Pineridge Advisors LLC Takes $26,000 Position in Saia, Inc. (NASDAQ:SAIA)

Pineridge Advisors LLC bought a new position in Saia, Inc. (NASDAQ:SAIA) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 59 shares of the transportation company’s stock, valued at approximately $26,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SAIA. Cim LLC bought a new stake in shares of Saia in the fourth quarter worth about $247,000. Comerica Bank lifted its stake in Saia by 11.4% in the fourth quarter. Comerica Bank now owns 60,828 shares of the transportation company’s stock worth $26,656,000 after acquiring an additional 6,244 shares during the period. Icon Wealth Advisors LLC bought a new stake in Saia in the fourth quarter valued at $482,000. Wasatch Advisors LP increased its position in Saia by 1.5% during the 4th quarter. Wasatch Advisors LP now owns 567,925 shares of the transportation company’s stock valued at $248,876,000 after purchasing an additional 8,599 shares during the period. Finally, Candelo Capital Management LP purchased a new stake in shares of Saia in the 4th quarter worth about $3,111,000.

Insider Activity

In other Saia news, Director John P. Gainor, Jr. acquired 500 shares of the company’s stock in a transaction that occurred 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 completion of the acquisition, the director now owns 900 shares in the company, valued at approximately $366,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on SAIA shares. Stifel Nicolaus raised Saia from a “hold” rating to a “buy” rating and cut their price objective for the company from $526.00 to $475.00 in a research report on Friday, May 24th. Benchmark upped their price target on Saia from $575.00 to $625.00 and gave the stock a “buy” rating in a research note on Thursday, March 21st. Susquehanna lowered their price objective on Saia from $610.00 to $550.00 and set a “positive” rating for the company in a research report on Wednesday. The Goldman Sachs Group upped their target price on shares of Saia from $504.00 to $567.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Finally, Bank of America lowered their price target on shares of Saia from $645.00 to $484.00 and set a “buy” rating for the company in a research report on Monday, April 29th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $497.41.

Saia Stock Performance

NASDAQ:SAIA traded down $3.16 during trading hours on Friday, reaching $452.74. The company had a trading volume of 463,387 shares, compared to its average volume of 489,566. The firm has a market cap of $12.04 billion, a price-to-earnings ratio of 32.81, a PEG ratio of 1.62 and a beta of 1.70. 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 firm’s 50 day moving average price is $453.70 and its 200-day moving average price is $483.83. Saia, Inc. has a 52 week low of $302.35 and a 52 week high of $628.34.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data 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 firm had revenue of $754.80 million during the quarter, compared to the consensus estimate of $772.36 million. During the same period in the previous year, the firm earned $2.85 EPS. The business’s revenue was up 14.3% on a year-over-year basis. On average, analysts forecast that Saia, Inc. will post 15.26 EPS for the current 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.