc acquired a new position in Saia during the 4th quarter worth about $36,000. Tortoise Investment Management LLC increased its stake in shares of Saia by 76.6% in the fourth quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company’s stock valued at $51,000 after buying an additional 49 shares during the period. Jones Financial Companies Lllp raised its position in shares of Saia by 47.8% during the fourth quarter. Jones Financial Companies Lllp now owns 201 shares of the transportation company’s stock worth $92,000 after acquiring an additional 65 shares during the last quarter. Finally, Arcadia Investment Management Corp MI acquired a new position in shares of Saia in the fourth quarter worth approximately $154,000.

Insider Activity

In other 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 value of $3,671,619.56. Following the completion of the transaction, the chief executive officer now directly owns 17,645 shares of the company’s stock, valued at $8,599,114.30. This represents a 29.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Patrick D. Sugar sold 799 shares of Saia stock in a transaction on Monday, February 10th. The stock was sold at an average price of $493.74, for a total value of $394,498.26. Following the sale, the executive vice president now owns 8,629 shares in the company, valued at $4,260,482.46. This trade represents a 8.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,493 shares of company stock worth $4,646,181 over the last quarter. Insiders own 0.30% of the company’s stock.

Saia Price Performance

SAIA stock opened at $381.49 on Tuesday. The company has a market capitalization of $10.16 billion, a P/E ratio of 28.24, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89. Saia, Inc. has a 52-week low of $342.68 and a 52-week high of $624.55. The business has a 50-day simple moving average of $440.60 and a two-hundred day simple moving average of $466.18. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57.

Saia (NASDAQ:SAIA) last announced 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 company had revenue of $789.00 million for the quarter, compared to the consensus estimate of $794.69 million. During the same quarter last year, the company posted $3.33 EPS. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. Research analysts expect that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SAIA shares. Stephens reissued an “overweight” rating and set a $600.00 target price on shares of Saia in a research report on Thursday, February 6th. Barclays lowered their target price on shares of Saia from $600.00 to $535.00 and set an “overweight” rating for the company in a research note on Monday, March 10th. Deutsche Bank Aktiengesellschaft started coverage on shares of Saia in a research report on Friday, March 7th. They set a “buy” rating and a $570.00 price target on the stock. The Goldman Sachs Group boosted their price objective on Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Finally, Wells Fargo & Company cut their target price on Saia from $550.00 to $510.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $526.39.

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.