Farringdon Capital Ltd. Buys Shares of 584 Saia, Inc. (NASDAQ:SAIA)

Farringdon Capital Ltd. bought a new position in shares of Saia, Inc. (NASDAQ:SAIA) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 584 shares of the transportation company’s stock, valued at approximately $266,000.

Other hedge funds also recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its position in shares of Saia by 3.6% during the fourth quarter. EverSource Wealth Advisors LLC now owns 744 shares of the transportation company’s stock worth $339,000 after acquiring an additional 26 shares during the period. Arizona State Retirement System increased its holdings in Saia by 0.4% during the 4th 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 during the period. Avantax Advisory Services Inc. raised its position in Saia by 4.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 678 shares of the transportation company’s stock valued at $309,000 after purchasing an additional 30 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Saia by 1.0% in the 4th quarter. UMB Bank n.a. now owns 3,707 shares of the transportation company’s stock valued at $1,689,000 after buying an additional 37 shares during the period. Finally, Avior Wealth Management LLC grew its position in shares of Saia by 3.3% during the fourth quarter. Avior Wealth Management LLC now owns 1,171 shares of the transportation company’s stock worth $534,000 after buying an additional 37 shares in the last quarter.

Insider Buying and Selling at Saia

In other news, CAO Kelly W. Benton sold 460 shares of the business’s stock in a transaction dated 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 directly owns 4,287 shares in the company, valued at $2,143,500. The trade was a 9.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Patrick D. Sugar sold 799 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $493.74, for a total transaction of $394,498.26. Following the transaction, 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 have sold 9,493 shares of company stock valued at $4,646,181. 0.30% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. UBS Group reduced their target price on shares of Saia from $557.00 to $422.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Jefferies Financial Group lowered their target price on shares of Saia from $560.00 to $455.00 and set a “buy” rating for the company in a research note on Wednesday, April 9th. Barclays dropped their target price on Saia from $535.00 to $475.00 and set an “overweight” rating on the stock in a report on Wednesday, April 2nd. Wells Fargo & Company lowered their price objective on Saia from $510.00 to $400.00 and set an “equal weight” rating for the company in a research report on Thursday, March 27th. Finally, Raymond James dropped their price objective on Saia from $540.00 to $455.00 and set an “outperform” rating on the stock in a report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Saia presently has a consensus rating of “Moderate Buy” and an average target price of $484.39.

Saia Price Performance

Shares of SAIA opened at $334.55 on Friday. The company has a market capitalization of $8.91 billion, a price-to-earnings ratio of 24.76, a price-to-earnings-growth ratio of 2.24 and a beta of 1.99. Saia, Inc. has a fifty-two week low of $287.50 and a fifty-two week high of $624.55. The firm has a 50-day simple moving average of $382.94 and a 200-day simple moving average of $453.60. 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 announced 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). Saia had a net margin of 11.28% and a return on equity of 16.63%. The company had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $794.69 million. During the same quarter last year, the business posted $3.33 earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities research analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current year.

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.