Vestmark Advisory Solutions Inc. Has $4.13 Million Position in Saia, Inc. (NASDAQ:SAIA)

Vestmark Advisory Solutions Inc. increased its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 3.7% during the fourth quarter, Holdings Channel reports. The fund owned 9,069 shares of the transportation company’s stock after acquiring an additional 323 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Saia were worth $4,133,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Kestra Investment Management LLC acquired a new position in shares of Saia during the 4th quarter worth approximately $25,000. Jones Financial Companies Lllp increased its holdings in shares of Saia by 47.8% during the 4th quarter. Jones Financial Companies Lllp now owns 201 shares of the transportation company’s stock worth $92,000 after acquiring an additional 65 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new position in shares of Saia during the 4th quarter worth approximately $154,000. GAMMA Investing LLC boosted its stake in Saia by 148.0% in the 4th quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock valued at $167,000 after purchasing an additional 219 shares during the period. Finally, World Equity Group Inc. bought a new stake in Saia in the 4th quarter valued at $201,000.

Insider Buying and Selling

In related news, CAO Kelly W. Benton sold 460 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total transaction of $230,000.00. Following the completion of the sale, the chief accounting officer now directly owns 4,287 shares in the company, valued at $2,143,500. This represents a 9.69 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Matthew J. Batteh sold 700 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total value of $350,063.00. Following the sale, the chief financial officer now owns 3,326 shares of the company’s stock, valued at approximately $1,663,299.34. This represents a 17.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,493 shares of company stock worth $4,646,181 in the last ninety days. 0.30% of the stock is owned by insiders.

Saia Price Performance

Shares of SAIA stock opened at $382.61 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. Saia, Inc. has a twelve month low of $358.90 and a twelve month high of $624.55. The company has a market cap of $10.19 billion, a P/E ratio of 28.32, a P/E/G ratio of 2.24 and a beta of 1.79. The business has a fifty day simple moving average of $465.68 and a 200 day simple moving average of $467.89.

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 the consensus estimate 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 for the quarter, compared to the consensus estimate of $794.69 million. During the same quarter in the prior year, the company earned $3.33 earnings per share. Saia’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, sell-side analysts forecast that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SAIA. Jefferies Financial Group boosted their price target on Saia from $525.00 to $560.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Barclays reduced their price target on Saia from $620.00 to $600.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. TD Cowen boosted their price target on Saia from $456.00 to $478.00 and gave the company a “hold” rating in a research note on Tuesday, February 4th. Susquehanna boosted their price target on Saia from $530.00 to $540.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Finally, Stephens restated an “overweight” rating and issued a $600.00 price target on shares of Saia in a research note on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, Saia has a consensus rating of “Moderate Buy” and an average target price of $527.65.

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.