Global Retirement Partners LLC Acquires 43 Shares of Saia, Inc. (NASDAQ:SAIA)

Global Retirement Partners LLC grew its holdings in Saia, Inc. (NASDAQ:SAIA) by 6.8% in the 4th quarter, Holdings Channel reports. The fund owned 671 shares of the transportation company’s stock after purchasing an additional 43 shares during the quarter. Global Retirement Partners LLC’s holdings in Saia were worth $306,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of SAIA. Kestra Investment Management LLC acquired a new position in shares of Saia in the 4th quarter valued at approximately $25,000. Blue Trust Inc. lifted its stake in Saia by 319.1% in the third quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock valued at $135,000 after buying an additional 217 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Saia by 148.0% in the fourth quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock valued at $167,000 after buying an additional 219 shares during the period. Rehmann Capital Advisory Group acquired a new position in shares of Saia in the third quarter valued at approximately $213,000. Finally, Apollon Wealth Management LLC bought a new stake in shares of Saia during the fourth quarter worth $252,000.

Saia Trading Up 3.4 %

Shares of NASDAQ:SAIA opened at $420.35 on Tuesday. Saia, Inc. has a 52-week low of $358.90 and a 52-week high of $628.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. The company has a market capitalization of $11.18 billion, a P/E ratio of 31.11, a price-to-earnings-growth ratio of 2.24 and a beta of 1.79. The company has a 50-day simple moving average of $478.16 and a 200 day simple moving average of $467.40.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $794.69 million. During the same period in the previous year, the business earned $3.33 earnings per share. The business’s quarterly revenue was up 5.0% on a year-over-year basis. Sell-side analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on SAIA shares. BMO Capital Markets boosted their price objective on shares of Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a research report on Monday, October 28th. Susquehanna boosted their price target on Saia from $530.00 to $540.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Cowen reaffirmed a “hold” rating on shares of Saia in a research report on Tuesday, February 4th. The Goldman Sachs Group lifted their target price on Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Finally, Stifel Nicolaus raised Saia from a “hold” rating to a “buy” rating and set a $524.00 price target for the company in a research report on Monday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Saia currently has a consensus rating of “Moderate Buy” and an average price target of $535.12.

Insider Buying and Selling at Saia

In other news, EVP Patrick D. Sugar sold 799 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $493.74, for a total value of $394,498.26. Following the transaction, the executive vice president now owns 8,629 shares of the company’s stock, valued at approximately $4,260,482.46. This represents a 8.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of Saia stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $487.34, for a total value of $3,671,619.56. Following the sale, the chief executive officer now directly owns 17,645 shares of the company’s stock, valued at approximately $8,599,114.30. The trade was a 29.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,493 shares of company stock valued at $4,646,181 in the last quarter. 0.30% of the stock is currently owned by insiders.

About Saia

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.