Inceptionr LLC Acquires Shares of 1,558 Saia, Inc. (NASDAQ:SAIA)

Inceptionr LLC purchased a new position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,558 shares of the transportation company's stock, valued at approximately $710,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Kestra Investment Management LLC purchased a new stake in shares of Saia during the 4th quarter worth approximately $25,000. Jones Financial Companies Lllp grew its holdings in Saia by 47.8% during the fourth quarter. Jones Financial Companies Lllp now owns 201 shares of the transportation company's stock valued at $92,000 after purchasing an additional 65 shares during the period. Arcadia Investment Management Corp MI purchased a new stake in Saia in the fourth quarter worth $154,000. GAMMA Investing LLC raised its stake in shares of Saia by 148.0% in the fourth quarter. GAMMA Investing LLC now owns 367 shares of the transportation company's stock valued at $167,000 after buying an additional 219 shares during the period. Finally, World Equity Group Inc. purchased a new position in shares of Saia during the 4th quarter valued at $201,000.

Saia Trading Down 1.4 %

Saia stock traded down $5.01 during mid-day trading on Tuesday, hitting $361.59. The company's stock had a trading volume of 603,901 shares, compared to its average volume of 404,823. The business has a 50 day moving average price of $459.97 and a 200-day moving average price of $468.08. Saia, Inc. has a 12 month low of $358.90 and a 12 month high of $624.55. The stock has a market cap of $9.63 billion, a price-to-earnings ratio of 26.76, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26.

Remove Ads

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). Saia had a return on equity of 16.63% and a net margin of 11.28%. The company had revenue of $789.00 million for the quarter, compared to the consensus estimate of $794.69 million. During the same quarter in the previous year, the business earned $3.33 earnings per share. Saia's revenue was up 5.0% compared to the same quarter last year. As a group, analysts forecast that Saia, Inc. will post 15.46 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wells Fargo & Company decreased their price objective on Saia from $550.00 to $510.00 and set an "equal weight" rating for the company in a report on Tuesday, February 4th. Bank of America lowered their price target on shares of Saia from $565.00 to $484.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. JPMorgan Chase & Co. reduced their price objective on shares of Saia from $566.00 to $558.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Saia in a report on Friday. They set a "buy" rating and a $570.00 target price on the stock. Finally, Jefferies Financial Group raised their price target on Saia from $525.00 to $560.00 and gave the stock a "buy" rating in a report on Friday, January 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Saia presently has a consensus rating of "Moderate Buy" and an average target price of $526.39.

Insider Buying and Selling

In other news, EVP Patrick D. Sugar sold 799 shares of Saia stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $493.74, for a total value 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 trade 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 that occurred on Monday, February 10th. The shares were sold at an average price of $487.34, for a total value of $3,671,619.56. Following the transaction, the chief executive officer now owns 17,645 shares of the company's stock, valued at approximately $8,599,114.30. This represents a 29.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,493 shares of company stock valued at $4,646,181 over the last three months. 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.