Guggenheim Capital LLC Sells 468 Shares of Saia, Inc. (NASDAQ:SAIA)

Guggenheim Capital LLC reduced its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 33.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 934 shares of the transportation company’s stock after selling 468 shares during the quarter. Guggenheim Capital LLC’s holdings in Saia were worth $426,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of SAIA. EverSource Wealth Advisors LLC lifted its position in shares of Saia by 3.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 744 shares of the transportation company’s stock worth $339,000 after purchasing an additional 26 shares during the last quarter. Arizona State Retirement System lifted its holdings in 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 buying an additional 29 shares in the last quarter. Avantax Advisory Services Inc. lifted 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 in the last quarter. UMB Bank n.a. boosted its position in Saia by 1.0% in the 4th quarter. UMB Bank n.a. now owns 3,707 shares of the transportation company’s stock valued at $1,689,000 after buying an additional 37 shares during the period. Finally, Avior Wealth Management LLC grew its stake in Saia by 3.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,171 shares of the transportation company’s stock worth $534,000 after acquiring an additional 37 shares in the last quarter.

Saia Price Performance

NASDAQ SAIA opened at $245.63 on Friday. The firm’s fifty day simple moving average is $362.99 and its two-hundred day simple moving average is $449.15. The firm has a market capitalization of $6.54 billion, a P/E ratio of 18.18, a P/E/G ratio of 2.24 and a beta of 1.99. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 12-month low of $229.21 and a 12-month high of $624.55.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share for the quarter, missing the consensus estimate of $2.77 by ($0.91). Saia had a return on equity of 16.63% and a net margin of 11.28%. The business had revenue of $787.58 million for the quarter, compared to analysts’ expectations of $806.18 million. During the same quarter last year, the firm earned $3.38 earnings per share. Analysts forecast that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Citigroup decreased their price target on shares of Saia from $498.00 to $435.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. Cowen reiterated a “hold” rating on shares of Saia in a report on Tuesday, February 4th. Stifel Nicolaus cut their price target on Saia from $524.00 to $480.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Wells Fargo & Company decreased their price objective on Saia from $510.00 to $400.00 and set an “equal weight” rating for the company in a report on Thursday, March 27th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Saia in a report on Friday, March 7th. They set a “buy” rating and a $570.00 target price on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $474.94.

Insider Activity

In other Saia news, EVP Patrick D. Sugar sold 799 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $493.74, for a total transaction of $394,498.26. Following the transaction, the executive vice president now owns 8,629 shares in the company, valued at approximately $4,260,482.46. This represents a 8.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $487.34, for a total transaction 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 represents a 29.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,493 shares of company stock worth $4,646,181 over the last 90 days. 0.30% of the stock is currently owned by corporate insiders.

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.