DGS Capital Management LLC Makes New Investment in Saia, Inc. (NASDAQ:SAIA)

DGS Capital Management LLC bought a new position in shares of Saia, Inc. (NASDAQ:SAIA) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 467 shares of the transportation company’s stock, valued at approximately $273,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Contravisory Investment Management Inc. acquired a new position in Saia during the 4th quarter worth $26,000. Pineridge Advisors LLC acquired a new position in shares of Saia during the fourth quarter valued at about $26,000. Core Wealth Advisors Inc. acquired a new position in shares of Saia during the fourth quarter valued at about $32,000. Rise Advisors LLC acquired a new position in shares of Saia during the first quarter valued at about $40,000. Finally, GAMMA Investing LLC acquired a new position in shares of Saia during the fourth quarter valued at about $43,000.

Insider Activity

In other news, Director John P. Gainor, Jr. bought 500 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were bought at an average cost of $407.00 per share, for a total transaction of $203,500.00. Following the completion of the acquisition, the director now owns 900 shares in the company, valued at approximately $366,300. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.30% of the stock is owned by insiders.

Saia Price Performance

SAIA opened at $464.65 on Thursday. Saia, Inc. has a one year low of $328.46 and a one year high of $628.34. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.23 and a quick ratio of 1.23. The company’s 50 day simple moving average is $434.97 and its 200-day simple moving average is $487.10. The stock has a market capitalization of $12.36 billion, a P/E ratio of 33.67, a price-to-earnings-growth ratio of 1.67 and a beta of 1.70.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, April 26th. The transportation company reported $3.38 EPS for the quarter, missing the consensus estimate of $3.43 by ($0.05). Saia had a net margin of 12.42% and a return on equity of 19.53%. The company had revenue of $754.80 million for the quarter, compared to the consensus estimate of $772.36 million. During the same period last year, the company earned $2.85 earnings per share. Saia’s revenue for the quarter was up 14.3% compared to the same quarter last year. Sell-side analysts anticipate that Saia, Inc. will post 15.31 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on SAIA shares. Evercore ISI upped their price objective on shares of Saia from $523.00 to $566.00 and gave the company an “outperform” rating in a research report on Tuesday. Susquehanna lowered their target price on shares of Saia from $610.00 to $550.00 and set a “positive” rating on the stock in a research note on Wednesday, June 12th. The Goldman Sachs Group upped their target price on shares of Saia from $504.00 to $567.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Benchmark upped their target price on shares of Saia from $575.00 to $625.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. Finally, Bank of America lowered their target price on shares of Saia from $645.00 to $484.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $498.00.

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.