Saia, Inc. (NASDAQ:SAIA) Shares Bought by Hilton Capital Management LLC

Hilton Capital Management LLC raised its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 4.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,749 shares of the transportation company’s stock after purchasing an additional 200 shares during the quarter. Hilton Capital Management LLC’s holdings in Saia were worth $2,164,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of SAIA. State Street Corp boosted its stake in Saia by 3.1% during the 3rd quarter. State Street Corp now owns 805,597 shares of the transportation company’s stock valued at $352,255,000 after acquiring an additional 24,351 shares during the last quarter. Wasatch Advisors LP lifted its holdings in Saia by 10.2% during the 3rd quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company’s stock worth $302,761,000 after buying an additional 64,351 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Saia by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 471,667 shares of the transportation company’s stock worth $206,292,000 after acquiring an additional 6,456 shares in the last quarter. Westfield Capital Management Co. LP increased its holdings in shares of Saia by 11.8% in the 3rd quarter. Westfield Capital Management Co. LP now owns 303,582 shares of the transportation company’s stock valued at $132,744,000 after acquiring an additional 31,991 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Saia by 4.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 261,803 shares of the transportation company’s stock valued at $116,670,000 after acquiring an additional 11,177 shares in the last quarter.

Insider Activity

In other news, CFO Matthew J. Batteh sold 700 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total transaction of $350,063.00. Following the transaction, the chief financial officer now owns 3,326 shares of the company’s stock, valued at approximately $1,663,299.34. This represents a 17.39 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of Saia stock in a transaction on Monday, February 10th. The stock was sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the completion of the transaction, the chief executive officer now owns 17,645 shares in the company, valued at $8,599,114.30. This trade represents a 29.92 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,493 shares of company stock worth $4,646,181. 0.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

SAIA has been the subject of several research reports. Stifel Nicolaus raised shares of Saia from a “hold” rating to a “buy” rating and set a $524.00 price target for the company in a report on Monday, February 24th. Wells Fargo & Company lowered their price objective 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. Barclays lowered their price target on shares of Saia from $600.00 to $535.00 and set an “overweight” rating for the company in a research report on Monday. TD Cowen boosted their target price on shares of Saia from $456.00 to $478.00 and gave the company a “hold” rating in a research note on Tuesday, February 4th. Finally, Raymond James dropped their price target on shares of Saia from $560.00 to $540.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $526.39.

Saia Trading Down 4.8 %

NASDAQ SAIA opened at $352.36 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 stock has a market cap of $9.38 billion, a price-to-earnings ratio of 26.08, a PEG ratio of 2.24 and a beta of 1.89. The firm’s 50 day moving average price is $456.37 and its two-hundred day moving average price is $467.11. Saia, Inc. has a twelve month low of $347.11 and a twelve month high of $624.55.

Saia (NASDAQ:SAIA) last issued its earnings results on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). The firm had revenue of $789.00 million during the quarter, compared to analysts’ expectations 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 last year, the firm earned $3.33 EPS. Equities analysts anticipate that Saia, Inc. will post 15.46 EPS 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.