Envestnet Portfolio Solutions Inc. Purchases 169 Shares of Saia, Inc. (NASDAQ:SAIA)

Envestnet Portfolio Solutions Inc. lifted its position in Saia, Inc. (NASDAQ:SAIA) by 5.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,488 shares of the transportation company’s stock after purchasing an additional 169 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Saia were worth $1,590,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. CIBC Asset Management Inc raised its stake in shares of Saia by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company’s stock valued at $337,000 after buying an additional 26 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in Saia by 3.6% in the fourth quarter. EverSource Wealth Advisors LLC now owns 744 shares of the transportation company’s stock worth $339,000 after purchasing an additional 26 shares in the last quarter. Arizona State Retirement System lifted its stake in Saia by 0.4% during the fourth quarter. Arizona State Retirement System now owns 7,685 shares of the transportation company’s stock worth $3,502,000 after purchasing an additional 29 shares during the period. Avantax Advisory Services Inc. boosted its holdings in Saia by 4.6% during the fourth quarter. Avantax Advisory Services Inc. now owns 678 shares of the transportation company’s stock valued at $309,000 after purchasing an additional 30 shares in the last quarter. Finally, UMB Bank n.a. grew its stake in shares of Saia by 1.0% in the 4th quarter. UMB Bank n.a. now owns 3,707 shares of the transportation company’s stock valued at $1,689,000 after purchasing an additional 37 shares during the period.

Insider Buying and Selling

In other news, CFO Matthew J. Batteh sold 700 shares of Saia stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total transaction of $350,063.00. Following the transaction, the chief financial officer now directly owns 3,326 shares of the company’s stock, valued at $1,663,299.34. This trade represents a 17.39 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Kelly W. Benton sold 460 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total transaction of $230,000.00. Following the completion of the sale, the chief accounting officer now owns 4,287 shares of the company’s stock, valued at approximately $2,143,500. This represents a 9.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,493 shares of company stock valued at $4,646,181 over the last three months. Company insiders own 0.30% of the company’s stock.

Saia Stock Up 3.0 %

Shares of NASDAQ SAIA opened at $362.90 on Friday. Saia, Inc. has a 1 year low of $342.68 and a 1 year high of $624.55. The firm’s 50-day moving average is $442.22 and its 200-day moving average is $465.36. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $9.66 billion, a PE ratio of 26.86, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89.

Saia (NASDAQ:SAIA) last announced 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). The business had revenue of $789.00 million during the quarter, compared to the consensus estimate of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. Saia’s revenue was up 5.0% compared to the same quarter last year. During the same period in the previous year, the business posted $3.33 earnings per share. Equities analysts expect that Saia, Inc. will post 15.46 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on SAIA. The Goldman Sachs Group boosted their price target on Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a research note on Thursday, December 12th. Stifel Nicolaus raised shares of Saia from a “hold” rating to a “buy” rating and set a $524.00 target price on the stock in a report on Monday, February 24th. Citigroup cut their price target on shares of Saia from $544.00 to $498.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Deutsche Bank Aktiengesellschaft started coverage on shares of Saia in a research note on Friday, March 7th. They set a “buy” rating and a $570.00 price objective on the stock. Finally, Jefferies Financial Group lifted their target price on shares of Saia from $525.00 to $560.00 and gave the company a “buy” rating in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, Saia has a consensus rating of “Moderate Buy” and an average price target of $526.39.

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.