Proficio Capital Partners LLC Acquires Shares of 34,180 Saia, Inc. (NASDAQ:SAIA)

Proficio Capital Partners LLC bought a new position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 34,180 shares of the transportation company's stock, valued at approximately $15,577,000. Proficio Capital Partners LLC owned approximately 0.13% of Saia at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SAIA. CIBC Asset Management Inc raised its holdings 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 in the last quarter. UMB Bank n.a. raised its holdings in Saia by 1.0% in the fourth quarter. UMB Bank n.a. now owns 3,707 shares of the transportation company's stock valued at $1,689,000 after acquiring an additional 37 shares in the last quarter. Avior Wealth Management LLC raised its holdings in Saia by 3.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,171 shares of the transportation company's stock valued at $534,000 after acquiring an additional 37 shares in the last quarter. Greenleaf Trust raised its holdings in Saia by 6.4% in the fourth quarter. Greenleaf Trust now owns 613 shares of the transportation company's stock valued at $279,000 after acquiring an additional 37 shares in the last quarter. Finally, Mutual Advisors LLC raised its holdings in Saia by 5.0% in the fourth quarter. Mutual Advisors LLC now owns 805 shares of the transportation company's stock valued at $397,000 after acquiring an additional 38 shares in the last quarter.

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Insider Activity at Saia

In other Saia news, CFO Matthew J. Batteh sold 700 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were 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 directly owns 3,326 shares of the company's stock, valued at approximately $1,663,299.34. This represents a 17.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the company's stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 17,645 shares of the company's stock, valued at $8,599,114.30. The trade was a 29.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,493 shares of company stock worth $4,646,181 in the last 90 days. Corporate insiders own 0.30% of the company's stock.

Saia Price Performance

SAIA traded down $9.41 on Tuesday, reaching $349.29. The company had a trading volume of 376,346 shares, compared to its average volume of 411,126. The company has a fifty day moving average of $450.03 and a 200-day moving average of $467.25. The company has a market capitalization of $9.30 billion, a P/E ratio of 25.85, a PEG ratio of 2.24 and a beta of 1.89. 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 one year low of $345.62 and a one year high of $624.55.

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SAIA. Bank of America lowered their target price on shares of Saia from $565.00 to $484.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. TD Cowen boosted their target price on shares of Saia from $456.00 to $478.00 and gave the company a "hold" rating in a research note on Tuesday, February 4th. Stifel Nicolaus upgraded shares of Saia from a "hold" rating to a "buy" rating and set a $524.00 target price for the company in a research note on Monday, February 24th. Raymond James lowered their target price on shares of Saia from $560.00 to $540.00 and set an "outperform" rating for the company in a research note on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Saia in a research note on Friday, March 7th. They set a "buy" rating and a $570.00 target price for the company. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat, Saia currently has an average rating of "Moderate Buy" and an average price target of $526.39.

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.