Proficio Capital Partners LLC Takes Position in Saia, Inc. (NASDAQ:SAIA)

Proficio Capital Partners LLC bought a new stake in Saia, Inc. (NASDAQ:SAIA - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 34,180 shares of the transportation company's stock, valued at approximately $15,577,000. Proficio Capital Partners LLC owned 0.13% of Saia at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Kestra Investment Management LLC acquired a new position in Saia during the 4th quarter valued at about $25,000. Arcadia Investment Management Corp MI acquired a new position in Saia during the 4th quarter valued at about $154,000. GAMMA Investing LLC boosted its stake in Saia by 148.0% during the 4th quarter. GAMMA Investing LLC now owns 367 shares of the transportation company's stock valued at $167,000 after purchasing an additional 219 shares during the last quarter. World Equity Group Inc. acquired a new position in Saia during the 4th quarter valued at about $201,000. Finally, Pinnacle Financial Partners Inc acquired a new position in Saia during the 4th quarter valued at about $204,000.

Wall Street Analyst Weigh In

SAIA has been the subject of a number of analyst reports. Bank of America cut their price target on Saia from $600.00 to $565.00 and set a "buy" rating for the company in a research note on Tuesday, February 4th. Cowen reiterated a "hold" rating on shares of Saia in a research note on Tuesday, February 4th. Raymond James dropped their target price on shares of Saia from $560.00 to $540.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 4th. Barclays dropped their target price on shares of Saia from $620.00 to $600.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Finally, Stephens reissued an "overweight" rating and set a $600.00 target price on shares of Saia in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $535.12.

Saia Stock Performance

Shares of NASDAQ:SAIA traded down $19.10 during mid-day trading on Monday, reaching $390.34. The company had a trading volume of 386,297 shares, compared to its average volume of 415,125. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The firm has a market cap of $10.39 billion, a price-to-earnings ratio of 28.89, a PEG ratio of 2.24 and a beta of 1.79. The company's 50-day moving average price is $470.37 and its 200-day moving average price is $468.34. Saia, Inc. has a one year low of $358.90 and a one year high of $628.34.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 EPS 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 company had revenue of $789.00 million during the quarter, compared to the consensus estimate of $794.69 million. During the same period last year, the firm posted $3.33 EPS. The company's revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Insider Buying and Selling at Saia

In other news, CFO Matthew J. Batteh sold 700 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total transaction of $350,063.00. Following the completion of the transaction, the chief financial officer now directly owns 3,326 shares in the company, valued at $1,663,299.34. The trade was a 17.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the business's 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 transaction, the chief executive officer now owns 17,645 shares of the company's stock, valued at $8,599,114.30. This trade represents a 29.92 % 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 in the last 90 days. 0.30% of the stock is currently owned by company insiders.

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.