FourThought Financial LLC Has $95,000 Position in Saia, Inc. (NASDAQ:SAIA)

FourThought Financial LLC increased its position in Saia, Inc. (NASDAQ:SAIA – Get Rating) by 131.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 502 shares of the transportation company’s stock after buying an additional 285 shares during the period. FourThought Financial LLC’s holdings in Saia were worth $95,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC increased its holdings in Saia by 64.2% in the third quarter. Quadrant Capital Group LLC now owns 156 shares of the transportation company’s stock worth $30,000 after buying an additional 61 shares during the last quarter. Neo Ivy Capital Management acquired a new position in Saia in the third quarter worth approximately $40,000. Huntington National Bank boosted its position in Saia by 900.0% during the third quarter. Huntington National Bank now owns 310 shares of the transportation company’s stock worth $59,000 after purchasing an additional 279 shares during the period. CWM LLC boosted its position in Saia by 58.3% during the third quarter. CWM LLC now owns 391 shares of the transportation company’s stock worth $74,000 after purchasing an additional 144 shares during the period. Finally, Point72 Hong Kong Ltd bought a new stake in Saia during the first quarter worth approximately $110,000.

Saia Stock Down 3.8 %

Shares of SAIA stock opened at $267.82 on Friday. The stock has a market cap of $7.11 billion, a P/E ratio of 19.99, a price-to-earnings-growth ratio of 4.00 and a beta of 1.52. Saia, Inc. has a one year low of $168.03 and a one year high of $306.40. The stock has a fifty day moving average price of $269.86 and a 200 day moving average price of $232.43. The company has a debt-to-equity ratio of 0.01, a current ratio of 1.94 and a quick ratio of 1.94.

Saia (NASDAQ:SAIA – Get Rating) last issued its earnings results on Friday, February 3rd. The transportation company reported $2.65 EPS for the quarter, missing the consensus estimate of $2.80 by ($0.15). The firm had revenue of $655.70 million during the quarter, compared to the consensus estimate of $652.12 million. Saia had a return on equity of 24.73% and a net margin of 12.80%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the business earned $2.76 earnings per share. Analysts predict that Saia, Inc. will post 12.55 earnings per share for the current year.

Insider Buying and Selling

In related news, CEO Frederick J. Holzgrefe III sold 5,592 shares of the firm’s stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $275.88, for a total value of $1,542,720.96. Following the completion of the transaction, the chief executive officer now directly owns 13,965 shares of the company’s stock, valued at $3,852,664.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Saia news, CEO Frederick J. Holzgrefe III sold 5,592 shares of the stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $275.88, for a total transaction of $1,542,720.96. Following the completion of the transaction, the chief executive officer now directly owns 13,965 shares in the company, valued at $3,852,664.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard D. Odell sold 11,519 shares of the stock in a transaction on Thursday, February 9th. The stock was sold at an average price of $277.99, for a total value of $3,202,166.81. Following the transaction, the director now owns 8,110 shares of the company’s stock, valued at $2,254,498.90. The disclosure for this sale can be found here. Insiders sold a total of 39,004 shares of company stock valued at $11,137,223 over the last ninety days. 0.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SAIA has been the subject of a number of recent analyst reports. Credit Suisse Group upped their target price on Saia from $288.00 to $312.00 and gave the stock a “neutral” rating in a research report on Monday, February 6th. Citigroup upped their target price on Saia from $232.00 to $294.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 7th. Deutsche Bank Aktiengesellschaft upped their target price on Saia from $281.00 to $296.00 in a research report on Monday, November 28th. Bank of America upped their target price on Saia from $227.00 to $271.00 in a research report on Sunday, February 5th. Finally, Susquehanna upped their target price on Saia from $220.00 to $280.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 7th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $286.82.

About Saia

(Get Rating)

Saia, Inc operates as a transportation holding company. The firm through its wholly-owned subsidiaries provides regional and interregional less-than-truckload (LTL) services through a single integrated organization. The firm also offers other value-added services, including non-asset truckload, expedited and logistics services across North America.