Impact Capital Partners LLC Purchases New Holdings in Saia, Inc. (NASDAQ:SAIA)

Impact Capital Partners LLC bought a new stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 1,150 shares of the transportation company's stock, valued at approximately $524,000.

Several other large investors have also recently made changes to their positions in the business. Swiss National Bank increased its position in shares of Saia by 0.6% during the fourth quarter. Swiss National Bank now owns 52,300 shares of the transportation company's stock valued at $23,835,000 after acquiring an additional 300 shares in the last quarter. Avantax Advisory Services Inc. increased its position in shares of Saia by 4.6% during the fourth quarter. Avantax Advisory Services Inc. now owns 678 shares of the transportation company's stock valued at $309,000 after acquiring an additional 30 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Saia by 3.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 744 shares of the transportation company's stock valued at $339,000 after acquiring an additional 26 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Saia by 2.3% during the fourth quarter. HighTower Advisors LLC now owns 3,462 shares of the transportation company's stock valued at $1,578,000 after acquiring an additional 77 shares in the last quarter. Finally, Tortoise Investment Management LLC increased its position in shares of Saia by 76.6% during the fourth quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company's stock valued at $51,000 after acquiring an additional 49 shares in the last quarter.

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Analyst Ratings Changes

SAIA has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Saia in a research report on Friday, March 7th. They set a "buy" rating and a $570.00 price target for the company. Barclays reduced their price target on shares of Saia from $600.00 to $535.00 and set an "overweight" rating for the company in a research report on Monday, March 10th. Jefferies Financial Group raised their price target on shares of Saia from $525.00 to $560.00 and gave the company a "buy" rating in a research report on Friday, January 10th. Stifel Nicolaus raised shares of Saia from a "hold" rating to a "buy" rating and set a $524.00 target price for the company in a research report on Monday, February 24th. Finally, TD Cowen lifted their target price on shares of Saia from $456.00 to $478.00 and gave the stock a "hold" rating in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Saia currently has an average rating of "Moderate Buy" and a consensus target price of $526.39.

Insiders Place Their Bets

In other news, EVP Patrick D. Sugar sold 799 shares of the company's stock in a transaction dated Monday, February 10th. The shares were 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 in the company, valued at approximately $4,260,482.46. This represents a 8.47 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction, the chief executive officer now owns 17,645 shares in the company, 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 have sold a total of 9,493 shares of company stock worth $4,646,181 in the last 90 days. 0.30% of the stock is currently owned by corporate insiders.

Saia Price Performance

Shares of SAIA traded down $9.41 during trading hours on Tuesday, reaching $349.29. 376,489 shares of the stock traded hands, compared to its average volume of 411,126. 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 $345.62 and a 52-week high of $624.55. The company's 50-day moving average price is $450.03 and its two-hundred day moving average price is $467.25. The company has a market cap of $9.30 billion, a P/E ratio of 25.85, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89.

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). The firm had revenue of $789.00 million for the quarter, compared to analysts' expectations of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. The firm's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm posted $3.33 EPS. On average, analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current year.

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.