Pacific Global Investment Management Co. Has $1.64 Million Position in Saia, Inc. (NASDAQ:SAIA)

Pacific Global Investment Management Co. increased its position in Saia, Inc. (NASDAQ:SAIA) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,602 shares of the transportation company’s stock after buying an additional 168 shares during the period. Saia accounts for 2.1% of Pacific Global Investment Management Co.’s portfolio, making the stock its 15th largest holding. Pacific Global Investment Management Co.’s holdings in Saia were worth $1,642,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SAIA. DekaBank Deutsche Girozentrale increased its holdings in Saia by 45.4% in the third quarter. DekaBank Deutsche Girozentrale now owns 721 shares of the transportation company’s stock worth $311,000 after buying an additional 225 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in Saia by 7.1% in the third quarter. State of Alaska Department of Revenue now owns 3,085 shares of the transportation company’s stock worth $1,348,000 after buying an additional 205 shares during the last quarter. US Bancorp DE increased its holdings in Saia by 6.8% in the third quarter. US Bancorp DE now owns 16,190 shares of the transportation company’s stock worth $7,079,000 after buying an additional 1,037 shares during the last quarter. Stephens Inc. AR grew its holdings in Saia by 172.7% during the third quarter. Stephens Inc. AR now owns 1,290 shares of the transportation company’s stock valued at $564,000 after purchasing an additional 817 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its holdings in Saia by 0.4% during the third quarter. Janney Montgomery Scott LLC now owns 15,397 shares of the transportation company’s stock valued at $6,732,000 after purchasing an additional 59 shares during the last quarter.

Analysts Set New Price Targets

Several brokerages have commented on SAIA. Citigroup lowered their price target on Saia from $561.00 to $544.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. Cowen reiterated a “hold” rating on shares of Saia in a report on Tuesday, February 4th. Susquehanna increased their price target on Saia from $530.00 to $540.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Stifel Nicolaus upgraded Saia from a “hold” rating to a “buy” rating and set a $524.00 price target on the stock in a report on Monday, February 24th. Finally, Bank of America lowered their price target on Saia from $600.00 to $565.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $535.12.

Insider Activity

In related news, EVP Patrick D. Sugar sold 799 shares of Saia 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 completion of the sale, the executive vice president now directly owns 8,629 shares in the company, valued at $4,260,482.46. This trade represents a 8.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $487.34, for a total value of $3,671,619.56. Following the transaction, the chief executive officer now owns 17,645 shares of the company’s stock, valued at $8,599,114.30. The trade was a 29.92 % decrease in their ownership of the stock. 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 Performance

Shares of NASDAQ:SAIA opened at $409.44 on Monday. Saia, Inc. has a twelve month low of $358.90 and a twelve month high of $628.34. The firm has a market cap of $10.90 billion, a PE ratio of 30.31, a price-to-earnings-growth ratio of 2.24 and a beta of 1.79. 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 business has a fifty day moving average of $470.37 and a 200-day moving average of $467.69.

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 analysts’ consensus estimates of $2.87 by ($0.03). Saia had a net margin of 11.28% and a return on equity of 16.63%. The business had revenue of $789.00 million during the quarter, compared to analyst estimates of $794.69 million. During the same quarter last year, the business posted $3.33 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts predict that Saia, Inc. will post 15.46 EPS for the current fiscal year.

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.