Saia, Inc. (NASDAQ:SAIA) Shares Purchased by Corient Private Wealth LLC

Corient Private Wealth LLC raised its holdings in Saia, Inc. (NASDAQ:SAIA) by 10.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 2,721 shares of the transportation company’s stock after buying an additional 257 shares during the period. Corient Private Wealth LLC’s holdings in Saia were worth $1,240,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its stake in shares of Saia by 3.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 744 shares of the transportation company’s stock worth $339,000 after buying an additional 26 shares during the last quarter. Arizona State Retirement System grew its holdings in Saia by 0.4% during the 4th quarter. Arizona State Retirement System now owns 7,685 shares of the transportation company’s stock worth $3,502,000 after acquiring an additional 29 shares in the last quarter. Avantax Advisory Services Inc. increased its position in shares of Saia by 4.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 678 shares of the transportation company’s stock worth $309,000 after purchasing an additional 30 shares during the last quarter. UMB Bank n.a. raised its stake in shares of Saia by 1.0% in the 4th quarter. UMB Bank n.a. now owns 3,707 shares of the transportation company’s stock valued at $1,689,000 after purchasing an additional 37 shares in the last quarter. Finally, Avior Wealth Management LLC raised its stake in shares of Saia by 3.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,171 shares of the transportation company’s stock valued at $534,000 after purchasing an additional 37 shares in the last quarter.

Saia Stock Down 0.4 %

Shares of Saia stock opened at $377.04 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. Saia, Inc. has a 1-year low of $342.68 and a 1-year high of $624.55. The business’s fifty day moving average price is $436.61 and its two-hundred day moving average price is $465.39. The company has a market capitalization of $10.04 billion, a P/E ratio of 27.91, a PEG ratio of 2.24 and a beta of 1.89.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data 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). The company had revenue of $789.00 million for the quarter, compared to the consensus estimate of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. Saia’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.33 earnings per share. As a group, research analysts forecast that Saia, Inc. will post 15.46 EPS for the current year.

Insider Transactions at Saia

In other Saia news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the company’s stock in a transaction on 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 approximately $8,599,114.30. This represents a 29.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Patrick D. Sugar sold 799 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $493.74, for a total value of $394,498.26. Following the sale, the executive vice president now directly owns 8,629 shares of the company’s stock, valued at approximately $4,260,482.46. This represents a 8.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,493 shares of company stock valued at $4,646,181. Company insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

SAIA has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on Saia in a report on Friday, March 7th. They issued a “buy” rating and a $570.00 price objective for the company. Bank of America lowered their price target on Saia from $565.00 to $484.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. The Goldman Sachs Group raised their price objective on Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Raymond James lowered their target price on shares of Saia from $560.00 to $540.00 and set an “outperform” rating for the company in a research note on Tuesday, February 4th. Finally, Cowen restated a “hold” rating on shares of Saia in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $526.39.

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.