Simplicity Solutions LLC Invests $287,000 in Saia, Inc. (NASDAQ:SAIA)

Simplicity Solutions LLC acquired a new position in Saia, Inc. (NASDAQ:SAIA) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 655 shares of the transportation company’s stock, valued at approximately $287,000.

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

Saia Stock Performance

NASDAQ:SAIA opened at $517.51 on Friday. The company has a fifty day moving average of $572.59 and a two-hundred day moving average of $475.68. The stock has a market capitalization of $13.76 billion, a PE ratio of 39.00, a P/E/G ratio of 1.69 and a beta of 1.62. Saia, Inc. has a fifty-two week low of $244.69 and a fifty-two week high of $628.34.

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 analysts’ consensus estimates of $3.20 by $0.13. Saia had a net margin of 12.31% and a return on equity of 19.75%. The business had revenue of $751.10 million during the quarter, compared to analyst estimates of $745.48 million. During the same quarter in the prior year, the firm earned $2.65 earnings per share. The company’s revenue for the quarter was up 14.5% compared to the same quarter last year. Research analysts forecast that Saia, Inc. will post 16.13 earnings per share for the current year.

Insider Transactions at Saia

In other news, CFO Douglas L. Col sold 1,812 shares of the company’s stock in a transaction on Tuesday, February 13th. The shares were 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 of the company’s stock, valued at $3,136,228.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Saia news, CFO Douglas L. Col sold 1,812 shares of Saia stock in a transaction dated Tuesday, February 13th. The shares were 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 directly owns 5,623 shares in the company, valued at $3,136,228.25. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP Rohit Lal sold 2,870 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the completion of the transaction, the vice president now directly owns 8,482 shares of the company’s stock, valued at approximately $4,551,017.10. The disclosure for this sale can be found here. Insiders sold 27,699 shares of company stock valued at $14,966,813 over the last 90 days. 0.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

SAIA has been the subject of several research analyst reports. Benchmark raised their target price on shares of Saia from $575.00 to $625.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. The Goldman Sachs Group lifted their price objective on shares of Saia from $504.00 to $567.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. BMO Capital Markets lifted their price objective on shares of Saia from $450.00 to $515.00 and gave the company a “market perform” rating in a report on Monday, February 5th. Bank of America lifted their price objective on shares of Saia from $600.00 to $645.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Finally, Wolfe Research lowered shares of Saia from an “outperform” rating to a “peer perform” rating in a report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $500.84.

About Saia

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.