XTX Topco Ltd Purchases New Shares in Saia, Inc. (NASDAQ:SAIA)

XTX Topco Ltd purchased a new position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 823 shares of the transportation company's stock, valued at approximately $375,000.

Several other large investors also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its position in Saia by 3.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 744 shares of the transportation company's stock worth $339,000 after purchasing an additional 26 shares during the period. Arizona State Retirement System lifted its stake in shares of Saia by 0.4% during the 4th quarter. Arizona State Retirement System now owns 7,685 shares of the transportation company's stock valued at $3,502,000 after buying an additional 29 shares in the last quarter. Avantax Advisory Services Inc. boosted its holdings in Saia by 4.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 678 shares of the transportation company's stock worth $309,000 after buying an additional 30 shares during the period. UMB Bank n.a. boosted its holdings in 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 during the period. Finally, Avior Wealth Management LLC grew its stake in Saia by 3.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,171 shares of the transportation company's stock valued at $534,000 after buying an additional 37 shares in the last quarter.

Analyst Ratings Changes

A number of equities analysts have recently commented on SAIA shares. Stifel Nicolaus cut their price target on Saia from $524.00 to $480.00 and set a "buy" rating for the company in a report on Monday, April 14th. Bank of America cut their target price on Saia from $565.00 to $484.00 and set a "buy" rating for the company in a research note on Wednesday, March 5th. JPMorgan Chase & Co. decreased their price target on Saia from $566.00 to $558.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Raymond James cut their price objective on shares of Saia from $540.00 to $455.00 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Finally, UBS Group decreased their target price on shares of Saia from $557.00 to $422.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $474.94.

Saia Trading Down 30.7 %

Shares of SAIA traded down $108.59 during mid-day trading on Friday, reaching $245.63. The company's stock had a trading volume of 4,566,559 shares, compared to its average volume of 473,476. 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 52 week low of $229.21 and a 52 week high of $624.55. The company's fifty day moving average price is $362.99 and its two-hundred day moving average price is $449.14. The stock has a market cap of $6.54 billion, a PE ratio of 18.18, a P/E/G ratio of 2.24 and a beta of 1.99.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share for the quarter, missing the consensus estimate of $2.77 by ($0.91). Saia had a return on equity of 16.63% and a net margin of 11.28%. The business had revenue of $787.58 million during the quarter, compared to the consensus estimate of $806.18 million. During the same period in the prior year, the firm earned $3.38 earnings per share. On average, analysts predict that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Insider Activity at Saia

In other Saia news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the 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 completion of the sale, the chief executive officer now owns 17,645 shares of the company's stock, valued at $8,599,114.30. This represents a 29.92 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Kelly W. Benton sold 460 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total transaction of $230,000.00. Following the completion of the sale, the chief accounting officer now directly owns 4,287 shares in the company, valued at approximately $2,143,500. This trade represents a 9.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,493 shares of company stock worth $4,646,181 in the last ninety days. 0.30% of the stock is owned by company insiders.

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.