International Assets Investment Management LLC Buys 30,998 Shares of Saia, Inc. (NASDAQ:SAIA)

International Assets Investment Management LLC boosted its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 26,722.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 31,114 shares of the transportation company’s stock after buying an additional 30,998 shares during the quarter. International Assets Investment Management LLC owned approximately 0.12% of Saia worth $13,635,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP lifted its holdings in Saia by 13.3% in the fourth quarter. Allworth Financial LP now owns 221 shares of the transportation company’s stock valued at $97,000 after buying an additional 26 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of Saia by 1.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,549 shares of the transportation company’s stock valued at $618,000 after purchasing an additional 29 shares in the last quarter. Park Place Capital Corp grew its stake in Saia by 11.1% during the fourth quarter. Park Place Capital Corp now owns 319 shares of the transportation company’s stock worth $140,000 after purchasing an additional 32 shares during the period. HighTower Advisors LLC increased its holdings in Saia by 1.3% in the third quarter. HighTower Advisors LLC now owns 2,947 shares of the transportation company’s stock worth $1,181,000 after purchasing an additional 39 shares in the last quarter. Finally, M&T Bank Corp lifted its stake in Saia by 0.8% in the third quarter. M&T Bank Corp now owns 5,133 shares of the transportation company’s stock valued at $2,046,000 after buying an additional 43 shares during the period.

Saia Stock Performance

Shares of Saia stock opened at $400.08 on Monday. The business’s fifty day simple moving average is $554.03 and its 200 day simple moving average is $479.91. The company has a current ratio of 1.23, a quick ratio of 2.01 and a debt-to-equity ratio of 0.04. Saia, Inc. has a 12 month low of $266.91 and a 12 month high of $628.34. The firm has a market capitalization of $10.64 billion, a P/E ratio of 28.99, a price-to-earnings-growth ratio of 1.26 and a beta of 1.71.

Saia (NASDAQ:SAIA) last released its earnings results on Friday, April 26th. The transportation company reported $3.38 EPS for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.05). Saia had a return on equity of 19.53% and a net margin of 12.42%. The business had revenue of $754.80 million for the quarter, compared to the consensus estimate of $772.36 million. During the same quarter in the previous year, the firm earned $2.85 earnings per share. The company’s revenue for the quarter was up 14.3% on a year-over-year basis. As a group, analysts anticipate that Saia, Inc. will post 15.38 EPS for the current year.

Insider Activity at Saia

In related news, Director Donna E. Epps sold 400 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $565.14, for a total transaction of $226,056.00. Following the sale, the director now directly owns 1,583 shares in the company, valued at approximately $894,616.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Douglas L. Col sold 1,812 shares of the business’s stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $557.75, for a total transaction of $1,010,643.00. Following the completion of the transaction, the chief financial officer now owns 5,623 shares of the company’s stock, valued at $3,136,228.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Donna E. Epps sold 400 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $565.14, for a total transaction of $226,056.00. Following the completion of the sale, the director now owns 1,583 shares in the company, valued at $894,616.62. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,699 shares of company stock worth $14,966,813. Company insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on SAIA. BMO Capital Markets dropped their target price on shares of Saia from $575.00 to $490.00 and set a “market perform” rating on the stock in a research report on Monday, April 29th. TD Cowen cut their price objective on shares of Saia from $528.00 to $473.00 and set a “hold” rating on the stock in a research report on Monday, April 29th. Susquehanna raised their target price on Saia from $500.00 to $625.00 and gave the company a “positive” rating in a research note on Thursday, February 8th. Wolfe Research downgraded Saia from an “outperform” rating to a “peer perform” rating in a research note on Thursday, April 11th. Finally, UBS Group reduced their price objective on Saia from $618.00 to $541.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $497.22.

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.