Xponance Inc. Grows Stake in Saia, Inc. (NASDAQ:SAIA)

Xponance Inc. grew its holdings in Saia, Inc. (NASDAQ:SAIA) by 4.9% during the fourth quarter, HoldingsChannel reports. The fund owned 4,475 shares of the transportation company’s stock after purchasing an additional 209 shares during the period. Xponance Inc.’s holdings in Saia were worth $2,039,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. CIBC Asset Management Inc increased its holdings 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 acquiring an additional 26 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in shares of Saia by 3.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 744 shares of the transportation company’s stock valued at $339,000 after purchasing an additional 26 shares during the period. Arizona State Retirement System boosted its position in shares of Saia by 0.4% in the 4th quarter. Arizona State Retirement System now owns 7,685 shares of the transportation company’s stock valued at $3,502,000 after purchasing an additional 29 shares during the period. Avantax Advisory Services Inc. boosted its position in shares of Saia by 4.6% in the 4th 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 during the period. Finally, UMB Bank n.a. boosted its position 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 Activity at Saia

In other Saia news, EVP Patrick D. Sugar sold 799 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 8,629 shares in the company, valued at $4,260,482.46. This represents a 8.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $487.34, for a total value of $3,671,619.56. Following the sale, the chief executive officer now owns 17,645 shares in the company, valued at $8,599,114.30. The trade was a 29.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,493 shares of company stock worth $4,646,181. 0.30% of the stock is owned by insiders.

Saia Stock Up 3.0 %

SAIA opened at $362.90 on Friday. Saia, Inc. has a 12 month low of $342.68 and a 12 month high of $624.55. The stock has a market capitalization of $9.66 billion, a P/E ratio of 26.86, a P/E/G ratio of 2.24 and a beta of 1.89. The business has a 50 day simple moving average of $442.22 and a 200-day simple moving average of $465.36. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share 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 for the quarter, compared to analysts’ expectations of $794.69 million. During the same period in the previous year, the business posted $3.33 EPS. The business’s quarterly revenue was up 5.0% on a year-over-year basis. On average, equities analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SAIA has been the subject of a number of research analyst reports. TD Cowen upped their target price on Saia from $456.00 to $478.00 and gave the company a “hold” rating in a research report on Tuesday, February 4th. Jefferies Financial Group upped their target price on Saia from $525.00 to $560.00 and gave the company a “buy” rating in a research report on Friday, January 10th. Stifel Nicolaus raised Saia from a “hold” rating to a “buy” rating and set a $524.00 target price for the company in a research report on Monday, February 24th. Raymond James decreased their price objective on Saia from $560.00 to $540.00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th. Finally, Bank of America decreased their price objective on Saia from $565.00 to $484.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.