LPL Financial LLC Buys 4,679 Shares of Saia, Inc. (NASDAQ:SAIA)

LPL Financial LLC raised its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 22.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,381 shares of the transportation company's stock after acquiring an additional 4,679 shares during the period. LPL Financial LLC owned approximately 0.10% of Saia worth $11,567,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SAIA. Kestra Investment Management LLC acquired a new stake in Saia in the 4th quarter worth $25,000. Atala Financial Inc acquired a new stake in Saia during the fourth quarter worth about $36,000. Tortoise Investment Management LLC increased its stake in 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 during the period. Jones Financial Companies Lllp increased its stake 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 acquiring an additional 65 shares during the period. Finally, Arcadia Investment Management Corp MI bought a new stake in shares of Saia in the 4th quarter worth approximately $154,000.

Saia Stock Performance

Saia stock traded up $5.28 during midday trading on Monday, reaching $327.66. 550,165 shares of the company's stock were exchanged, compared to its average volume of 443,696. The stock's 50-day simple moving average is $416.37 and its 200 day simple moving average is $461.87. The firm has a market cap of $8.73 billion, a price-to-earnings ratio of 24.38, a P/E/G ratio of 2.24 and a beta of 1.99. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. Saia, Inc. has a 52 week low of $287.50 and a 52 week high of $624.55.

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Saia (NASDAQ:SAIA - Get Free Report) last posted 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). Saia had a return on equity of 16.63% and a net margin of 11.28%. The business had revenue of $789.00 million for the quarter, compared to analyst estimates of $794.69 million. During the same period in the previous year, the firm posted $3.33 earnings per share. The firm's revenue was up 5.0% compared to the same quarter last year. On average, analysts expect that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

SAIA has been the subject of a number of recent research reports. Jefferies Financial Group increased their price objective on shares of Saia from $525.00 to $560.00 and gave the company a "buy" rating in a research note 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 on the stock in a research note on Tuesday, February 4th. Bank of America reduced their price objective on shares of Saia from $565.00 to $484.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. Raymond James decreased their target price on Saia from $560.00 to $540.00 and set an "outperform" rating for the company in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company dropped their price objective on Saia from $510.00 to $400.00 and set an "equal weight" rating on the stock in a research note on Thursday, March 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $507.50.

Insider Activity

In other news, CFO Matthew J. Batteh sold 700 shares of Saia stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total transaction of $350,063.00. Following the completion of the sale, the chief financial officer now owns 3,326 shares of the company's stock, valued at approximately $1,663,299.34. This trade represents a 17.39 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Kelly W. Benton sold 460 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total transaction of $230,000.00. Following the completion of the transaction, the chief accounting officer now owns 4,287 shares in the company, valued at $2,143,500. This trade represents a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,493 shares of company stock valued at $4,646,181 over the last ninety days. 0.30% of the stock is currently owned by company insiders.

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.