Highview Capital Management LLC DE Purchases Shares of 2,906 Saia, Inc. (NASDAQ:SAIA)

Highview Capital Management LLC DE purchased a new stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,906 shares of the transportation company's stock, valued at approximately $1,324,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Artemis Investment Management LLP grew its holdings in shares of Saia by 72.9% in the fourth quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company's stock worth $113,833,000 after purchasing an additional 105,356 shares during the last quarter. Stephens Investment Management Group LLC bought a new position in shares of Saia in the fourth quarter worth approximately $45,767,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Saia by 64.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company's stock worth $109,589,000 after purchasing an additional 98,383 shares during the last quarter. Wasatch Advisors LP grew its holdings in shares of Saia by 10.2% in the third quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company's stock worth $302,761,000 after purchasing an additional 64,351 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in shares of Saia in the third quarter worth approximately $22,979,000.

Insider Transactions at Saia

In related news, CEO Frederick J. Holzgrefe III sold 7,534 shares of Saia stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 17,645 shares in the company, valued at approximately $8,599,114.30. This trade represents a 29.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Matthew J. Batteh sold 700 shares of Saia stock in a transaction dated 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 sale, the chief financial officer now owns 3,326 shares of the company's stock, valued at $1,663,299.34. The trade was 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 valued at $4,646,181 in the last quarter. 0.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on SAIA shares. TD Cowen raised their target price on shares of Saia from $456.00 to $478.00 and gave the stock a "hold" rating in a report on Tuesday, February 4th. Stifel Nicolaus raised their target price on shares of Saia from $443.00 to $529.00 and gave the stock a "hold" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. dropped their price target on Saia from $566.00 to $558.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Stephens reaffirmed an "overweight" rating and issued a $600.00 price target on shares of Saia in a research note on Thursday, February 6th. Finally, BMO Capital Markets raised their price target on Saia from $465.00 to $495.00 and gave the stock a "market perform" rating in a research note on Monday, October 28th. One research 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. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $535.41.

Saia Stock Down 4.7 %

Shares of SAIA traded down $22.50 during trading hours on Thursday, hitting $453.90. The company had a trading volume of 365,778 shares, compared to its average volume of 371,905. The firm has a fifty day moving average price of $482.92 and a 200-day moving average price of $465.82. 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 stock has a market capitalization of $12.07 billion, a price-to-earnings ratio of 33.60, a P/E/G ratio of 2.49 and a beta of 1.79. Saia, Inc. has a 52-week low of $358.90 and a 52-week high of $628.34.

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

Saia Company 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.