Highview Capital Management LLC DE Takes Position in Saia, Inc. (NASDAQ:SAIA)

Highview Capital Management LLC DE acquired a new position in shares of Saia, Inc. (NASDAQ:SAIA) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 2,906 shares of the transportation company’s stock, valued at approximately $1,324,000.

Several other institutional investors have also bought and sold shares of SAIA. Blue Trust Inc. increased its position in shares of Saia by 319.1% during 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 during the period. Raymond James & Associates increased its holdings in shares of Saia by 4.6% in the third quarter. Raymond James & Associates now owns 102,837 shares of the transportation company’s stock worth $44,966,000 after buying an additional 4,548 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Saia by 64.6% in the third quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company’s stock valued at $109,589,000 after purchasing an additional 98,383 shares during the last quarter. Jade Capital Advisors LLC purchased a new stake in Saia during the 3rd quarter valued at $437,000. Finally, Sequoia Financial Advisors LLC boosted its holdings in shares of Saia by 22.3% during the third quarter. Sequoia Financial Advisors LLC now owns 851 shares of the transportation company’s stock worth $372,000 after purchasing an additional 155 shares during the period.

Insider Buying and Selling at Saia

In other Saia news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the completion of the sale, the chief executive officer now owns 17,645 shares in the company, valued at $8,599,114.30. This trade represents a 29.92 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Patrick D. Sugar sold 799 shares of Saia stock in a transaction on Monday, February 10th. The stock was sold at an average price of $493.74, for a total transaction of $394,498.26. Following the completion of the sale, the executive vice president now owns 8,629 shares of the company’s stock, valued at approximately $4,260,482.46. This trade represents a 8.47 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,453 shares of company stock valued at $4,693,318. Insiders own 0.30% of the company’s stock.

Saia Stock Up 1.1 %

Shares of NASDAQ:SAIA opened at $487.53 on Monday. The firm’s 50-day moving average is $486.16 and its two-hundred day moving average is $464.32. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. The firm has a market capitalization of $12.96 billion, a PE ratio of 36.09, a price-to-earnings-growth ratio of 2.51 and a beta of 1.79. Saia, Inc. has a 1 year low of $358.90 and a 1 year high of $628.34.

Saia (NASDAQ:SAIA) last announced its earnings results 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 for the quarter, compared to analysts’ expectations of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The business’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $3.33 earnings per share. Analysts predict that Saia, Inc. will post 15.46 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on SAIA shares. Stephens reissued an “overweight” rating and set a $600.00 price objective on shares of Saia in a research report on Thursday, February 6th. Bank of America cut their target price on Saia from $600.00 to $565.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. Wells Fargo & Company cut their target price on Saia from $550.00 to $510.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Citigroup dropped their target price on Saia from $561.00 to $544.00 and set a “buy” rating on the stock in a research report on Tuesday, February 4th. Finally, Susquehanna upped their price objective on Saia from $530.00 to $540.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. 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. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $535.41.

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.