Farther Finance Advisors LLC Sells 29 Shares of Saia, Inc. (NASDAQ:SAIA)

Farther Finance Advisors LLC decreased its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 6.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 447 shares of the transportation company’s stock after selling 29 shares during the quarter. Farther Finance Advisors LLC’s holdings in Saia were worth $204,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SAIA. Artemis Investment Management LLP raised its stake in Saia by 72.9% during the fourth quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company’s stock valued at $113,833,000 after buying an additional 105,356 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Saia during the fourth quarter valued at $46,514,000. Stephens Investment Management Group LLC purchased a new position in Saia during the fourth quarter valued at $45,767,000. Wasatch Advisors LP raised its stake in Saia by 10.2% during the third quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company’s stock valued at $302,761,000 after buying an additional 64,351 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in Saia during the third quarter valued at $22,979,000.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Jefferies Financial Group lifted their price objective on Saia from $525.00 to $560.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Wells Fargo & Company decreased their price target on Saia from $550.00 to $510.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. The Goldman Sachs Group boosted their price target on Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Stephens restated an “overweight” rating and issued a $600.00 price target on shares of Saia in a research note on Thursday, February 6th. Finally, Cowen restated a “hold” rating on shares of Saia in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $526.39.

Saia Stock Performance

NASDAQ:SAIA opened at $350.65 on Thursday. The stock has a 50-day simple moving average of $445.90 and a two-hundred day simple moving average of $466.25. Saia, Inc. has a 52-week low of $343.61 and a 52-week high of $624.55. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. The firm has a market capitalization of $9.34 billion, a PE ratio of 25.95, a P/E/G ratio of 2.24 and a beta of 1.89.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.87 by ($0.03). Saia had a net margin of 11.28% and a return on equity of 16.63%. The company had revenue of $789.00 million for the quarter, compared to the consensus estimate of $794.69 million. During the same period in the prior year, the firm posted $3.33 EPS. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. Analysts forecast that Saia, Inc. will post 15.46 EPS for the current year.

Insider Buying and Selling at Saia

In other news, EVP Patrick D. Sugar sold 799 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $493.74, for a total value of $394,498.26. Following the completion of the transaction, the executive vice president now owns 8,629 shares of the company’s stock, valued at $4,260,482.46. This represents a 8.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $487.34, for a total value of $3,671,619.56. Following the completion of the transaction, the chief executive officer now directly owns 17,645 shares of the company’s stock, valued at approximately $8,599,114.30. This trade represents a 29.92 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,493 shares of company stock valued at $4,646,181. Company insiders own 0.30% of the company’s stock.

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.