Cynosure Group LLC Decreases Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

Cynosure Group LLC reduced its holdings in Saia, Inc. (NASDAQ:SAIA) by 24.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,248 shares of the transportation company’s stock after selling 411 shares during the period. Cynosure Group LLC’s holdings in Saia were worth $569,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other Saia news, CFO Matthew J. Batteh sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total transaction of $350,063.00. Following the completion of the transaction, the chief financial officer now directly owns 3,326 shares of the company’s stock, valued at approximately $1,663,299.34. This trade represents a 17.39 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the completion of the sale, the chief executive officer now directly owns 17,645 shares in the company, valued at $8,599,114.30. This trade represents a 29.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,493 shares of company stock worth $4,646,181 in the last 90 days. Insiders own 0.30% of the company’s stock.

Saia Stock Up 1.5 %

Shares of SAIA stock opened at $354.77 on Wednesday. The stock’s fifty day moving average price is $425.94 and its 200 day moving average price is $464.01. 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. The company has a market cap of $9.45 billion, a price-to-earnings ratio of 26.26, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data 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). The company had revenue of $789.00 million for the quarter, compared to analyst estimates of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the company earned $3.33 EPS. On average, research analysts expect that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SAIA. Stephens reiterated an “overweight” rating and set a $600.00 price target on shares of Saia in a report on Thursday, February 6th. Cowen reaffirmed a “hold” rating on shares of Saia in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft assumed coverage on Saia in a research note on Friday, March 7th. They set a “buy” rating and a $570.00 price target for the company. Barclays cut their price objective on Saia from $600.00 to $535.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. Finally, Raymond James decreased their target price on Saia from $560.00 to $540.00 and set an “outperform” rating for the company in a research report 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’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $513.06.

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.