Cerity Partners LLC Makes New Investment in Saia, Inc. (NASDAQ:SAIA)

Cerity Partners LLC bought a new position in shares of Saia, Inc. (NASDAQ:SAIA) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 1,019 shares of the transportation company’s stock, valued at approximately $447,000.

Several other hedge funds have also recently bought and sold shares of the stock. Allworth Financial LP raised its holdings in Saia by 13.3% during 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. Commonwealth Equity Services LLC raised its holdings in Saia by 1.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,549 shares of the transportation company’s stock worth $618,000 after buying an additional 29 shares during the period. Park Place Capital Corp raised its holdings in shares of Saia by 11.1% in the fourth quarter. Park Place Capital Corp now owns 319 shares of the transportation company’s stock valued at $140,000 after purchasing an additional 32 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of Saia by 1.3% in the third quarter. HighTower Advisors LLC now owns 2,947 shares of the transportation company’s stock valued at $1,181,000 after purchasing an additional 39 shares during the last quarter. Finally, M&T Bank Corp raised its holdings in shares of Saia by 0.8% in the third quarter. M&T Bank Corp now owns 5,133 shares of the transportation company’s stock valued at $2,046,000 after purchasing an additional 43 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on SAIA. JPMorgan Chase & Co. began coverage on shares of Saia in a report on Monday, March 11th. They issued an “overweight” rating and a $676.00 price objective on the stock. Raymond James lifted their price objective on shares of Saia from $565.00 to $604.00 and gave the company an “outperform” rating in a report on Monday, April 15th. Susquehanna lifted their price objective on shares of Saia from $500.00 to $625.00 and gave the company a “positive” rating in a report on Thursday, February 8th. UBS Group lifted their price objective on shares of Saia from $475.00 to $618.00 and gave the company a “buy” rating in a report on Monday, February 5th. Finally, Stifel Nicolaus downgraded shares of Saia from a “buy” rating to a “hold” rating and lifted their price objective for the company from $484.00 to $526.00 in a report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $500.84.

Insiders Place Their Bets

In other Saia news, VP Rohit Lal sold 2,870 shares of Saia stock in a transaction 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 $4,551,017.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, VP Rohit Lal sold 2,870 shares of the business’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total value of $1,539,898.50. Following the completion of the sale, the vice president now owns 8,482 shares of the company’s stock, valued at $4,551,017.10. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Raymond R. Ramu sold 1,943 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $565.83, for a total transaction of $1,099,407.69. Following the completion of the sale, the vice president now directly owns 4,447 shares of the company’s stock, valued at approximately $2,516,246.01. The disclosure for this sale can be found here. Insiders sold a total of 27,699 shares of company stock valued at $14,966,813 over the last ninety days. 0.30% of the stock is currently owned by company insiders.

Saia Price Performance

SAIA stock opened at $543.02 on Friday. The company has a fifty day moving average price of $570.97 and a two-hundred day moving average price of $478.40. Saia, Inc. has a one year low of $244.69 and a one year high of $628.34. The stock has a market cap of $14.44 billion, a price-to-earnings ratio of 40.51, a price-to-earnings-growth ratio of 1.77 and a beta of 1.62.

Saia (NASDAQ:SAIA) last released its quarterly earnings data 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 net margin of 12.31% and a return on equity of 19.75%. The firm had revenue of $751.10 million during the quarter, compared to analysts’ expectations of $745.48 million. During the same period in the previous year, the business posted $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 anticipate that Saia, Inc. will post 16.13 EPS 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.