Cerity Partners LLC Acquires New Holdings in Saia, Inc. (NASDAQ:SAIA)

Cerity Partners LLC acquired a new stake in Saia, Inc. (NASDAQ:SAIA) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 1,019 shares of the transportation company’s stock, valued at approximately $447,000.

Several other hedge funds have also recently bought and sold shares of SAIA. Contravisory Investment Management Inc. bought a new stake in shares of Saia during the 4th quarter worth about $26,000. NBC Securities Inc. purchased a new position in shares of Saia in the third quarter worth approximately $54,000. Harvest Fund Management Co. Ltd purchased a new position in shares of Saia in the third quarter worth approximately $59,000. Cullen Frost Bankers Inc. purchased a new position in shares of Saia in the third quarter worth approximately $60,000. Finally, RiverPark Advisors LLC purchased a new position in shares of Saia in the third quarter worth approximately $75,000.

Insider Transactions at Saia

In other news, Director Donna E. Epps sold 400 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $565.14, for a total value of $226,056.00. Following the completion of the sale, the director now directly owns 1,583 shares in the company, valued at $894,616.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Richard D. Odell sold 10,000 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $536.75, for a total transaction of $5,367,500.00. Following the transaction, the director now owns 5,989 shares of the company’s stock, valued at $3,214,595.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Donna E. Epps sold 400 shares of the business’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $565.14, for a total transaction of $226,056.00. Following the transaction, the director now directly owns 1,583 shares in the company, valued at approximately $894,616.62. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,699 shares of company stock worth $14,966,813. 0.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Benchmark lifted their target price on shares of Saia from $575.00 to $625.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. Raymond James lifted their target price on shares of Saia from $565.00 to $604.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. The Goldman Sachs Group raised their price target on shares of Saia from $504.00 to $567.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. UBS Group raised their price target on shares of Saia from $475.00 to $618.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Finally, Susquehanna raised their price target on shares of Saia from $500.00 to $625.00 and gave the stock a “positive” rating in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, Saia presently has an average rating of “Moderate Buy” and an average price target of $500.84.

Saia Stock Up 2.9 %

NASDAQ SAIA opened at $543.02 on Friday. The company has a 50 day moving average price of $570.97 and a two-hundred day moving average price of $478.40. Saia, Inc. has a 12-month low of $244.69 and a 12-month high of $628.34. The stock has a market capitalization of $14.44 billion, a PE ratio of 40.51, a price-to-earnings-growth ratio of 1.77 and a beta of 1.62.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Friday, February 2nd. The transportation company reported $3.33 earnings per share for the quarter, topping analysts’ consensus estimates of $3.20 by $0.13. Saia had a net margin of 12.31% and a return on equity of 19.75%. The business had revenue of $751.10 million during the quarter, compared to analysts’ expectations of $745.48 million. During the same period in the previous year, the company earned $2.65 earnings per share. Saia’s revenue for the quarter was up 14.5% on a year-over-year basis. As a group, equities analysts anticipate that Saia, Inc. will post 16.13 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.