Saia, Inc. (NASDAQ:SAIA) Position Increased by Stephens Inc. AR

Stephens Inc. AR raised its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 15.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,490 shares of the transportation company’s stock after purchasing an additional 200 shares during the period. Stephens Inc. AR’s holdings in Saia were worth $679,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. CIBC Asset Management Inc increased its stake in 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 purchasing an additional 26 shares during the last quarter. Legacy Wealth Asset Management LLC increased its stake in Saia by 4.1% during the third 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 during the last quarter. UMB Bank n.a. increased its stake in Saia by 1.0% during the fourth quarter. UMB Bank n.a. now owns 3,707 shares of the transportation company’s stock valued at $1,689,000 after purchasing an additional 37 shares during the last quarter. Avior Wealth Management LLC increased its stake in Saia by 3.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,171 shares of the transportation company’s stock valued at $534,000 after purchasing an additional 37 shares during the last quarter. Finally, Greenleaf Trust grew its position in shares of Saia by 6.4% during the fourth quarter. Greenleaf Trust now owns 613 shares of the transportation company’s stock worth $279,000 after acquiring an additional 37 shares during the last quarter.

Saia Price Performance

Shares of NASDAQ SAIA opened at $482.19 on Friday. Saia, Inc. has a twelve month low of $358.90 and a twelve month high of $628.34. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $12.82 billion, a price-to-earnings ratio of 35.69, a PEG ratio of 2.51 and a beta of 1.79. The firm has a 50-day moving average of $487.42 and a two-hundred day moving average of $462.77.

Saia (NASDAQ:SAIA) last issued 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 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 analyst estimates of $794.69 million. During the same period in the previous year, the company posted $3.33 earnings per share. Saia’s revenue was up 5.0% compared to the same quarter last year. As a group, analysts expect that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Saia

In other Saia news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the company’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 completion of the sale, the chief executive officer now directly owns 17,645 shares of the company’s stock, valued at approximately $8,599,114.30. This represents a 29.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Patrick D. Sugar sold 799 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $493.74, for a total transaction of $394,498.26. Following the sale, the executive vice president now directly owns 8,629 shares of the company’s stock, valued at $4,260,482.46. This represents a 8.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,453 shares of company stock valued at $4,693,318. 0.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on SAIA. Susquehanna upped their price target on shares of Saia from $530.00 to $540.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. lowered their price target on shares of Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. BMO Capital Markets upped their price target on shares of Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a research report on Monday, October 28th. Barclays lowered their price target on shares of Saia from $620.00 to $600.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Finally, Jefferies Financial Group upped their price target on shares of Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $535.41.

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.