554 Shares in Saia, Inc. (NASDAQ:SAIA) Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC bought a new position in Saia, Inc. (NASDAQ:SAIA - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 554 shares of the transportation company's stock, valued at approximately $252,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in shares of Saia by 319.1% during the third quarter. Blue Trust Inc. now owns 285 shares of the transportation company's stock worth $135,000 after purchasing an additional 217 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Saia by 148.0% during the fourth quarter. GAMMA Investing LLC now owns 367 shares of the transportation company's stock worth $167,000 after purchasing an additional 219 shares during the period. Rehmann Capital Advisory Group acquired a new stake in shares of Saia during the third quarter worth approximately $213,000. Venturi Wealth Management LLC boosted its holdings in shares of Saia by 63.8% during the third quarter. Venturi Wealth Management LLC now owns 593 shares of the transportation company's stock worth $259,000 after purchasing an additional 231 shares during the period. Finally, Greenleaf Trust boosted its holdings in shares of Saia by 6.4% during the fourth quarter. Greenleaf Trust now owns 613 shares of the transportation company's stock worth $279,000 after purchasing an additional 37 shares during the period.

Analyst Ratings Changes

Several analysts recently commented on SAIA shares. Jefferies Financial Group raised their price target on shares of Saia from $525.00 to $560.00 and gave the stock a "buy" rating in a report on Friday, January 10th. JPMorgan Chase & Co. decreased their price target on shares of Saia from $566.00 to $558.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Wells Fargo & Company decreased their price target on shares of Saia from $550.00 to $510.00 and set an "equal weight" rating for the company in a report on Tuesday, February 4th. Stifel Nicolaus lifted their target price on shares of Saia from $443.00 to $529.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. Finally, Stephens reiterated an "overweight" rating and issued a $600.00 target price on shares of Saia in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $535.41.

Saia Stock Performance

SAIA traded up $15.54 during trading on Tuesday, reaching $503.07. 50,441 shares of the company's stock were exchanged, compared to its average volume of 363,085. Saia, Inc. has a fifty-two week low of $358.90 and a fifty-two week high of $628.34. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. The business has a 50 day moving average price of $485.59 and a 200 day moving average price of $464.97. The company has a market capitalization of $13.38 billion, a P/E ratio of 37.26, a PEG ratio of 2.51 and a beta of 1.79.

Saia (NASDAQ:SAIA - Get Free Report) last issued its earnings results on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $794.69 million. During the same quarter in the prior year, the firm posted $3.33 EPS. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. As a group, analysts predict that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Rohit Lal sold 1,120 shares of the business's stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total value of $627,200.00. Following the sale, the executive vice president now owns 8,270 shares in the company, valued at approximately $4,631,200. The trade was a 11.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the company's stock in a transaction dated 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 transaction, the chief executive officer now 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 9,453 shares of company stock worth $4,693,318. Corporate insiders own 0.30% of the company's stock.

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.