Pinnacle Financial Partners Inc Invests $204,000 in Saia, Inc. (NASDAQ:SAIA)

Pinnacle Financial Partners Inc bought a new position in shares of Saia, Inc. (NASDAQ:SAIA) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 448 shares of the transportation company’s stock, valued at approximately $204,000.

A number of other institutional investors also recently modified their holdings of SAIA. Artemis Investment Management LLP boosted its holdings in shares of Saia by 72.9% during the fourth quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company’s stock worth $113,833,000 after purchasing an additional 105,356 shares during the period. Stephens Investment Management Group LLC purchased a new stake in Saia in the fourth quarter worth about $45,767,000. Wasatch Advisors LP lifted its holdings in Saia by 10.2% in the third quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company’s stock worth $302,761,000 after buying an additional 64,351 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new stake in Saia in the third quarter worth about $22,979,000. Finally, International Assets Investment Management LLC lifted its holdings in Saia by 43,625.8% in the third quarter. International Assets Investment Management LLC now owns 38,916 shares of the transportation company’s stock worth $17,016,000 after buying an additional 38,827 shares during the period.

Saia Price Performance

Shares of SAIA opened at $406.65 on Monday. The company has a market capitalization of $10.81 billion, a P/E ratio of 30.10, a price-to-earnings-growth ratio of 2.24 and a beta of 1.79. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. The firm has a 50 day moving average of $480.48 and a 200 day moving average of $467.15. Saia, Inc. has a twelve month low of $358.90 and a twelve month high of $628.34.

Saia (NASDAQ:SAIA) last announced 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). The firm had revenue of $789.00 million for the quarter, compared to the consensus estimate of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. Saia’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the business earned $3.33 EPS. As a group, equities research analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Saia news, CFO Matthew J. Batteh sold 700 shares of Saia stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total value of $350,063.00. Following the completion of the sale, the chief financial officer now owns 3,326 shares of the company’s stock, valued at approximately $1,663,299.34. The trade was a 17.39 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Kelly W. Benton sold 460 shares of Saia stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total transaction of $230,000.00. Following the completion of the sale, the chief accounting officer now directly owns 4,287 shares of the company’s stock, valued at approximately $2,143,500. This trade represents a 9.69 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,493 shares of company stock valued at $4,646,181. Company insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on SAIA. Barclays lowered their price objective on shares of Saia from $620.00 to $600.00 and set an “overweight” rating for the company in a report on Friday, January 17th. TD Cowen raised their price objective on shares of Saia from $456.00 to $478.00 and gave the stock a “hold” rating in a report on Tuesday, February 4th. BMO Capital Markets raised their price objective on shares of Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a report on Monday, October 28th. The Goldman Sachs Group raised their price objective on shares of Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Finally, Citigroup decreased their target price on shares of Saia from $561.00 to $544.00 and set a “buy” rating for the company in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $535.41.

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.