Xponance Inc. Buys 33 Shares of Saia, Inc. (NASDAQ:SAIA)

Xponance Inc. boosted its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,495 shares of the transportation company’s stock after buying an additional 33 shares during the period. Xponance Inc.’s holdings in Saia were worth $1,532,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. IFP Advisors Inc raised its holdings in shares of Saia by 17.7% in the third quarter. IFP Advisors Inc now owns 399 shares of the transportation company’s stock valued at $159,000 after purchasing an additional 60 shares during the last quarter. SG Americas Securities LLC increased its holdings in Saia by 173.9% during the third quarter. SG Americas Securities LLC now owns 8,241 shares of the transportation company’s stock worth $3,285,000 after buying an additional 5,232 shares during the last quarter. Oak Thistle LLC purchased a new stake in Saia during the third quarter worth about $843,000. Commonwealth Equity Services LLC boosted its position in Saia by 1.9% during the third quarter. Commonwealth Equity Services LLC now owns 1,549 shares of the transportation company’s stock worth $618,000 after purchasing an additional 29 shares during the period. Finally, Raymond James & Associates boosted its position in Saia by 0.7% during the third quarter. Raymond James & Associates now owns 92,450 shares of the transportation company’s stock worth $36,855,000 after purchasing an additional 653 shares during the period.

Wall Street Analysts Forecast Growth

SAIA has been the subject of a number of research reports. BMO Capital Markets increased their target price on shares of Saia from $450.00 to $515.00 and gave the stock a “market perform” rating in a research report on Monday, February 5th. UBS Group raised their price objective on shares of Saia from $475.00 to $618.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Wolfe Research lowered shares of Saia from an “outperform” rating to a “peer perform” rating in a research report on Thursday, April 11th. Susquehanna raised their price objective on shares of Saia from $500.00 to $625.00 and gave the company a “positive” rating in a research report on Thursday, February 8th. Finally, Bank of America raised their price objective on shares of Saia from $600.00 to $645.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $500.84.

Insider Buying and Selling

In related news, CEO Frederick J. Holzgrefe III sold 7,500 shares of Saia stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $533.46, for a total value of $4,000,950.00. Following the transaction, the chief executive officer now directly owns 14,248 shares of the company’s stock, valued at $7,600,738.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Frederick J. Holzgrefe III sold 7,500 shares of Saia stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $533.46, for a total value of $4,000,950.00. Following the transaction, the chief executive officer now directly owns 14,248 shares of the company’s stock, valued at $7,600,738.08. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Rohit Lal sold 2,870 shares of Saia stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the completion of the sale, the vice president now owns 8,482 shares in the company, valued at approximately $4,551,017.10. The disclosure for this sale can be found here. Insiders have sold a total of 27,699 shares of company stock valued at $14,966,813 over the last three months. 0.30% of the stock is owned by company insiders.

Saia Stock Performance

SAIA stock opened at $546.28 on Wednesday. The company has a market capitalization of $14.53 billion, a PE ratio of 41.17, a price-to-earnings-growth ratio of 1.69 and a beta of 1.62. Saia, Inc. has a one year low of $244.69 and a one year high of $628.34. The company’s 50 day moving average price is $571.83 and its two-hundred day moving average price is $477.05.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, February 2nd. The transportation company reported $3.33 EPS for the quarter, topping the consensus estimate of $3.20 by $0.13. Saia had a net margin of 12.31% and a return on equity of 19.75%. The firm had revenue of $751.10 million for the quarter, compared to the consensus estimate of $745.48 million. During the same period last year, the firm posted $2.65 earnings per share. The business’s revenue was up 14.5% compared to the same quarter last year. On average, research analysts predict that Saia, Inc. will post 16.13 EPS for the current year.

About Saia

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.