Thrive Wealth Management LLC Purchases 49 Shares of Saia, Inc. (NASDAQ:SAIA)

Thrive Wealth Management LLC raised its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 10.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 541 shares of the transportation company’s stock after purchasing an additional 49 shares during the quarter. Thrive Wealth Management LLC’s holdings in Saia were worth $316,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Capital Research Global Investors boosted its position in Saia by 129.8% during the fourth quarter. Capital Research Global Investors now owns 920,258 shares of the transportation company’s stock valued at $403,275,000 after purchasing an additional 519,819 shares in the last quarter. Norges Bank purchased a new position in Saia in the 4th quarter worth $201,117,000. Vaughan Nelson Investment Management L.P. lifted its position in Saia by 53.1% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 663,265 shares of the transportation company’s stock worth $290,655,000 after acquiring an additional 230,058 shares during the period. Jennison Associates LLC grew its stake in Saia by 65.9% during the 4th quarter. Jennison Associates LLC now owns 211,673 shares of the transportation company’s stock valued at $92,759,000 after purchasing an additional 84,046 shares during the last quarter. Finally, TimesSquare Capital Management LLC increased its holdings in shares of Saia by 129.1% in the fourth quarter. TimesSquare Capital Management LLC now owns 115,660 shares of the transportation company’s stock valued at $50,685,000 after purchasing an additional 65,185 shares during the period.

Insider Buying and Selling

In other news, Director John P. Gainor, Jr. bought 500 shares of Saia stock in a transaction on Thursday, May 2nd. The stock was acquired 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 directly owns 900 shares of the company’s stock, valued at $366,300. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

SAIA has been the subject of a number of research reports. Wells Fargo & Company started coverage on Saia in a report on Friday, June 7th. They set an “equal weight” rating and a $445.00 target price for the company. Susquehanna dropped their price objective on shares of Saia from $610.00 to $550.00 and set a “positive” rating on the stock in a report on Wednesday, June 12th. Bank of America cut their price objective on shares of Saia from $645.00 to $484.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. TD Cowen boosted their target price on shares of Saia from $473.00 to $475.00 and gave the company a “hold” rating in a research report on Thursday, June 6th. Finally, The Goldman Sachs Group increased their price target on Saia from $504.00 to $567.00 and gave the stock a “neutral” rating in a research report on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $498.00.

Saia Price Performance

Shares of NASDAQ:SAIA traded down $5.95 during midday trading on Thursday, reaching $458.70. 317,106 shares of the company’s stock traded hands, compared to its average volume of 366,693. The company has a fifty day simple moving average of $433.70 and a two-hundred day simple moving average of $486.91. Saia, Inc. has a 1 year low of $331.23 and a 1 year high of $628.34. The company has a market cap of $12.20 billion, a P/E ratio of 33.24, a PEG ratio of 1.67 and a beta of 1.70. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.23 and a current ratio of 1.23.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.43 by ($0.05). The company had revenue of $754.80 million during the quarter, compared to analyst estimates of $772.36 million. Saia had a net margin of 12.42% and a return on equity of 19.53%. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.85 EPS. Equities analysts predict that Saia, Inc. will post 15.31 EPS for the current fiscal 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.