Thornburg Investment Management Inc. Lowers Holdings in Saia, Inc. (NASDAQ:SAIA)

Thornburg Investment Management Inc. decreased its position in Saia, Inc. (NASDAQ:SAIA) by 1.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,661 shares of the transportation company’s stock after selling 189 shares during the period. Thornburg Investment Management Inc.’s holdings in Saia were worth $5,770,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Park Avenue Securities LLC lifted its holdings in Saia by 14.7% during the fourth quarter. Park Avenue Securities LLC now owns 1,267 shares of the transportation company’s stock worth $577,000 after buying an additional 162 shares during the period. Oak Ridge Investments LLC lifted its holdings in Saia by 2.7% during the fourth quarter. Oak Ridge Investments LLC now owns 20,731 shares of the transportation company’s stock worth $9,448,000 after buying an additional 548 shares during the period. Artemis Investment Management LLP lifted its holdings in Saia by 72.9% during the fourth quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company’s stock worth $113,833,000 after buying an additional 105,356 shares during the period. Diversify Wealth Management LLC lifted its holdings in Saia by 21.7% during the fourth quarter. Diversify Wealth Management LLC now owns 1,904 shares of the transportation company’s stock worth $858,000 after buying an additional 340 shares during the period. Finally, UMB Bank n.a. lifted its holdings in Saia by 1.0% during the fourth quarter. UMB Bank n.a. now owns 3,707 shares of the transportation company’s stock worth $1,689,000 after buying an additional 37 shares during the period.

Analysts Set New Price Targets

A number of analysts have weighed in on SAIA shares. JPMorgan Chase & Co. lowered their target price on Saia from $436.00 to $299.00 and set an “overweight” rating for the company in a report on Monday, April 28th. TD Cowen upped their target price on Saia from $456.00 to $478.00 and gave the stock a “hold” rating in a report on Tuesday, February 4th. Cowen restated a “hold” rating on shares of Saia in a report on Tuesday, February 4th. Citigroup reduced their price target on Saia from $498.00 to $435.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Finally, Susquehanna reduced their price target on Saia from $540.00 to $410.00 and set a “neutral” rating on the stock in a research report on Monday, March 31st. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $345.16.

Saia Price Performance

NASDAQ SAIA opened at $285.10 on Friday. 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’s fifty day moving average price is $321.05 and its 200 day moving average price is $429.71. Saia, Inc. has a 1 year low of $229.12 and a 1 year high of $624.55. The company has a market cap of $7.59 billion, a price-to-earnings ratio of 21.10, a PEG ratio of 2.24 and a beta of 2.03.

Saia (NASDAQ:SAIA) last released its earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.77 by ($0.91). Saia had a net margin of 11.28% and a return on equity of 16.63%. The firm had revenue of $787.58 million during the quarter, compared to analyst estimates of $806.18 million. During the same period in the previous year, the company earned $3.38 earnings per share. Saia’s revenue was up 4.3% on a year-over-year basis. As a group, equities research analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current year.

Insiders Place Their Bets

In other Saia news, CAO Kelly W. Benton sold 460 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total transaction of $230,000.00. Following the sale, the chief accounting officer now directly owns 4,287 shares of the company’s stock, valued at approximately $2,143,500. This trade represents a 9.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Matthew J. Batteh sold 700 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total value of $350,063.00. Following the sale, the chief financial officer now directly owns 3,326 shares in the company, valued at $1,663,299.34. This represents a 17.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

About Saia

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.