Sheets Smith Wealth Management Has $1.06 Million Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

Sheets Smith Wealth Management trimmed its position in shares of Saia, Inc. (NASDAQ:SAIA) by 10.8% during the 4th quarter, HoldingsChannel reports. The fund owned 2,426 shares of the transportation company’s stock after selling 293 shares during the quarter. Sheets Smith Wealth Management’s holdings in Saia were worth $1,063,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the company. Contravisory Investment Management Inc. bought a new stake in Saia during the fourth quarter worth about $26,000. GAMMA Investing LLC bought a new stake in shares of Saia during the fourth quarter worth $43,000. National Bank of Canada FI acquired a new stake in shares of Saia in the fourth quarter valued at $44,000. NBC Securities Inc. acquired a new position in Saia during the 3rd quarter worth about $54,000. Finally, Benjamin F. Edwards & Company Inc. bought a new stake in Saia during the 4th quarter worth about $58,000.

Insider Buying and Selling at Saia

In other news, Director Richard D. Odell sold 10,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $536.75, for a total transaction of $5,367,500.00. Following the completion of the transaction, the director now owns 5,989 shares of the company’s stock, valued at approximately $3,214,595.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CFO Douglas L. Col sold 1,812 shares of the business’s stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $557.75, for a total value of $1,010,643.00. Following the sale, the chief financial officer now owns 5,623 shares of the company’s stock, valued at $3,136,228.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Richard D. Odell sold 10,000 shares of Saia stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $536.75, for a total value of $5,367,500.00. Following the transaction, the director now directly owns 5,989 shares in the company, valued at $3,214,595.75. The disclosure for this sale can be found here. Insiders sold 27,699 shares of company stock valued at $14,966,813 in the last quarter. Company insiders own 0.30% of the company’s stock.

Saia Stock Down 1.9 %

SAIA traded down $7.72 on Monday, hitting $392.36. 297,374 shares of the company were exchanged, compared to its average volume of 338,525. The company has a market cap of $10.43 billion, a PE ratio of 28.99, a PEG ratio of 1.26 and a beta of 1.71. Saia, Inc. has a 12 month low of $266.91 and a 12 month high of $628.34. The stock’s fifty day moving average is $554.03 and its 200-day moving average is $479.91. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.23 and a current ratio of 1.23.

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

Wall Street Analysts Forecast Growth

SAIA has been the topic of a number of research reports. TD Cowen reduced their target price on shares of Saia from $528.00 to $473.00 and set a “hold” rating on the stock in a research report on Monday, April 29th. The Goldman Sachs Group upped their price target on Saia from $504.00 to $567.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. BMO Capital Markets lowered their price objective on Saia from $575.00 to $490.00 and set a “market perform” rating for the company in a research report on Monday, April 29th. Wolfe Research downgraded shares of Saia from an “outperform” rating to a “peer perform” rating in a research report on Thursday, April 11th. Finally, Susquehanna lifted their price target on shares of Saia from $500.00 to $625.00 and gave the stock a “positive” rating in a research report on Thursday, February 8th. Two analysts have 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. Based on data from MarketBeat, Saia presently has an average rating of “Hold” and an average price target of $497.22.

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.