3,775 Shares in Saia, Inc. (NASDAQ:SAIA) Purchased by ST. Nicholas Private Asset Management Inc.

ST. Nicholas Private Asset Management Inc. bought a new position in shares of Saia, Inc. (NASDAQ:SAIA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,775 shares of the transportation company’s stock, valued at approximately $1,720,000. Saia accounts for approximately 1.5% of ST. Nicholas Private Asset Management Inc.’s investment portfolio, making the stock its 20th biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Kestra Investment Management LLC acquired a new position in Saia in the fourth quarter valued at approximately $25,000. Blue Trust Inc. raised its stake in shares of Saia by 319.1% during the 3rd quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock worth $135,000 after buying an additional 217 shares during the period. Arcadia Investment Management Corp MI acquired a new position in shares of Saia during the 4th quarter worth approximately $154,000. GAMMA Investing LLC raised its stake in shares of Saia by 148.0% during the 4th quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock worth $167,000 after buying an additional 219 shares during the period. Finally, Pinnacle Financial Partners Inc acquired a new position in shares of Saia during the 4th quarter worth approximately $204,000.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Wells Fargo & Company reduced 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. TD Cowen boosted their price target on Saia from $456.00 to $478.00 and gave the stock a “hold” rating in a research report on Tuesday, February 4th. Stifel Nicolaus boosted their price target on Saia from $443.00 to $529.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Stephens reiterated an “overweight” rating and set a $600.00 price target on shares of Saia in a research report on Thursday, February 6th. Finally, Barclays dropped their price target on Saia from $620.00 to $600.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $535.41.

Saia Price Performance

SAIA opened at $406.65 on Friday. The stock’s 50-day moving average price is $480.48 and its 200 day moving average price is $466.55. Saia, Inc. has a 12-month low of $358.90 and a 12-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 firm has a market cap of $10.81 billion, a price-to-earnings ratio of 30.10, a PEG ratio of 2.24 and a beta of 1.79.

Saia (NASDAQ:SAIA) last posted its 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). The firm had revenue of $789.00 million for the quarter, compared to analyst estimates of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. Saia’s revenue was up 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $3.33 EPS. As a group, sell-side analysts expect that Saia, Inc. will post 15.46 earnings per share for the current year.

Insider Buying and Selling at Saia

In other news, 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 value of $394,498.26. Following the transaction, the executive vice president now owns 8,629 shares in the company, valued at approximately $4,260,482.46. This represents a 8.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Matthew J. Batteh sold 700 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total value of $350,063.00. Following the completion of the transaction, the chief financial officer now owns 3,326 shares in the company, valued at approximately $1,663,299.34. The trade was a 17.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,493 shares of company stock valued at $4,646,181 in the last quarter. Corporate 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.