Wealth Alliance Buys New Position in Saia, Inc. (NASDAQ:SAIA)

Wealth Alliance purchased a new stake in Saia, Inc. (NASDAQ:SAIA) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 482 shares of the transportation company’s stock, valued at approximately $211,000.

Several other institutional investors have also recently added to or reduced their stakes in SAIA. Contravisory Investment Management Inc. acquired a new position in Saia in the fourth quarter valued at approximately $26,000. KB Financial Partners LLC acquired a new position in Saia in the first quarter valued at approximately $28,000. NBC Securities Inc. acquired a new position in Saia in the third quarter valued at approximately $54,000. Harvest Fund Management Co. Ltd acquired a new position in shares of Saia during the third quarter worth approximately $59,000. Finally, Cullen Frost Bankers Inc. acquired a new position in shares of Saia during the third quarter worth approximately $60,000.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SAIA shares. The Goldman Sachs Group upped their price target on Saia from $504.00 to $567.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Bank of America upped their price target on Saia from $600.00 to $645.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. BMO Capital Markets upped their price target on Saia from $450.00 to $515.00 and gave the stock a “market perform” rating in a report on Monday, February 5th. UBS Group upped their price target on Saia from $475.00 to $618.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Finally, Stifel Nicolaus downgraded Saia from a “buy” rating to a “hold” rating and upped their price target for the stock from $484.00 to $526.00 in a report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Saia has a consensus rating of “Moderate Buy” and a consensus target price of $500.84.

Saia Stock Performance

SAIA stock opened at $517.51 on Friday. The company has a market capitalization of $13.76 billion, a price-to-earnings ratio of 39.00, a PEG ratio of 1.69 and a beta of 1.62. Saia, Inc. has a fifty-two week low of $244.69 and a fifty-two week high of $628.34. The stock has a fifty day moving average of $572.59 and a 200-day moving average of $475.17.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, February 2nd. The transportation company reported $3.33 earnings per share for the quarter, topping the consensus estimate of $3.20 by $0.13. The company had revenue of $751.10 million during the quarter, compared to the consensus estimate of $745.48 million. Saia had a return on equity of 19.75% and a net margin of 12.31%. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.65 EPS. Equities analysts predict that Saia, Inc. will post 16.13 EPS for the current year.

Insider Transactions at Saia

In other news, CFO Douglas L. Col sold 1,812 shares of the stock in a transaction on Tuesday, February 13th. The stock was sold at an average price of $557.75, for a total transaction of $1,010,643.00. Following the completion of the transaction, the chief financial officer now owns 5,623 shares in the company, valued at approximately $3,136,228.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Donna E. Epps sold 400 shares of the stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $565.14, for a total transaction of $226,056.00. Following the sale, the director now owns 1,583 shares of the company’s stock, valued at approximately $894,616.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Douglas L. Col sold 1,812 shares of the stock in a transaction dated Tuesday, February 13th. The stock was sold at an average price of $557.75, for a total value of $1,010,643.00. Following the sale, the chief financial officer now directly owns 5,623 shares in the company, valued at approximately $3,136,228.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,699 shares of company stock worth $14,966,813. 0.30% of the stock is owned by company insiders.

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.