Saia, Inc. (NASDAQ:SAIA) Shares Purchased by Covestor Ltd

Covestor Ltd boosted its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 30.3% in the 4th quarter, Holdings Channel reports. The fund owned 271 shares of the transportation company’s stock after buying an additional 63 shares during the period. Covestor Ltd’s holdings in Saia were worth $124,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its stake in shares of Saia by 3.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 744 shares of the transportation company’s stock worth $339,000 after acquiring an additional 26 shares in the last quarter. Arizona State Retirement System boosted its position in Saia by 0.4% during the fourth quarter. Arizona State Retirement System now owns 7,685 shares of the transportation company’s stock worth $3,502,000 after purchasing an additional 29 shares in the last quarter. Avantax Advisory Services Inc. boosted its position in Saia by 4.6% during the fourth quarter. Avantax Advisory Services Inc. now owns 678 shares of the transportation company’s stock worth $309,000 after purchasing an additional 30 shares in the last quarter. UMB Bank n.a. grew its holdings in Saia by 1.0% in 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 period. Finally, Avior Wealth Management LLC increased its position in shares of Saia by 3.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,171 shares of the transportation company’s stock valued at $534,000 after buying an additional 37 shares in the last quarter.

Saia Trading Down 6.0 %

Shares of SAIA stock opened at $330.37 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia, Inc. has a twelve month low of $287.50 and a twelve month high of $624.55. The company’s 50-day moving average price is $396.39 and its 200-day moving average price is $456.60. The stock has a market cap of $8.80 billion, a price-to-earnings ratio of 24.45, a PEG ratio of 2.24 and a beta of 1.99.

Saia (NASDAQ:SAIA) last posted its earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing the consensus estimate of $2.87 by ($0.03). The firm had revenue of $789.00 million during the quarter, compared to analyst estimates of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.33 earnings per share. As a group, equities analysts predict that Saia, Inc. will post 15.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on SAIA shares. Bank of America decreased their target price on Saia from $565.00 to $484.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Saia in a report on Friday, March 7th. They set a “buy” rating and a $570.00 price objective on the stock. Stephens reissued an “overweight” rating and set a $600.00 target price on shares of Saia in a research note on Thursday, February 6th. JPMorgan Chase & Co. decreased their price target on shares of Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Finally, Stifel Nicolaus upgraded Saia from a “hold” rating to a “buy” rating and set a $524.00 price objective for the company in a research note on Monday, February 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $486.83.

Insider Buying and Selling

In related news, CEO Frederick J. Holzgrefe III sold 7,534 shares of Saia 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 owns 17,645 shares in the company, valued at approximately $8,599,114.30. This trade represents a 29.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Kelly W. Benton sold 460 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total value 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 trade 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 sold 9,493 shares of company stock worth $4,646,181. Company insiders own 0.30% of the company’s stock.

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.