Axxcess Wealth Management LLC Boosts Stake in Saia, Inc. (NASDAQ:SAIA)

Axxcess Wealth Management LLC lifted its holdings in Saia, Inc. (NASDAQ:SAIA) by 6.1% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 610 shares of the transportation company’s stock after acquiring an additional 35 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Saia were worth $267,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of SAIA. Contravisory Investment Management Inc. purchased a new stake in Saia during the fourth quarter worth about $26,000. GAMMA Investing LLC purchased a new stake in shares of Saia during the 4th quarter worth approximately $43,000. Benjamin F. Edwards & Company Inc. bought a new stake in shares of Saia in the 4th quarter worth approximately $58,000. NBC Securities Inc. purchased a new position in Saia in the third quarter valued at approximately $54,000. Finally, Harvest Fund Management Co. Ltd bought a new position in Saia during the third quarter valued at $59,000.

Saia Trading Down 0.7 %

NASDAQ SAIA opened at $410.50 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.04. The stock’s 50-day simple moving average is $540.85 and its two-hundred day simple moving average is $479.22. Saia, Inc. has a twelve month low of $266.91 and a twelve month high of $628.34. The company has a market capitalization of $10.91 billion, a price-to-earnings ratio of 29.75, a PEG ratio of 1.26 and a beta of 1.71.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, April 26th. The transportation company reported $3.38 earnings per share for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.05). Saia had a net margin of 12.42% and a return on equity of 19.53%. The firm had revenue of $754.80 million for the quarter, compared to analysts’ expectations of $772.36 million. During the same period in the prior year, the business posted $2.85 earnings per share. The business’s quarterly revenue was up 14.3% on a year-over-year basis. Research analysts forecast that Saia, Inc. will post 15.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SAIA shares. UBS Group cut their target price on shares of Saia from $618.00 to $541.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Bank of America reduced their price target on Saia from $645.00 to $484.00 and set a “buy” rating for the company in a research report on Monday, April 29th. StockNews.com cut Saia from a “hold” rating to a “sell” rating in a report on Monday, April 29th. JPMorgan Chase & Co. reduced their target price on Saia from $676.00 to $580.00 and set an “overweight” rating for the company in a report on Monday, April 29th. Finally, Raymond James increased their price target on shares of Saia from $565.00 to $604.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Saia has an average rating of “Hold” and a consensus price target of $497.22.

Insider Activity

In related news, Director John P. Gainor, Jr. purchased 500 shares of Saia stock in a transaction that occurred on Thursday, May 2nd. The shares were acquired at an average cost of $407.00 per share, for a total transaction of $203,500.00. Following the transaction, the director now directly owns 900 shares in the company, valued at $366,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director John P. Gainor, Jr. acquired 500 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was purchased at an average price of $407.00 per share, with a total value of $203,500.00. Following the completion of the purchase, the director now owns 900 shares in the company, valued at approximately $366,300. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Douglas L. Col sold 1,812 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The stock was sold at an average price of $557.75, for a total transaction of $1,010,643.00. Following the completion of the transaction, the chief financial officer now owns 5,623 shares in the company, valued at approximately $3,136,228.25. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by corporate insiders.

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.