Highview Capital Management LLC DE bought a new position in Saia, Inc. (NASDAQ:SAIA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 2,906 shares of the transportation company's stock, valued at approximately $1,324,000.
Other hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in Saia by 319.1% in the third quarter. Blue Trust Inc. now owns 285 shares of the transportation company's stock valued at $135,000 after acquiring an additional 217 shares during the last quarter. GAMMA Investing LLC increased its holdings in Saia by 148.0% in the 4th quarter. GAMMA Investing LLC now owns 367 shares of the transportation company's stock worth $167,000 after acquiring an additional 219 shares during the last quarter. Rehmann Capital Advisory Group purchased a new stake in Saia during the third quarter valued at about $213,000. Apollon Wealth Management LLC bought a new stake in Saia during the 4th quarter valued at $252,000. Finally, Venturi Wealth Management LLC lifted its stake in Saia by 63.8% in the 3rd quarter. Venturi Wealth Management LLC now owns 593 shares of the transportation company's stock worth $259,000 after purchasing an additional 231 shares in the last quarter.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the company. Citigroup decreased their price objective on Saia from $561.00 to $544.00 and set a "buy" rating on the stock in a report on Tuesday, February 4th. JPMorgan Chase & Co. decreased their target price on shares of Saia from $566.00 to $558.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Susquehanna lifted their target price on shares of Saia from $530.00 to $540.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Wells Fargo & Company decreased their price target on Saia from $550.00 to $510.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 4th. Finally, Stifel Nicolaus lifted their target price on shares of Saia from $443.00 to $529.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, Saia currently has an average rating of "Moderate Buy" and a consensus target price of $535.41.
Get Our Latest Analysis on SAIA
Insider Activity
In other news, EVP Patrick D. Sugar sold 799 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $493.74, for a total transaction of $394,498.26. Following the sale, the executive vice president now directly owns 8,629 shares of the company's stock, valued at $4,260,482.46. This represents a 8.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 sale, the chief executive officer now directly owns 17,645 shares in the company, valued at approximately $8,599,114.30. The trade was a 29.92 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.30% of the company's stock.
Saia Stock Performance
Shares of SAIA stock traded down $10.11 during trading hours on Thursday, reaching $466.29. 23,170 shares of the company traded hands, compared to its average volume of 361,178. 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 12-month low of $358.90 and a 12-month high of $628.34. The company has a market cap of $12.40 billion, a P/E ratio of 34.50, a P/E/G ratio of 2.49 and a beta of 1.79. The firm has a 50-day moving average price of $484.32 and a 200 day moving average price of $465.90.
Saia (NASDAQ:SAIA - Get Free Report) last released its earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share 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 for the quarter, compared to analysts' expectations of $794.69 million. During the same quarter last year, the firm posted $3.33 EPS. The firm's quarterly revenue was up 5.0% compared to the same quarter last year. As a group, sell-side analysts predict that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.
About Saia
(
Free Report)
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.
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