Segall Bryant & Hamill LLC Lowers Stock Position in Saia, Inc. (NASDAQ:SAIA)

Segall Bryant & Hamill LLC cut its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 32.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,831 shares of the transportation company’s stock after selling 8,065 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.06% of Saia worth $7,670,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in Saia by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 2,522,938 shares of the transportation company’s stock valued at $1,149,779,000 after purchasing an additional 25,090 shares during the last quarter. State Street Corp grew its stake in shares of Saia by 3.1% in the third quarter. State Street Corp now owns 805,597 shares of the transportation company’s stock valued at $352,255,000 after buying an additional 24,351 shares in the last quarter. Wasatch Advisors LP raised its holdings 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 buying an additional 64,351 shares during the period. Geode Capital Management LLC lifted its stake in Saia by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 471,667 shares of the transportation company’s stock worth $206,292,000 after acquiring an additional 6,456 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in Saia by 4.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 261,803 shares of the transportation company’s stock worth $116,670,000 after acquiring an additional 11,177 shares in the last quarter.

Insider Buying and Selling

In related news, CAO Kelly W. Benton sold 460 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total transaction of $230,000.00. Following the completion of the sale, the chief accounting officer now owns 4,287 shares in the company, valued at $2,143,500. This represents a 9.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Matthew J. Batteh sold 700 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total transaction of $350,063.00. Following the transaction, the chief financial officer now directly owns 3,326 shares in the company, valued at $1,663,299.34. The trade was a 17.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,493 shares of company stock worth $4,646,181 in the last quarter. 0.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on SAIA shares. Stephens reiterated an “overweight” rating and set a $600.00 price target on shares of Saia in a research note on Thursday, February 6th. Bank of America cut their target price on shares of Saia from $565.00 to $484.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Saia in a research report on Friday, March 7th. They issued a “buy” rating and a $570.00 price target for the company. Stifel Nicolaus raised Saia from a “hold” rating to a “buy” rating and set a $524.00 price objective on the stock in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. decreased their target price on Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Saia presently has a consensus rating of “Moderate Buy” and a consensus target price of $526.39.

Saia Stock Down 0.4 %

Shares of NASDAQ:SAIA opened at $377.04 on Thursday. 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 50 day simple moving average of $436.61 and a 200-day simple moving average of $465.39. The company has a market capitalization of $10.04 billion, a PE ratio of 27.91, a P/E/G ratio of 2.24 and a beta of 1.89. Saia, Inc. has a twelve month low of $342.68 and a twelve month high of $624.55.

Saia (NASDAQ:SAIA) last released its quarterly earnings data 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 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 in the prior year, the company earned $3.33 EPS. The business’s revenue was up 5.0% on a year-over-year basis. On average, equities analysts predict that Saia, Inc. will post 15.46 EPS for the current fiscal 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.