Saia, Inc. (NASDAQ:SAIA) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC grew its stake in Saia, Inc. (NASDAQ:SAIA) by 148.0% during the fourth quarter, HoldingsChannel reports. The firm owned 367 shares of the transportation company’s stock after purchasing an additional 219 shares during the quarter. GAMMA Investing LLC’s holdings in Saia were worth $167,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the stock. CIBC Asset Management Inc grew its position in 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 buying an additional 26 shares during the last quarter. Legacy Wealth Asset Management LLC boosted its holdings in shares of Saia by 4.1% in the third quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company’s stock valued at $337,000 after acquiring an additional 30 shares in the last quarter. Cim LLC increased its stake in shares of Saia by 7.6% during the second quarter. Cim LLC now owns 594 shares of the transportation company’s stock worth $282,000 after acquiring an additional 42 shares during the period. Janney Montgomery Scott LLC raised its holdings in Saia by 0.4% during the third quarter. Janney Montgomery Scott LLC now owns 15,397 shares of the transportation company’s stock worth $6,732,000 after purchasing an additional 59 shares in the last quarter. Finally, Avior Wealth Management LLC lifted its position in Saia by 6.0% in the third quarter. Avior Wealth Management LLC now owns 1,134 shares of the transportation company’s stock valued at $496,000 after purchasing an additional 64 shares during the period.

Insiders Place Their Bets

In other news, EVP Rohit Lal sold 1,120 shares of the firm’s stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total transaction of $627,200.00. Following the sale, the executive vice president now owns 8,270 shares in the company, valued at $4,631,200. This trade represents a 11.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

SAIA has been the topic of several recent analyst reports. Wolfe Research upgraded Saia from a “peer perform” rating to an “outperform” rating and set a $511.00 target price on the stock in a research report on Wednesday, October 9th. The Goldman Sachs Group increased their price objective on Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Susquehanna restated a “neutral” rating and set a $530.00 target price (down from $565.00) on shares of Saia in a research report on Tuesday. Stifel Nicolaus downgraded shares of Saia from a “buy” rating to a “hold” rating and cut their price target for the company from $440.00 to $437.00 in a report on Monday, October 21st. Finally, BMO Capital Markets boosted 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. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $511.65.

Saia Price Performance

SAIA stock opened at $448.22 on Thursday. The stock’s 50 day moving average price is $514.18 and its 200 day moving average price is $459.72. The firm has a market cap of $11.92 billion, a P/E ratio of 32.02, a PEG ratio of 2.96 and a beta of 1.79. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.26. Saia, Inc. has a 1 year low of $358.90 and a 1 year high of $628.34.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.53 by ($0.07). The company had revenue of $842.10 million during the quarter, compared to analysts’ expectations of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $3.67 earnings per share. On average, sell-side analysts expect that Saia, Inc. will post 13.51 earnings per share for the current fiscal year.

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.