Bison Wealth LLC Invests $245,000 in Saia, Inc. (NASDAQ:SAIA)

Bison Wealth LLC bought a new stake in Saia, Inc. (NASDAQ:SAIA) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 560 shares of the transportation company’s stock, valued at approximately $245,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of SAIA. HighTower Advisors LLC bought a new position in Saia during the 1st quarter worth $422,000. Rhumbline Advisers lifted its stake in Saia by 2.9% in the first quarter. Rhumbline Advisers now owns 74,474 shares of the transportation company’s stock valued at $18,158,000 after buying an additional 2,083 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Saia by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,652 shares of the transportation company’s stock worth $2,353,000 after acquiring an additional 920 shares in the last quarter. APG Asset Management N.V. grew its stake in shares of Saia by 56.9% in the 1st quarter. APG Asset Management N.V. now owns 8,000 shares of the transportation company’s stock valued at $1,753,000 after buying an additional 2,900 shares during the period. Finally, Great West Life Assurance Co. Can increased its holdings in shares of Saia by 7.4% during the first quarter. Great West Life Assurance Co. Can now owns 14,397 shares of the transportation company’s stock valued at $3,608,000 after acquiring an additional 994 shares in the last quarter.

Insider Transactions at Saia

In other news, VP Rohit Lal sold 2,870 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Donna E. Epps sold 400 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $565.14, for a total value of $226,056.00. Following the transaction, the director now directly owns 1,583 shares of the company’s stock, valued at approximately $894,616.62. 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 stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the sale, 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. In the last 90 days, insiders have sold 27,699 shares of company stock valued at $14,966,813. Corporate insiders own 0.30% of the company’s stock.

Saia Price Performance

Shares of NASDAQ:SAIA opened at $541.29 on Thursday. The business’s 50 day moving average price is $574.16 and its 200-day moving average price is $474.02. Saia, Inc. has a 1 year low of $244.69 and a 1 year high of $628.34. The firm has a market capitalization of $14.39 billion, a PE ratio of 40.79, a P/E/G ratio of 1.80 and a beta of 1.62.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Friday, February 2nd. The transportation company reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.20 by $0.13. The firm had revenue of $751.10 million for the quarter, compared to analyst estimates of $745.48 million. Saia had a net margin of 12.31% and a return on equity of 19.75%. Saia’s revenue was up 14.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.65 EPS. As a group, analysts expect that Saia, Inc. will post 16.13 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. BMO Capital Markets boosted their price target on shares of Saia from $450.00 to $515.00 and gave the stock a “market perform” rating in a report on Monday, February 5th. Bank of America boosted their price objective on shares of Saia from $600.00 to $645.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Benchmark lifted their price objective on shares of Saia from $575.00 to $625.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. JPMorgan Chase & Co. began coverage on Saia in a research note on Monday, March 11th. They set an “overweight” rating and a $676.00 price objective on the stock. Finally, Stifel Nicolaus downgraded Saia from a “buy” rating to a “hold” rating and boosted their price target 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 given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $500.84.

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.