Covestor Ltd Increases Stake in Saia, Inc. (NASDAQ:SAIA)

Covestor Ltd increased its position in shares of Saia, Inc. (NASDAQ:SAIA) by 30.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 271 shares of the transportation company’s stock after purchasing an additional 63 shares during the period. Covestor Ltd’s holdings in Saia were worth $124,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Saia by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 2,522,938 shares of the transportation company’s stock valued at $1,149,779,000 after acquiring an additional 25,090 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Saia by 69.3% in the fourth quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company’s stock worth $883,941,000 after purchasing an additional 794,197 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Saia by 1.4% in the third quarter. Geode Capital Management LLC now owns 471,667 shares of the transportation company’s stock worth $206,292,000 after purchasing an additional 6,456 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in Saia by 4.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 261,803 shares of the transportation company’s stock worth $116,670,000 after buying an additional 11,177 shares during the period. Finally, Artemis Investment Management LLP lifted its holdings in Saia by 72.9% during the 4th quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company’s stock valued at $113,833,000 after buying an additional 105,356 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Citigroup reduced their target price on shares of Saia from $498.00 to $435.00 and set a “buy” rating on the stock in a research report on Tuesday. BMO Capital Markets upgraded Saia from a “market perform” rating to an “outperform” rating and set a $455.00 price objective on the stock in a report on Monday. Raymond James decreased their target price on Saia from $540.00 to $455.00 and set an “outperform” rating for the company in a research report on Tuesday. Deutsche Bank Aktiengesellschaft started coverage on Saia in a research report on Friday, March 7th. They set a “buy” rating and a $570.00 price target on the stock. Finally, Barclays decreased their price objective on Saia from $535.00 to $475.00 and set an “overweight” rating for the company in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Saia presently has an average rating of “Moderate Buy” and an average price target of $486.83.

Insiders Place Their Bets

In related news, CFO Matthew J. Batteh sold 700 shares of Saia stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total transaction of $350,063.00. Following the completion of the sale, the chief financial officer now owns 3,326 shares of the company’s stock, valued at $1,663,299.34. The trade was a 17.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Patrick D. Sugar sold 799 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $493.74, for a total transaction of $394,498.26. Following the completion of the transaction, the executive vice president now owns 8,629 shares in the company, valued at approximately $4,260,482.46. This trade represents a 8.47 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,493 shares of company stock valued at $4,646,181. Insiders own 0.30% of the company’s stock.

Saia Stock Down 6.0 %

Shares of SAIA stock opened at $330.37 on Friday. The stock’s fifty day moving average price is $396.39 and its 200 day moving average price is $456.60. Saia, Inc. has a 1-year low of $287.50 and a 1-year high of $624.55. The company has a market cap of $8.80 billion, a price-to-earnings ratio of 24.45, a price-to-earnings-growth ratio of 2.24 and a beta of 1.99. 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 (NASDAQ:SAIA) last issued its quarterly earnings results 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 business had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. Saia’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.33 EPS. On average, research analysts expect that Saia, Inc. will post 15.46 earnings per share for the current fiscal 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.