Everence Capital Management Inc. Invests $301,000 in Saia, Inc. (NASDAQ:SAIA)

Everence Capital Management Inc. acquired a new stake in shares of Saia, Inc. (NASDAQ:SAIA) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 660 shares of the transportation company’s stock, valued at approximately $301,000.

A number of other large investors have also added to or reduced their stakes in SAIA. CIBC Asset Management Inc increased its holdings in shares of Saia by 3.5% during the third quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company’s stock valued at $337,000 after acquiring an additional 26 shares in the last quarter. Legacy Wealth Asset Management LLC increased its stake in Saia by 4.1% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company’s stock valued at $337,000 after purchasing an additional 30 shares in the last quarter. Cim LLC raised its holdings in Saia by 7.6% in the second quarter. Cim LLC now owns 594 shares of the transportation company’s stock worth $282,000 after buying an additional 42 shares during the last quarter. Ballentine Partners LLC lifted its stake in shares of Saia by 2.7% in the second quarter. Ballentine Partners LLC now owns 2,209 shares of the transportation company’s stock worth $1,048,000 after buying an additional 59 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of Saia by 0.4% during the third quarter. Janney Montgomery Scott LLC now owns 15,397 shares of the transportation company’s stock valued at $6,732,000 after acquiring an additional 59 shares in the last quarter.

Insider Buying and Selling

In related news, EVP Rohit Lal sold 1,120 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total transaction of $627,200.00. Following the completion of the transaction, the executive vice president now owns 8,270 shares in the company, valued at approximately $4,631,200. This represents a 11.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

SAIA has been the topic of several analyst reports. JPMorgan Chase & Co. upped their price objective on Saia from $499.00 to $566.00 and gave the company an “overweight” rating in a research report on Friday, December 6th. Stifel Nicolaus cut Saia from a “buy” rating to a “hold” rating and dropped their price objective for the company from $440.00 to $437.00 in a research report on Monday, October 21st. Barclays boosted their target price on Saia from $515.00 to $620.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 13th. Wolfe Research raised shares of Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 price target on the stock in a report on Wednesday, October 9th. Finally, Benchmark reaffirmed a “buy” rating and issued a $480.00 target price on shares of Saia in a research report on Thursday, September 19th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $511.65.

Saia Stock Performance

SAIA opened at $458.25 on Wednesday. The company has a 50 day simple moving average of $514.18 and a two-hundred day simple moving average of $459.72. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.26. The firm has a market cap of $12.19 billion, a P/E ratio of 32.73, a PEG ratio of 2.96 and a beta of 1.79. Saia, Inc. has a 1-year low of $358.90 and a 1-year high of $628.34.

Saia (NASDAQ:SAIA) last issued its earnings results on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing the consensus estimate of $3.53 by ($0.07). The firm had revenue of $842.10 million during the quarter, compared to the consensus estimate of $839.82 million. Saia had a return on equity of 18.00% and a net margin of 11.83%. The company’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $3.67 EPS. Equities analysts forecast that Saia, Inc. will post 13.51 earnings per share for the current fiscal 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.