Everpar Advisors LLC Sells 242 Shares of Saia, Inc. (NASDAQ:SAIA)

Everpar Advisors LLC lessened its stake in Saia, Inc. (NASDAQ:SAIA) by 20.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 956 shares of the transportation company’s stock after selling 242 shares during the quarter. Everpar Advisors LLC’s holdings in Saia were worth $436,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SAIA. CIBC Asset Management Inc boosted its stake in Saia by 3.5% in the third quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company’s stock valued at $337,000 after acquiring an additional 26 shares during the last quarter. Legacy Wealth Asset Management LLC raised its holdings in shares of Saia by 4.1% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company’s stock worth $337,000 after purchasing an additional 30 shares during the period. Cim LLC raised its holdings in shares of Saia by 7.6% in the 2nd quarter. Cim LLC now owns 594 shares of the transportation company’s stock worth $282,000 after purchasing an additional 42 shares during the period. Janney Montgomery Scott LLC grew its holdings in Saia by 0.4% during the third quarter. Janney Montgomery Scott LLC now owns 15,397 shares of the transportation company’s stock valued at $6,732,000 after purchasing an additional 59 shares during the period. Finally, Avior Wealth Management LLC grew its holdings in Saia by 6.0% during the third quarter. Avior Wealth Management LLC now owns 1,134 shares of the transportation company’s stock valued at $496,000 after purchasing an additional 64 shares during the period.

Insider Activity

In other news, EVP Rohit Lal sold 1,120 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total value of $627,200.00. Following the completion of the sale, the executive vice president now directly owns 8,270 shares in the company, valued at approximately $4,631,200. The trade was a 11.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.30% of the company’s stock.

Saia Stock Performance

NASDAQ:SAIA opened at $493.04 on Friday. The stock has a market cap of $13.11 billion, a P/E ratio of 35.22, a PEG ratio of 2.12 and a beta of 1.79. 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 business’s 50-day moving average price is $508.13 and its two-hundred day moving average price is $459.77. Saia, Inc. has a twelve month low of $358.90 and a twelve month high of $628.34.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The company had revenue of $842.10 million during the quarter, compared to analysts’ expectations of $839.82 million. During the same period in the prior year, the business earned $3.67 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities analysts predict that Saia, Inc. will post 13.49 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SAIA. The Goldman Sachs Group upped their price target on Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Wolfe Research upgraded shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 target price for the company in a research report on Wednesday, October 9th. Stephens lifted 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. Stifel Nicolaus upped their price target on shares of Saia from $440.00 to $443.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, Barclays lifted their price objective on shares of Saia from $515.00 to $620.00 and gave the company an “overweight” rating in a research note on Wednesday, November 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $523.76.

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.