Saia, Inc. (NASDAQ:SAIA) Shares Bought by Van ECK Associates Corp

Van ECK Associates Corp lifted its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 32.2% during the 4th quarter, Holdings Channel reports. The firm owned 7,666 shares of the transportation company’s stock after buying an additional 1,866 shares during the period. Van ECK Associates Corp’s holdings in Saia were worth $3,359,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in SAIA. Contravisory Investment Management Inc. acquired a new stake in Saia during the 4th quarter worth approximately $26,000. GAMMA Investing LLC purchased a new position in Saia in the fourth quarter valued at $43,000. NBC Securities Inc. acquired a new position in Saia during the 3rd quarter worth $54,000. Harvest Fund Management Co. Ltd purchased a new stake in Saia during the 3rd quarter worth about $59,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in Saia in the 3rd quarter valued at about $60,000.

Analyst Ratings Changes

A number of research firms recently weighed in on SAIA. BMO Capital Markets cut their target price on shares of Saia from $575.00 to $490.00 and set a “market perform” rating on the stock in a research note on Monday, April 29th. Benchmark raised their price objective on shares of Saia from $575.00 to $625.00 and gave the company a “buy” rating in a report on Thursday, March 21st. JPMorgan Chase & Co. lowered their target price on shares of Saia from $676.00 to $580.00 and set an “overweight” rating for the company in a research note on Monday, April 29th. UBS Group cut their price target on Saia from $618.00 to $541.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Finally, TD Cowen lowered their price objective on Saia from $528.00 to $473.00 and set a “hold” rating for the company in a research report on Monday, April 29th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $497.22.

Insider Buying and Selling

In other Saia news, Director John P. Gainor, Jr. acquired 500 shares of the stock in a transaction on Thursday, May 2nd. The shares were bought at an average price of $407.00 per share, with a total value of $203,500.00. Following the acquisition, the director now owns 900 shares of the company’s stock, valued at $366,300. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Saia news, Director John P. Gainor, Jr. bought 500 shares of Saia stock in a transaction on Thursday, May 2nd. The stock was bought at an average price of $407.00 per share, with a total value of $203,500.00. Following the completion of the acquisition, the director now owns 900 shares in the company, valued at $366,300. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Patrick D. Sugar sold 1,431 shares of the stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $549.62, for a total transaction of $786,506.22. Following the completion of the transaction, the executive vice president now owns 7,442 shares of the company’s stock, valued at approximately $4,090,272.04. The disclosure for this sale can be found here. Insiders sold 5,586 shares of company stock valued at $3,122,613 over the last ninety days. Corporate insiders own 0.30% of the company’s stock.

Saia Trading Down 1.7 %

Shares of SAIA stock opened at $393.26 on Tuesday. Saia, Inc. has a twelve month low of $266.91 and a twelve month high of $628.34. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.04. The business’s 50 day moving average is $550.41 and its two-hundred day moving average is $480.00. The company has a market capitalization of $10.46 billion, a P/E ratio of 28.50, a price-to-earnings-growth ratio of 1.26 and a beta of 1.71.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, April 26th. The transportation company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.43 by ($0.05). Saia had a net margin of 12.42% and a return on equity of 19.53%. The firm had revenue of $754.80 million during the quarter, compared to analyst estimates of $772.36 million. During the same period in the prior year, the firm posted $2.85 earnings per share. The business’s quarterly revenue was up 14.3% compared to the same quarter last year. Equities analysts forecast that Saia, Inc. will post 15.38 EPS for the current year.

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.