Signaturefd LLC Purchases 36 Shares of Saia, Inc. (NASDAQ:SAIA)

Signaturefd LLC raised its position in Saia, Inc. (NASDAQ:SAIA) by 18.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 228 shares of the transportation company’s stock after acquiring an additional 36 shares during the period. Signaturefd LLC’s holdings in Saia were worth $100,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in SAIA. Commonwealth Equity Services LLC raised its stake in Saia by 1.9% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,549 shares of the transportation company’s stock valued at $618,000 after acquiring an additional 29 shares during the period. Raymond James & Associates raised its position in shares of Saia by 0.7% in the third quarter. Raymond James & Associates now owns 92,450 shares of the transportation company’s stock valued at $36,855,000 after purchasing an additional 653 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in shares of Saia by 331.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 3,817 shares of the transportation company’s stock valued at $1,522,000 after buying an additional 2,932 shares in the last quarter. New York State Teachers Retirement System boosted its holdings in Saia by 3.9% in the 3rd quarter. New York State Teachers Retirement System now owns 24,175 shares of the transportation company’s stock worth $9,637,000 after buying an additional 900 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Saia by 16.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,216 shares of the transportation company’s stock valued at $2,079,000 after buying an additional 728 shares in the last quarter.

Saia Price Performance

Shares of Saia stock opened at $416.10 on Tuesday. The business’s 50-day moving average price is $566.04 and its 200-day moving average price is $479.86. The firm has a market capitalization of $11.06 billion, a PE ratio of 30.15, a price-to-earnings-growth ratio of 1.39 and a beta of 1.62. Saia, Inc. has a 12 month low of $266.91 and a 12 month high of $628.34. The company has a current ratio of 1.23, a quick ratio of 2.01 and a debt-to-equity ratio of 0.04.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, April 26th. The transportation company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.43 by ($0.05). Saia had a return on equity of 19.53% and a net margin of 12.42%. The business had revenue of $754.80 million for the quarter, compared to analysts’ expectations of $772.36 million. During the same period last year, the business posted $2.85 earnings per share. The company’s revenue was up 14.3% compared to the same quarter last year. Sell-side analysts forecast that Saia, Inc. will post 16.13 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. TD Cowen dropped their target price on Saia from $528.00 to $473.00 and set a “hold” rating on the stock in a research report on Monday. UBS Group dropped their price objective on Saia from $618.00 to $541.00 and set a “buy” rating on the stock in a report on Monday. Stifel Nicolaus lowered Saia from a “buy” rating to a “hold” rating and lifted their target price for the company from $484.00 to $526.00 in a report on Tuesday, February 6th. The Goldman Sachs Group increased their price target on shares of Saia from $504.00 to $567.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Finally, Benchmark boosted their price objective 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. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $481.50.

Insider Buying and Selling at Saia

In other news, VP Rohit Lal sold 2,870 shares of Saia stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $536.55, for a total value of $1,539,898.50. Following the transaction, the vice president now owns 8,482 shares in the company, valued at $4,551,017.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Saia news, CFO Douglas L. Col sold 1,743 shares of the stock in a transaction on 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 sale, the chief financial officer now owns 6,854 shares of the company’s stock, valued at approximately $3,680,049.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $1,539,898.50. Following the completion of the transaction, the vice president now owns 8,482 shares in the company, valued at approximately $4,551,017.10. The disclosure for this sale can be found here. Insiders sold a total of 27,699 shares of company stock worth $14,966,813 over the last three months. Company insiders own 0.30% of the company’s stock.

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.