Saia, Inc. (NASDAQ:SAIA) Shares Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC lifted its stake in Saia, Inc. (NASDAQ:SAIA) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,614 shares of the transportation company’s stock after acquiring an additional 109 shares during the period. Commonwealth Equity Services LLC’s holdings in Saia were worth $1,191,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SAIA. Citigroup Inc. lifted its position in Saia by 27.2% in the third quarter. Citigroup Inc. now owns 13,731 shares of the transportation company’s stock worth $6,004,000 after purchasing an additional 2,938 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of Saia by 61.7% in the third quarter. BNP Paribas Financial Markets now owns 3,698 shares of the transportation company’s stock valued at $1,617,000 after buying an additional 1,411 shares during the period. Glenmede Trust Co. NA boosted its stake in Saia by 47.2% during the third quarter. Glenmede Trust Co. NA now owns 652 shares of the transportation company’s stock valued at $285,000 after buying an additional 209 shares in the last quarter. CreativeOne Wealth LLC acquired a new position in Saia during the third quarter worth about $854,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Saia by 1.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,016 shares of the transportation company’s stock worth $2,631,000 after acquiring an additional 114 shares in the last quarter.

Wall Street Analyst Weigh In

SAIA has been the topic of several recent research reports. Barclays lowered their price objective on shares of Saia from $600.00 to $535.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. Stifel Nicolaus raised Saia from a “hold” rating to a “buy” rating and set a $524.00 price target on the stock in a report on Monday, February 24th. Susquehanna increased their price objective on Saia from $530.00 to $540.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. The Goldman Sachs Group lifted their target price on Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Finally, Cowen reaffirmed a “hold” rating on shares of Saia in a report on Tuesday, February 4th. One research 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. According to MarketBeat, Saia has an average rating of “Moderate Buy” and an average target price of $520.28.

Insiders Place Their Bets

In other Saia news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the business’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 completion of the sale, the chief executive officer now directly owns 17,645 shares of the company’s stock, valued at $8,599,114.30. The trade was a 29.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Kelly W. Benton sold 460 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total transaction of $230,000.00. Following the transaction, the chief accounting officer now owns 4,287 shares in the company, valued at $2,143,500. This represents a 9.69 % 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 in the last three months. Insiders own 0.30% of the company’s stock.

Saia Stock Performance

Shares of SAIA opened at $359.00 on Monday. The company has a market capitalization of $9.56 billion, a PE ratio of 26.57, a PEG ratio of 2.24 and a beta of 1.89. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. The company’s 50 day moving average price is $431.71 and its 200 day moving average price is $465.06. Saia, Inc. has a 52 week low of $342.68 and a 52 week high of $624.55.

Saia (NASDAQ:SAIA) last posted its quarterly 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 company had revenue of $789.00 million during the quarter, compared to analyst estimates of $794.69 million. During the same period last year, the company posted $3.33 earnings per share. The company’s revenue was up 5.0% compared to the same quarter last year. Research analysts expect that Saia, Inc. will post 15.46 EPS for the current fiscal year.

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.