Wealth Alliance Takes $211,000 Position in Saia, Inc. (NASDAQ:SAIA)

Wealth Alliance purchased a new stake in shares of Saia, Inc. (NASDAQ:SAIA) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 482 shares of the transportation company’s stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SAIA. Contravisory Investment Management Inc. bought a new position in shares of Saia during the fourth quarter valued at $26,000. KB Financial Partners LLC bought a new position in shares of Saia during the first quarter valued at $28,000. NBC Securities Inc. bought a new position in shares of Saia during the third quarter valued at $54,000. Harvest Fund Management Co. Ltd bought a new position in shares of Saia during the third quarter valued at $59,000. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Saia during the third quarter valued at $60,000.

Insider Buying and Selling

In related news, CFO Douglas L. Col sold 1,812 shares of the stock in a transaction dated 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 sale, the chief financial officer now owns 5,623 shares in the company, valued at $3,136,228.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Donna E. Epps sold 400 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 1,583 shares of the company’s stock, valued at $894,616.62. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Douglas L. Col sold 1,812 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $557.75, for a total value of $1,010,643.00. Following the transaction, the chief financial officer now directly owns 5,623 shares of the company’s stock, valued at $3,136,228.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,699 shares of company stock worth $14,966,813. 0.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

SAIA has been the topic of a number of research analyst reports. Susquehanna upped their price target on Saia from $500.00 to $625.00 and gave the company a “positive” rating in a report on Thursday, February 8th. BMO Capital Markets upped their price objective on Saia from $450.00 to $515.00 and gave the company a “market perform” rating in a research report on Monday, February 5th. JPMorgan Chase & Co. started coverage on Saia in a research report on Monday, March 11th. They set an “overweight” rating and a $676.00 price objective for the company. The Goldman Sachs Group upped their price objective on Saia from $504.00 to $567.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Finally, Raymond James upped their price objective on Saia from $565.00 to $604.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. 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 stock. According to MarketBeat, Saia presently has an average rating of “Moderate Buy” and a consensus target price of $500.84.

Saia Trading Down 1.0 %

NASDAQ:SAIA opened at $517.51 on Friday. Saia, Inc. has a 12-month low of $244.69 and a 12-month high of $628.34. The stock has a 50-day moving average price of $572.59 and a 200 day moving average price of $475.17. The stock has a market capitalization of $13.76 billion, a P/E ratio of 39.00, a P/E/G ratio of 1.69 and a beta of 1.62.

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