Mirabella Financial Services LLP Buys Shares of 16,229 Saia, Inc. (NASDAQ:SAIA)

Mirabella Financial Services LLP purchased a new position in Saia, Inc. (NASDAQ:SAIA) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 16,229 shares of the transportation company’s stock, valued at approximately $7,391,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Kestra Investment Management LLC purchased a new position in Saia in the fourth quarter valued at about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Saia by 172.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company’s stock valued at $28,000 after buying an additional 38 shares during the last quarter. Atala Financial Inc bought a new stake in shares of Saia in the 4th quarter valued at approximately $36,000. Huntington National Bank increased its holdings in Saia by 291.7% in the fourth quarter. Huntington National Bank now owns 94 shares of the transportation company’s stock worth $43,000 after buying an additional 70 shares during the last quarter. Finally, Tortoise Investment Management LLC increased its holdings in Saia by 76.6% in the fourth quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company’s stock worth $51,000 after buying an additional 49 shares during the last quarter.

Analysts Set New Price Targets

A number of analysts have issued reports on SAIA shares. Stephens reiterated an “overweight” rating and issued a $600.00 target price on shares of Saia in a research note on Thursday, February 6th. Raymond James reduced their price objective on shares of Saia from $540.00 to $455.00 and set an “outperform” rating for the company in a research note on Tuesday, April 8th. Jefferies Financial Group reduced their price target on Saia from $560.00 to $455.00 and set a “buy” rating for the company in a research report on Wednesday, April 9th. Citigroup lowered their price objective on Saia from $498.00 to $435.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Finally, Barclays decreased their target price on Saia from $535.00 to $475.00 and set an “overweight” rating for the company in a research report on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $484.39.

Insider Activity at Saia

In other news, CAO Kelly W. Benton sold 460 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now directly owns 4,287 shares of the company’s stock, valued at approximately $2,143,500. This represents a 9.69 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the business’s stock in a transaction 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 directly owns 17,645 shares in the company, valued at approximately $8,599,114.30. This represents a 29.92 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,493 shares of company stock worth $4,646,181. 0.30% of the stock is owned by corporate insiders.

Saia Stock Up 5.0 %

Shares of SAIA opened at $334.55 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. The company has a 50-day simple moving average of $379.78 and a 200-day simple moving average of $453.07. Saia, Inc. has a 52 week low of $287.50 and a 52 week high of $624.55. The firm has a market capitalization of $8.91 billion, a P/E ratio of 24.76, a P/E/G ratio of 2.24 and a beta of 1.99.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 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 analyst estimates of $794.69 million. During the same period last year, the company earned $3.33 EPS. The company’s revenue was up 5.0% on a year-over-year basis. On average, equities research analysts expect that Saia, Inc. will post 15.46 earnings per share for the current year.

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.