Aviva PLC decreased its position in Saia, Inc. (NASDAQ:SAIA – Get Rating) by 44.3% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,371 shares of the transportation company’s stock after selling 3,473 shares during the period. Aviva PLC’s holdings in Saia were worth $917,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Goldman Sachs Group Inc. lifted its position in shares of Saia by 49.6% in the first quarter. Goldman Sachs Group Inc. now owns 712,195 shares of the transportation company’s stock valued at $173,648,000 after acquiring an additional 236,105 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of Saia by 100.9% in the third quarter. Macquarie Group Ltd. now owns 323,604 shares of the transportation company’s stock valued at $61,550,000 after acquiring an additional 162,558 shares in the last quarter. Capital International Investors lifted its position in shares of Saia by 10.2% in the first quarter. Capital International Investors now owns 1,583,500 shares of the transportation company’s stock valued at $386,089,000 after acquiring an additional 146,262 shares in the last quarter. BlackRock Inc. lifted its position in shares of Saia by 3.0% in the third quarter. BlackRock Inc. now owns 3,156,182 shares of the transportation company’s stock valued at $599,674,000 after acquiring an additional 92,688 shares in the last quarter. Finally, Premier Fund Managers Ltd purchased a new stake in shares of Saia in the fourth quarter valued at $872,000.
Saia Stock Performance
Saia stock opened at $277.72 on Monday. The stock’s 50-day moving average is $274.48 and its 200-day moving average is $257.18. The company has a market cap of $7.37 billion, a price-to-earnings ratio of 20.93, a price-to-earnings-growth ratio of 3.41 and a beta of 1.51. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.90 and a quick ratio of 1.90. Saia, Inc. has a 12 month low of $168.03 and a 12 month high of $306.40.
Saia (NASDAQ:SAIA – Get Rating) last released its quarterly earnings data on Friday, April 28th. The transportation company reported $2.85 EPS for the quarter, topping analysts’ consensus estimates of $2.68 by $0.17. Saia had a return on equity of 23.07% and a net margin of 12.69%. The company had revenue of $660.50 million for the quarter, compared to the consensus estimate of $667.28 million. During the same period last year, the business posted $2.98 EPS. The company’s quarterly revenue was down .1% compared to the same quarter last year. Equities analysts anticipate that Saia, Inc. will post 12.27 earnings per share for the current year.
Insider Activity
In other news, Director Donna E. Epps sold 240 shares of the stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $280.85, for a total value of $67,404.00. Following the completion of the sale, the director now owns 1,983 shares in the company, valued at $556,925.55. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Richard D. Odell sold 2,500 shares of the stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $293.90, for a total value of $734,750.00. Following the completion of the sale, the director now owns 5,989 shares in the company, valued at $1,760,167.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Donna E. Epps sold 240 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $280.85, for a total value of $67,404.00. Following the sale, the director now owns 1,983 shares of the company’s stock, valued at approximately $556,925.55. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,953 shares of company stock worth $1,450,996. 0.50% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Several brokerages have recently issued reports on SAIA. Susquehanna reduced their price objective on Saia from $280.00 to $265.00 and set a “neutral” rating on the stock in a research report on Monday, April 10th. StockNews.com began coverage on Saia in a research report on Thursday. They issued a “sell” rating on the stock. Cowen upped their price objective on Saia from $229.00 to $283.00 and gave the company a “market perform” rating in a research report on Monday, February 6th. 92 Resources reiterated a “maintains” rating on shares of Saia in a research report on Monday, May 1st. Finally, Citigroup increased their target price on Saia from $232.00 to $294.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 7th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $294.94.
About Saia
Saia, Inc operates as a transportation holding company. The firm through its wholly-owned subsidiaries provides regional and interregional less-than-truckload (LTL) services through a single integrated organization. The firm also offers other value-added services, including non-asset truckload, expedited and logistics services across North America.