Dorsey & Whitney Trust CO LLC Invests $201,000 in Saia, Inc. (NASDAQ:SAIA)

Dorsey & Whitney Trust CO LLC bought a new stake in shares of Saia, Inc. (NASDAQ:SAIA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 442 shares of the transportation company’s stock, valued at approximately $201,000.

Other large investors also recently added to or reduced their stakes in the company. Kestra Investment Management LLC bought a new stake in shares of Saia during the fourth quarter valued at approximately $25,000. Jones Financial Companies Lllp increased its holdings in Saia by 47.8% in the 4th quarter. Jones Financial Companies Lllp now owns 201 shares of the transportation company’s stock valued at $92,000 after acquiring an additional 65 shares during the last quarter. Arcadia Investment Management Corp MI bought a new stake in Saia in the 4th quarter valued at $154,000. GAMMA Investing LLC lifted its stake in Saia by 148.0% in the 4th quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock worth $167,000 after purchasing an additional 219 shares in the last quarter. Finally, World Equity Group Inc. purchased a new stake in Saia in the 4th quarter worth $201,000.

Insider Transactions at Saia

In other Saia 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 value of $230,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 4,287 shares in the company, valued at approximately $2,143,500. The trade was a 9.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 17,645 shares of the company’s stock, valued at $8,599,114.30. The trade was a 29.92 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,493 shares of company stock valued at $4,646,181. 0.30% of the stock is currently owned by company insiders.

Saia Price Performance

Shares of SAIA stock opened at $361.59 on Wednesday. The stock has a 50 day moving average price of $459.97 and a 200 day moving average price of $468.08. Saia, Inc. has a 52-week low of $358.90 and a 52-week high of $624.55. 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 firm has a market capitalization of $9.63 billion, a P/E ratio of 26.76, a P/E/G ratio of 2.24 and a beta of 1.89.

Saia (NASDAQ:SAIA) last released 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 business had revenue of $789.00 million for the quarter, compared to the consensus estimate of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the business posted $3.33 earnings per share. As a group, sell-side analysts predict that Saia, Inc. will post 15.46 earnings per share for the current year.

Wall Street Analyst Weigh In

SAIA has been the subject of a number of research analyst reports. TD Cowen raised their price objective on Saia from $456.00 to $478.00 and gave the company a “hold” rating in a research report on Tuesday, February 4th. Susquehanna lifted their price objective on Saia from $530.00 to $540.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Wells Fargo & Company decreased their price objective on Saia from $550.00 to $510.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Bank of America lowered their target price on Saia from $565.00 to $484.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. Finally, Barclays reduced their price target on shares of Saia from $600.00 to $535.00 and set an “overweight” rating on the stock in a research report on Monday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $526.39.

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.