Atwood & Palmer Inc. Sells 175 Shares of Saia, Inc. (NASDAQ:SAIA)

Atwood & Palmer Inc. trimmed its position in shares of Saia, Inc. (NASDAQ:SAIA) by 11.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,325 shares of the transportation company’s stock after selling 175 shares during the quarter. Atwood & Palmer Inc.’s holdings in Saia were worth $604,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in SAIA. Paladin Wealth LLC acquired a new position in Saia in the third quarter valued at about $40,000. Quarry LP bought a new stake in Saia during the 2nd quarter worth approximately $41,000. Tobam acquired a new stake in Saia during the 3rd quarter worth approximately $100,000. Blue Trust Inc. lifted its stake in Saia by 319.1% in the third quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock valued at $135,000 after buying an additional 217 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Saia by 148.0% during the fourth quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock worth $167,000 after acquiring an additional 219 shares in the last quarter.

Analysts Set New Price Targets

SAIA has been the subject of a number of research analyst reports. Stephens upped their target price on shares of Saia from $481.00 to $515.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Barclays dropped their target price on Saia from $620.00 to $600.00 and set an “overweight” rating on the stock in a research report on Friday. Wolfe Research raised shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price target for the company in a research note on Wednesday, October 9th. Jefferies Financial Group boosted their price objective 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, The Goldman Sachs Group lifted their price target on shares of Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $522.59.

Insider Activity at Saia

In other Saia news, EVP Rohit Lal sold 1,120 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total transaction of $627,200.00. Following the transaction, the executive vice president now owns 8,270 shares in the company, valued at $4,631,200. This trade represents a 11.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.30% of the stock is currently owned by corporate insiders.

Saia Trading Down 1.2 %

Shares of SAIA stock opened at $486.89 on Tuesday. Saia, Inc. has a 12-month low of $358.90 and a 12-month high of $628.34. The firm has a 50 day moving average price of $505.54 and a two-hundred day moving average price of $459.87. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $12.95 billion, a PE ratio of 34.78, a price-to-earnings-growth ratio of 2.34 and a beta of 1.79.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.53 by ($0.07). The firm had revenue of $842.10 million during the quarter, compared to the consensus estimate of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $3.67 earnings per share. As a group, analysts predict that Saia, Inc. will post 13.47 earnings per share for the current year.

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.