Hilton Capital Management LLC Has $2.16 Million Position in Saia, Inc. (NASDAQ:SAIA)

Hilton Capital Management LLC lifted its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 4.4% in the fourth quarter, Holdings Channel.com reports. The fund owned 4,749 shares of the transportation company’s stock after purchasing an additional 200 shares during the quarter. Hilton Capital Management LLC’s holdings in Saia were worth $2,164,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Kestra Investment Management LLC bought a new position in Saia during the fourth quarter worth about $25,000. Atala Financial Inc acquired a new stake in shares of Saia in the 4th quarter valued at $36,000. Tortoise Investment Management LLC increased its position in shares of Saia by 76.6% during the 4th quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company’s stock worth $51,000 after purchasing an additional 49 shares in the last quarter. Jones Financial Companies Lllp increased its position in shares of Saia by 47.8% during the 4th quarter. Jones Financial Companies Lllp now owns 201 shares of the transportation company’s stock worth $92,000 after purchasing an additional 65 shares in the last quarter. Finally, Arcadia Investment Management Corp MI acquired a new position in Saia in the fourth quarter valued at about $154,000.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SAIA. Barclays dropped their price target on Saia from $600.00 to $535.00 and set an “overweight” rating for the company in a report on Monday. Stephens reaffirmed an “overweight” rating and issued a $600.00 target price on shares of Saia in a research note on Thursday, February 6th. Raymond James dropped their price objective on shares of Saia from $560.00 to $540.00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th. Wells Fargo & Company lowered their target price on Saia from $550.00 to $510.00 and set an “equal weight” rating for the company in a research note on Tuesday, February 4th. Finally, The Goldman Sachs Group raised their price target on Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $526.39.

Saia Stock Performance

NASDAQ SAIA opened at $352.36 on Friday. Saia, Inc. has a 52-week low of $347.11 and a 52-week high of $624.55. The stock has a market cap of $9.38 billion, a PE ratio of 26.08, a P/E/G ratio of 2.24 and a beta of 1.89. The firm has a 50-day moving average of $456.37 and a 200-day moving average of $467.11. 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 (NASDAQ:SAIA) last released its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share (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 the consensus estimate of $794.69 million. During the same quarter last year, the firm earned $3.33 earnings per share. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Saia, Inc. will post 15.46 EPS for the current year.

Insider Buying and Selling

In related news, CFO Matthew J. Batteh sold 700 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total transaction of $350,063.00. Following the sale, the chief financial officer now owns 3,326 shares in the company, valued at approximately $1,663,299.34. This trade represents a 17.39 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible 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 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 of the company’s stock, valued at approximately $2,143,500. This represents a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,493 shares of company stock valued at $4,646,181. 0.30% of the stock is owned by company insiders.

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.