Maryland State Retirement & Pension System Sells 99 Shares of Saia, Inc. (NASDAQ:SAIA)

Maryland State Retirement & Pension System trimmed its position in shares of Saia, Inc. (NASDAQ:SAIA) by 6.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,414 shares of the transportation company’s stock after selling 99 shares during the period. Maryland State Retirement & Pension System’s holdings in Saia were worth $644,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of SAIA. EverSource Wealth Advisors LLC grew its stake in shares of Saia by 3.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 744 shares of the transportation company’s stock worth $339,000 after acquiring an additional 26 shares during the period. Arizona State Retirement System boosted its position in Saia by 0.4% during the fourth quarter. Arizona State Retirement System now owns 7,685 shares of the transportation company’s stock worth $3,502,000 after purchasing an additional 29 shares during the period. Avantax Advisory Services Inc. increased its stake in shares of Saia by 4.6% in the fourth quarter. Avantax Advisory Services Inc. now owns 678 shares of the transportation company’s stock worth $309,000 after purchasing an additional 30 shares in the last quarter. UMB Bank n.a. raised its position in shares of Saia by 1.0% in the fourth quarter. UMB Bank n.a. now owns 3,707 shares of the transportation company’s stock valued at $1,689,000 after purchasing an additional 37 shares during the period. Finally, Avior Wealth Management LLC lifted its stake in shares of Saia by 3.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,171 shares of the transportation company’s stock valued at $534,000 after buying an additional 37 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts recently weighed in on SAIA shares. Bank of America reduced their price objective on shares of Saia from $565.00 to $484.00 and set a “buy” rating for the company in a research note on Wednesday, March 5th. Stephens reiterated an “overweight” rating and set a $600.00 price objective on shares of Saia in a research note on Thursday, February 6th. TD Cowen increased their price objective on Saia from $456.00 to $478.00 and gave the stock a “hold” rating in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft initiated coverage on Saia in a report on Friday, March 7th. They set a “buy” rating and a $570.00 target price for the company. Finally, Stifel Nicolaus raised shares of Saia from a “hold” rating to a “buy” rating and set a $524.00 price target on the stock in a report on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $526.39.

Saia Stock Performance

NASDAQ:SAIA opened at $381.49 on Tuesday. The company has a market capitalization of $10.16 billion, a price-to-earnings ratio of 28.24, a PEG ratio of 2.24 and a beta of 1.89. The business has a 50 day moving average of $440.60 and a 200 day moving average of $466.18. 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 1-year low of $342.68 and a 1-year high of $624.55.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). Saia had a return on equity of 16.63% and a net margin of 11.28%. The business had revenue of $789.00 million during the quarter, compared to the consensus estimate of $794.69 million. During the same quarter in the previous year, the firm posted $3.33 earnings per share. The company’s revenue was up 5.0% compared to the same quarter last year. On average, sell-side analysts predict that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Patrick D. Sugar sold 799 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $493.74, for a total value of $394,498.26. Following the transaction, the executive vice president now owns 8,629 shares in the company, valued at approximately $4,260,482.46. This trade represents a 8.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Kelly W. Benton sold 460 shares of the company’s 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 sale, the chief accounting officer now owns 4,287 shares of the company’s stock, valued at $2,143,500. This represents a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,493 shares of company stock valued at $4,646,181. 0.30% of the stock is currently owned by insiders.

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.