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

Commonwealth Equity Services LLC lifted its holdings in Saia, Inc. (NASDAQ:SAIA) by 4.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 SEC filing.

A number of other hedge funds have also made changes to their positions in SAIA. Oddo BHF Asset Management Sas acquired a new stake in Saia in the 3rd quarter valued at $1,408,000. Highview Capital Management LLC DE acquired a new stake in shares of Saia in the fourth quarter valued at about $1,324,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Saia during the 4th quarter valued at about $3,363,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Saia by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 226,137 shares of the transportation company’s stock valued at $103,057,000 after buying an additional 4,972 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Saia by 13.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,804 shares of the transportation company’s stock worth $3,101,000 after acquiring an additional 788 shares in the last quarter.

Insider Transactions at Saia

In related news, EVP Patrick D. Sugar sold 799 shares of Saia stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $493.74, for a total value of $394,498.26. Following the sale, the executive vice president now directly owns 8,629 shares in the company, valued at $4,260,482.46. This trade represents a 8.47 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 transaction of $3,671,619.56. Following the completion of the sale, the chief executive officer now owns 17,645 shares in the company, valued at $8,599,114.30. The trade was a 29.92 % 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 company insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Wells Fargo & Company dropped their price objective on shares of Saia from $510.00 to $400.00 and set an “equal weight” rating on the stock in a research note on Thursday. Raymond James dropped their price target on shares of Saia from $560.00 to $540.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. Jefferies Financial Group upped their price objective on shares of Saia from $525.00 to $560.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Stephens reaffirmed an “overweight” rating and set a $600.00 target price on shares of Saia in a research report on Thursday, February 6th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Saia in a research note on Friday, March 7th. They issued a “buy” rating and a $570.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Saia currently has a consensus rating of “Moderate Buy” and an average price target of $520.28.

Saia Stock Down 4.5 %

Shares of NASDAQ:SAIA opened at $359.00 on Monday. The company’s fifty day moving average is $431.71 and its two-hundred day moving average is $465.06. 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 1-year low of $342.68 and a 1-year high of $624.55. The stock has a market capitalization of $9.56 billion, a price-to-earnings ratio of 26.57, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data 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 net margin of 11.28% and a return on equity of 16.63%. The business had revenue of $789.00 million for the quarter, compared to the consensus estimate of $794.69 million. During the same period in the prior year, the company earned $3.33 EPS. Saia’s quarterly revenue was up 5.0% on a year-over-year basis. Equities analysts anticipate that Saia, Inc. will post 15.46 EPS for the current year.

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.