Value Star Asset Management Hong Kong Ltd Makes New Investment in Saia, Inc. (NASDAQ:SAIA)

Value Star Asset Management Hong Kong Ltd purchased a new stake in Saia, Inc. (NASDAQ:SAIA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,500 shares of the transportation company's stock, valued at approximately $1,139,000. Saia makes up about 3.9% of Value Star Asset Management Hong Kong Ltd's portfolio, making the stock its 9th largest position.

Several other large investors have also recently added to or reduced their stakes in SAIA. CIBC Asset Management Inc raised its holdings in shares of Saia by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company's stock worth $337,000 after buying an additional 26 shares in the last quarter. Arizona State Retirement System raised its holdings in shares of Saia by 0.4% in the 4th quarter. Arizona State Retirement System now owns 7,685 shares of the transportation company's stock worth $3,502,000 after buying an additional 29 shares in the last quarter. UMB Bank n.a. raised its holdings in shares of Saia by 1.0% in the 4th 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 in the last quarter. Avior Wealth Management LLC raised its holdings in shares of 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 buying an additional 37 shares in the last quarter. Finally, Greenleaf Trust raised its holdings in shares of Saia by 6.4% in the 4th quarter. Greenleaf Trust now owns 613 shares of the transportation company's stock worth $279,000 after buying an additional 37 shares in the last quarter.

Remove Ads

Insider Transactions at Saia

In other news, 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 value of $3,671,619.56. Following the transaction, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Matthew J. Batteh sold 700 shares of the firm'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 completion of the transaction, the chief financial officer now owns 3,326 shares in the company, valued at $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 have sold 9,493 shares of company stock worth $4,646,181 in the last three months. Insiders own 0.30% of the company's stock.

Saia Trading Down 1.7 %

SAIA traded down $6.69 during mid-day trading on Friday, reaching $375.92. The stock had a trading volume of 458,604 shares, compared to its average volume of 402,979. The stock has a market capitalization of $10.01 billion, a P/E ratio of 27.83, a P/E/G ratio of 2.24 and a beta of 1.89. 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's fifty day simple moving average is $461.82 and its two-hundred day simple moving average is $467.20. Saia, Inc. has a 52 week low of $358.90 and a 52 week high of $624.55.

Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing analysts' consensus estimates of $2.87 by ($0.03). Saia had a net margin of 11.28% and a return on equity of 16.63%. The firm had revenue of $789.00 million during the quarter, compared to the consensus estimate of $794.69 million. During the same quarter in the previous year, the business posted $3.33 earnings per share. The firm's quarterly revenue was up 5.0% on a year-over-year basis. On average, equities analysts predict that Saia, Inc. will post 15.46 EPS for the current year.

Analysts Set New Price Targets

SAIA has been the subject of a number of recent research reports. Stifel Nicolaus raised Saia from a "hold" rating to a "buy" rating and set a $524.00 target price for the company in a report on Monday, February 24th. Bank of America dropped their target price on Saia from $565.00 to $484.00 and set a "buy" rating for the company in a report on Wednesday. Wells Fargo & Company dropped their target price on Saia from $550.00 to $510.00 and set an "equal weight" rating for the company in a report on Tuesday, February 4th. Susquehanna raised their price target on Saia from $530.00 to $540.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Finally, TD Cowen raised their price target on Saia from $456.00 to $478.00 and gave the company a "hold" rating in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat.com, Saia currently has a consensus rating of "Moderate Buy" and a consensus price target of $530.00.

Saia 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.