Amalgamated Bank Increases Holdings in Saia, Inc. (NASDAQ:SAIA)

Amalgamated Bank raised its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 0.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,923 shares of the transportation company’s stock after purchasing an additional 32 shares during the period. Amalgamated Bank’s holdings in Saia were worth $5,889,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Oddo BHF Asset Management Sas bought a new position in shares of Saia during the third quarter valued at approximately $1,408,000. Highview Capital Management LLC DE purchased a new position in Saia during the 4th quarter valued at $1,324,000. Y Intercept Hong Kong Ltd bought a new position in Saia in the 4th quarter worth $3,363,000. Legato Capital Management LLC lifted its position in shares of Saia by 100.6% in the 4th quarter. Legato Capital Management LLC now owns 1,565 shares of the transportation company’s stock worth $713,000 after purchasing an additional 785 shares during the period. Finally, MML Investors Services LLC boosted its stake in shares of Saia by 89.8% during the 3rd quarter. MML Investors Services LLC now owns 4,313 shares of the transportation company’s stock valued at $1,886,000 after purchasing an additional 2,041 shares in the last quarter.

Insider Transactions at Saia

In other news, CAO Kelly W. Benton sold 460 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total transaction of $230,000.00. Following the sale, the chief accounting officer now owns 4,287 shares of the company’s stock, valued at $2,143,500. This trade represents a 9.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Matthew J. Batteh sold 700 shares of Saia stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total transaction 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 $1,663,299.34. This represents a 17.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,493 shares of company stock worth $4,646,181 over the last quarter. 0.30% of the stock is currently owned by insiders.

Saia Stock Down 1.6 %

Shares of Saia stock opened at $397.91 on Friday. The company has a 50-day simple moving average of $473.59 and a two-hundred day simple moving average of $467.24. The stock has a market capitalization of $10.60 billion, a PE ratio of 29.45, a price-to-earnings-growth ratio of 2.24 and a beta of 1.79. Saia, Inc. has a 52-week low of $358.90 and a 52-week high of $628.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). The firm had revenue of $789.00 million during 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%. Saia’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.33 earnings per share. On average, analysts anticipate that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SAIA has been the subject of a number of research reports. Bank of America decreased their price target on shares of Saia from $600.00 to $565.00 and set a “buy” rating for the company in a research note on Tuesday, February 4th. Cowen reissued a “hold” rating on shares of Saia in a research report on Tuesday, February 4th. Barclays dropped their price target on Saia from $620.00 to $600.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Wells Fargo & Company reduced their price target 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. Finally, Stifel Nicolaus raised Saia from a “hold” rating to a “buy” rating and set a $524.00 price objective for the company in a research report on Monday. One analyst has rated the stock with a sell rating, six have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, Saia has a consensus rating of “Moderate Buy” and an average target price of $535.12.

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.