Saia, Inc. (NASDAQ:SAIA) Shares Purchased by Bleakley Financial Group LLC

Bleakley Financial Group LLC lifted its holdings in Saia, Inc. (NASDAQ:SAIA) by 27.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 874 shares of the transportation company’s stock after purchasing an additional 189 shares during the quarter. Bleakley Financial Group LLC’s holdings in Saia were worth $398,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SAIA. Redhawk Wealth Advisors Inc. boosted its position in shares of Saia by 4.4% in the 3rd quarter. Redhawk Wealth Advisors Inc. now owns 6,500 shares of the transportation company’s stock worth $2,842,000 after purchasing an additional 272 shares in the last quarter. Paladin Wealth LLC acquired a new stake in shares of Saia in the 3rd quarter worth $40,000. ZWJ Investment Counsel Inc. boosted its position in shares of Saia by 9.7% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 58,226 shares of the transportation company’s stock worth $25,460,000 after purchasing an additional 5,172 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Saia by 319.1% in the 3rd quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock worth $135,000 after purchasing an additional 217 shares in the last quarter. Finally, Raymond James & Associates boosted its position in shares of Saia by 4.6% in the 3rd quarter. Raymond James & Associates now owns 102,837 shares of the transportation company’s stock worth $44,966,000 after purchasing an additional 4,548 shares in the last quarter.

Saia Price Performance

Shares of Saia stock opened at $495.99 on Tuesday. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. Saia, Inc. has a twelve month low of $358.90 and a twelve month high of $628.34. The business has a 50-day moving average price of $489.84 and a 200 day moving average price of $462.00. The firm has a market cap of $13.19 billion, a PE ratio of 36.71, a P/E/G ratio of 2.51 and a beta of 1.79.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing the consensus estimate of $2.87 by ($0.03). Saia had a net margin of 11.28% and a return on equity of 16.63%. The business had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $794.69 million. During the same quarter in the prior year, the firm earned $3.33 EPS. Saia’s revenue for the quarter was up 5.0% on a year-over-year basis. Sell-side analysts predict that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Rohit Lal sold 1,120 shares of Saia stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $560.00, for a total value of $627,200.00. Following the sale, the executive vice president now directly owns 8,270 shares in the company, valued at approximately $4,631,200. The trade was a 11.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on SAIA shares. Barclays lowered their price objective on Saia from $620.00 to $600.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. The Goldman Sachs Group lifted their price target on Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Raymond James lowered their price target on Saia from $560.00 to $540.00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th. JPMorgan Chase & Co. lowered their price target on Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Finally, Bank of America lowered their price target on Saia from $600.00 to $565.00 and set a “buy” rating for the company in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $535.41.

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.