WCM Investment Management LLC Grows Stock Position in Saia, Inc. (NASDAQ:SAIA)

WCM Investment Management LLC boosted its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 39.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,265 shares of the transportation company's stock after purchasing an additional 11,856 shares during the period. WCM Investment Management LLC owned approximately 0.16% of Saia worth $19,417,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in SAIA. Paladin Wealth LLC purchased a new stake in Saia in the 3rd quarter worth $40,000. Blue Trust Inc. grew its stake in shares of Saia by 319.1% during the third quarter. Blue Trust Inc. now owns 285 shares of the transportation company's stock worth $135,000 after purchasing an additional 217 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Saia by 148.0% during the fourth quarter. GAMMA Investing LLC now owns 367 shares of the transportation company's stock worth $167,000 after purchasing an additional 219 shares in the last quarter. Rehmann Capital Advisory Group purchased a new position in shares of Saia during the third quarter worth about $213,000. Finally, Apollon Wealth Management LLC purchased a new position in Saia during the fourth quarter worth about $252,000.

Insider Buying and Selling at Saia

In related news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the firm'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 in the company, valued at approximately $8,599,114.30. This trade represents a 29.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 completion of the sale, the executive vice president now 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 disclosure for this sale can be found here. In the last three months, insiders have sold 9,453 shares of company stock valued at $4,693,318. Insiders own 0.30% of the company's stock.

Saia Stock Performance

Shares of SAIA stock traded down $15.65 during mid-day trading on Wednesday, reaching $476.90. The stock had a trading volume of 333,960 shares, compared to its average volume of 380,199. The business's fifty day moving average is $487.42 and its 200-day moving average is $462.77. The firm has a market cap of $12.68 billion, a price-to-earnings ratio of 35.30, a PEG ratio of 2.51 and a beta of 1.79. 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 1-year low of $358.90 and a 1-year high of $628.34.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing the consensus estimate of $2.87 by ($0.03). Saia had a net margin of 11.28% and a return on equity of 16.63%. The firm had revenue of $789.00 million during the quarter, compared to analyst estimates of $794.69 million. During the same period in the prior year, the company posted $3.33 earnings per share. The firm's revenue for the quarter was up 5.0% compared to the same quarter last year. On average, research analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SAIA. TD Cowen increased their price objective on Saia from $456.00 to $478.00 and gave the company a "hold" rating in a research note on Tuesday, February 4th. BMO Capital Markets increased their price target on Saia from $465.00 to $495.00 and gave the company a "market perform" rating in a report on Monday, October 28th. Stifel Nicolaus raised their price objective on Saia from $443.00 to $529.00 and gave the stock a "hold" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. reduced their target price 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. Finally, Barclays dropped their price target 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. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $535.41.

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.