Bleakley Financial Group LLC Invests $290,000 in Saia, Inc. (NASDAQ:SAIA)

Bleakley Financial Group LLC bought a new position in Saia, Inc. (NASDAQ:SAIA) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 661 shares of the transportation company’s stock, valued at approximately $290,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vaughan Nelson Investment Management L.P. grew its position in shares of Saia by 53.1% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 663,265 shares of the transportation company’s stock worth $290,655,000 after buying an additional 230,058 shares during the period. DekaBank Deutsche Girozentrale purchased a new stake in shares of Saia in the 4th quarter worth about $221,000. Allworth Financial LP grew its position in shares of Saia by 13.3% in the 4th quarter. Allworth Financial LP now owns 221 shares of the transportation company’s stock worth $97,000 after buying an additional 26 shares during the period. Park Place Capital Corp grew its position in shares of Saia by 11.1% in the 4th quarter. Park Place Capital Corp now owns 319 shares of the transportation company’s stock worth $140,000 after buying an additional 32 shares during the period. Finally, International Assets Investment Management LLC grew its position in shares of Saia by 26,722.4% in the 4th quarter. International Assets Investment Management LLC now owns 31,114 shares of the transportation company’s stock worth $13,635,000 after buying an additional 30,998 shares during the period.

Saia Stock Down 0.1 %

Shares of NASDAQ:SAIA opened at $576.97 on Tuesday. The firm’s 50 day moving average price is $573.54 and its 200-day moving average price is $472.43. Saia, Inc. has a twelve month low of $244.69 and a twelve month high of $628.34. The stock has a market capitalization of $15.34 billion, a PE ratio of 43.48, a price-to-earnings-growth ratio of 1.87 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 the consensus estimate of $3.20 by $0.13. Saia had a net margin of 12.31% and a return on equity of 19.75%. The firm had revenue of $751.10 million for the quarter, compared to analysts’ expectations of $745.48 million. During the same quarter in the prior year, the business earned $2.65 EPS. The business’s quarterly revenue was up 14.5% on a year-over-year basis. Analysts expect that Saia, Inc. will post 16.12 earnings per share for the current fiscal year.

Insider Transactions at Saia

In related news, CEO Frederick J. Holzgrefe III sold 7,500 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $533.46, for a total value of $4,000,950.00. Following the completion of the sale, the chief executive officer now directly owns 14,248 shares of the company’s stock, valued at approximately $7,600,738.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Donna E. Epps sold 400 shares of the stock in a transaction that occurred 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 of the company’s stock, valued at approximately $894,616.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Frederick J. Holzgrefe III sold 7,500 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $533.46, for a total transaction of $4,000,950.00. Following the completion of the sale, the chief executive officer now directly owns 14,248 shares of the company’s stock, valued at $7,600,738.08. The disclosure for this sale can be found here. Insiders have sold 27,699 shares of company stock worth $14,966,813 in the last quarter. Company insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently commented on SAIA. Raymond James increased their price objective on shares of Saia from $565.00 to $604.00 and gave the company an “outperform” rating in a research report on Monday. Benchmark increased their price objective on shares of Saia from $575.00 to $625.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. UBS Group increased their price objective on shares of Saia from $475.00 to $618.00 and gave the company a “buy” rating in a research report on Monday, February 5th. Bank of America increased their price objective on shares of Saia from $600.00 to $645.00 and gave the company a “buy” rating in a research report on Tuesday, March 5th. Finally, Wolfe Research downgraded shares of Saia from an “outperform” rating to a “peer perform” rating in a research report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Saia presently has a consensus rating of “Moderate Buy” and a consensus target price of $500.84.

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.