Saia, Inc. (NASDAQ:SAIA) Stake Boosted by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. increased its position in shares of Saia, Inc. (NASDAQ:SAIA) by 9.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,407 shares of the transportation company’s stock after acquiring an additional 629 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Saia were worth $3,246,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Commonwealth Equity Services LLC raised its holdings in shares of Saia by 1.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,549 shares of the transportation company’s stock valued at $618,000 after purchasing an additional 29 shares in the last quarter. Raymond James & Associates lifted its holdings in Saia by 0.7% in the 3rd quarter. Raymond James & Associates now owns 92,450 shares of the transportation company’s stock worth $36,855,000 after purchasing an additional 653 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in Saia by 331.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 3,817 shares of the transportation company’s stock worth $1,522,000 after purchasing an additional 2,932 shares during the period. New York State Teachers Retirement System grew its holdings in Saia by 3.9% during the third quarter. New York State Teachers Retirement System now owns 24,175 shares of the transportation company’s stock valued at $9,637,000 after purchasing an additional 900 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Saia by 16.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,216 shares of the transportation company’s stock valued at $2,079,000 after purchasing an additional 728 shares during the period.

Analyst Ratings Changes

SAIA has been the topic of several research analyst reports. Bank of America lowered their price target on Saia from $645.00 to $484.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. JPMorgan Chase & Co. dropped their price objective on shares of Saia from $676.00 to $580.00 and set an “overweight” rating on the stock in a report on Monday, April 29th. Benchmark lifted their target price on Saia from $575.00 to $625.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. Wolfe Research downgraded Saia from an “outperform” rating to a “peer perform” rating in a research report on Thursday, April 11th. Finally, UBS Group dropped their price objective on shares of Saia from $618.00 to $541.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $497.22.

Insider Transactions at Saia

In other Saia news, Director Donna E. Epps sold 400 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $565.14, for a total transaction of $226,056.00. Following the completion of the transaction, the director now owns 1,583 shares in the company, valued at approximately $894,616.62. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Donna E. Epps sold 400 shares of Saia stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $565.14, for a total value of $226,056.00. Following the sale, the director now directly owns 1,583 shares in the company, valued at $894,616.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Douglas L. Col sold 1,743 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $536.92, for a total transaction of $935,851.56. Following the transaction, the chief financial officer now owns 6,854 shares of the company’s stock, valued at approximately $3,680,049.68. The disclosure for this sale can be found here. Insiders sold 27,699 shares of company stock valued at $14,966,813 over the last quarter. Corporate insiders own 0.30% of the company’s stock.

Saia Trading Down 1.4 %

Shares of Saia stock traded down $5.87 during trading on Friday, hitting $400.08. 631,703 shares of the company were exchanged, compared to its average volume of 507,949. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.23 and a quick ratio of 2.01. The firm has a market capitalization of $10.64 billion, a P/E ratio of 28.99, a price-to-earnings-growth ratio of 1.28 and a beta of 1.71. The firm’s fifty day moving average price is $554.03 and its 200 day moving average price is $478.81. Saia, Inc. has a 1-year low of $266.91 and a 1-year high of $628.34.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.43 by ($0.05). The firm had revenue of $754.80 million during the quarter, compared to analyst estimates of $772.36 million. Saia had a net margin of 12.42% and a return on equity of 19.53%. Saia’s quarterly revenue was up 14.3% on a year-over-year basis. During the same period last year, the firm earned $2.85 EPS. As a group, sell-side analysts expect that Saia, Inc. will post 15.38 earnings per share for the current fiscal year.

Saia Company 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.