HighTower Advisors LLC Increases Holdings in Saia, Inc. (NASDAQ:SAIA)

HighTower Advisors LLC raised its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 2.3% in the 4th quarter, Holdings Channel reports. The firm owned 3,462 shares of the transportation company’s stock after acquiring an additional 77 shares during the period. HighTower Advisors LLC’s holdings in Saia were worth $1,578,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Kestra Investment Management LLC purchased a new position in shares of Saia during the fourth quarter valued at approximately $25,000. Tortoise Investment Management LLC boosted its position 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 purchasing an additional 49 shares in the last quarter. Jones Financial Companies Lllp boosted its position 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 in the last quarter. Arcadia Investment Management Corp MI purchased a new stake in Saia during the fourth quarter valued at approximately $154,000. Finally, GAMMA Investing LLC boosted its position in shares of Saia by 148.0% in the 4th 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.

Wall Street Analysts Forecast Growth

SAIA has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their price objective on shares of Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Barclays reduced their target price on Saia from $600.00 to $535.00 and set an “overweight” rating for the company in a research note on Monday, March 10th. Susquehanna increased their price objective on Saia from $530.00 to $540.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Cowen reissued a “hold” rating on shares of Saia in a research note on Tuesday, February 4th. Finally, Stifel Nicolaus upgraded Saia from a “hold” rating to a “buy” rating and set a $524.00 target price on the stock in a research report on Monday, February 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat, Saia presently has an average rating of “Moderate Buy” and an average target price of $526.39.

Insider Buying and Selling at Saia

In other news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the business’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 directly 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Kelly W. Benton sold 460 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total value of $230,000.00. Following the transaction, the chief accounting officer now owns 4,287 shares in the company, valued at $2,143,500. The trade was a 9.69 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,493 shares of company stock worth $4,646,181. 0.30% of the stock is currently owned by insiders.

Saia Stock Performance

Shares of Saia stock opened at $381.49 on Tuesday. The firm’s 50 day moving average is $440.60 and its two-hundred day moving average is $466.18. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 52 week low of $342.68 and a 52 week high of $624.55. The firm has a market capitalization of $10.16 billion, a P/E ratio of 28.24, a P/E/G ratio of 2.24 and a beta of 1.89.

Saia (NASDAQ:SAIA) last announced its 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 net margin of 11.28% and a return on equity of 16.63%. The business had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $794.69 million. During the same period in the previous year, the company posted $3.33 earnings per share. Saia’s quarterly revenue was up 5.0% on a year-over-year basis. Research analysts forecast that Saia, Inc. will post 15.46 EPS for the current fiscal year.

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.