Sequoia Financial Advisors LLC Takes Position in Saia, Inc. (NASDAQ:SAIA)

Sequoia Financial Advisors LLC purchased a new position in Saia, Inc. (NASDAQ:SAIA) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 503 shares of the transportation company’s stock, valued at approximately $220,000.

Other large investors also recently modified their holdings of the company. Contravisory Investment Management Inc. bought a new position in Saia in the fourth quarter valued at about $26,000. KB Financial Partners LLC purchased a new stake in shares of Saia during the 1st quarter valued at about $28,000. NBC Securities Inc. bought a new position in shares of Saia in the 3rd quarter worth approximately $54,000. Harvest Fund Management Co. Ltd bought a new position in shares of Saia in the 3rd quarter worth approximately $59,000. Finally, Cullen Frost Bankers Inc. purchased a new position in shares of Saia in the third quarter worth approximately $60,000.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. UBS Group increased their price target on shares of Saia from $475.00 to $618.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. The Goldman Sachs Group lifted their target price on Saia from $504.00 to $567.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Benchmark upped their price target on Saia from $575.00 to $625.00 and gave the stock a “buy” rating in a research report on Thursday, March 21st. Susquehanna lifted their price objective on Saia from $500.00 to $625.00 and gave the company a “positive” rating in a research report on Thursday, February 8th. Finally, Bank of America raised their target price on shares of Saia from $600.00 to $645.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Saia has a consensus rating of “Moderate Buy” and an average price target of $500.84.

Saia Stock Down 1.0 %

Shares of SAIA stock opened at $517.51 on Friday. The stock has a market cap of $13.76 billion, a P/E ratio of 39.00, a PEG ratio of 1.69 and a beta of 1.62. The company’s fifty day simple moving average is $572.59 and its two-hundred day simple moving average is $475.68. Saia, Inc. has a 52 week low of $244.69 and a 52 week high of $628.34.

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

Insider Transactions at Saia

In other 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 in the company, valued at approximately $894,616.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Donna E. Epps sold 400 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $565.14, for a total transaction of $226,056.00. Following the sale, the director now directly owns 1,583 shares in the company, valued at approximately $894,616.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Douglas L. Col sold 1,743 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $536.92, for a total transaction of $935,851.56. Following the completion of the transaction, the chief financial officer now directly owns 6,854 shares of the company’s stock, valued at approximately $3,680,049.68. The disclosure for this sale can be found here. Insiders have sold 27,699 shares of company stock valued at $14,966,813 in the last ninety days. Corporate insiders own 0.30% of the company’s stock.

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.