Sanctuary Advisors LLC Has $2.32 Million Stock Position in Saia, Inc. (NASDAQ:SAIA)

Sanctuary Advisors LLC trimmed its position in Saia, Inc. (NASDAQ:SAIA) by 5.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 4,678 shares of the transportation company’s stock after selling 249 shares during the period. Sanctuary Advisors LLC’s holdings in Saia were worth $2,316,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of SAIA. Blue Trust Inc. lifted its stake in shares of Saia by 319.1% in the third quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock worth $135,000 after buying an additional 217 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Saia by 148.0% in the fourth quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock worth $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 third quarter worth $213,000. Apollon Wealth Management LLC acquired a new stake in shares of Saia in the fourth quarter worth $252,000. Finally, Venturi Wealth Management LLC lifted its stake in shares of Saia by 63.8% in the third quarter. Venturi Wealth Management LLC now owns 593 shares of the transportation company’s stock worth $259,000 after buying an additional 231 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Wells Fargo & Company dropped their target price on shares of Saia from $550.00 to $510.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Stephens reaffirmed an “overweight” rating and set a $600.00 target price on shares of Saia in a research report on Thursday, February 6th. Susquehanna boosted their target price on shares of Saia from $530.00 to $540.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Jefferies Financial Group boosted their target price on shares of Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Finally, Stifel Nicolaus boosted their target price on shares of Saia from $443.00 to $529.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Saia presently has an average rating of “Moderate Buy” and an average target price of $535.41.

Saia Trading Down 10.4 %

Shares of Saia stock opened at $406.65 on Friday. The company’s fifty day moving average price is $480.48 and its two-hundred day moving average price is $466.55. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. Saia, Inc. has a 52-week low of $358.90 and a 52-week high of $628.34. The firm has a market capitalization of $10.81 billion, a PE ratio of 30.10, a price-to-earnings-growth ratio of 2.24 and a beta of 1.79.

Saia (NASDAQ:SAIA) last posted its 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 return on equity of 16.63% and a net margin of 11.28%. The firm had revenue of $789.00 million during the quarter, compared to the consensus estimate of $794.69 million. During the same period in the previous year, the company posted $3.33 EPS. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, analysts expect that Saia, Inc. will post 15.46 EPS for the current year.

Insider Transactions at Saia

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