Inceptionr LLC Makes New $710,000 Investment in Saia, Inc. (NASDAQ:SAIA)

Inceptionr LLC bought a new stake in Saia, Inc. (NASDAQ:SAIA) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,558 shares of the transportation company’s stock, valued at approximately $710,000.

A number of other large investors have also modified their holdings of SAIA. Kestra Investment Management LLC acquired a new stake in shares of Saia in the fourth quarter valued at about $25,000. Jones Financial Companies Lllp grew its stake in shares of Saia by 47.8% in the fourth quarter. Jones Financial Companies Lllp now owns 201 shares of the transportation company’s stock valued at $92,000 after buying an additional 65 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in shares of Saia in the fourth quarter valued at about $154,000. GAMMA Investing LLC grew its stake 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 in the last quarter. Finally, World Equity Group Inc. acquired a new stake in shares of Saia in the fourth quarter valued at about $201,000.

Insider Activity at Saia

In related news, CAO Kelly W. Benton sold 460 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total value of $230,000.00. Following the sale, the chief accounting officer now directly owns 4,287 shares in the company, valued at $2,143,500. This trade represents a 9.69 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $487.34, for a total value 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 approximately $8,599,114.30. This represents a 29.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,493 shares of company stock worth $4,646,181 in the last three months. 0.30% of the stock is owned by company insiders.

Saia Trading Down 1.7 %

Shares of NASDAQ SAIA opened at $375.92 on Friday. The company has a market cap of $10.01 billion, a price-to-earnings ratio of 27.83, a price-to-earnings-growth ratio of 2.24 and a beta of 1.79. Saia, Inc. has a 12-month low of $358.90 and a 12-month high of $624.55. 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 stock’s 50 day simple moving average is $463.81 and its 200 day simple moving average is $467.30.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.87 by ($0.03). Saia had a return on equity of 16.63% and a net margin of 11.28%. The company had revenue of $789.00 million during the quarter, compared to the consensus estimate of $794.69 million. During the same period last year, the business posted $3.33 EPS. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Equities research analysts expect that Saia, Inc. will post 15.46 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on SAIA shares. Stephens reissued an “overweight” rating and issued a $600.00 price target on shares of Saia in a report on Thursday, February 6th. Cowen reissued a “hold” rating on shares of Saia in a report on Tuesday, February 4th. Bank of America reduced their price target on Saia from $565.00 to $484.00 and set a “buy” rating for the company in a report on Wednesday. Deutsche Bank Aktiengesellschaft initiated coverage on Saia in a report on Friday. They issued a “buy” rating and a $570.00 price target for the company. Finally, Wells Fargo & Company reduced their target price on Saia from $550.00 to $510.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, Saia has a consensus rating of “Moderate Buy” and a consensus target price of $530.00.

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.