12,792 Shares in Saia, Inc. $SAIA Acquired by FORA Capital LLC

FORA Capital LLC purchased a new stake in shares of Saia, Inc. (NASDAQ:SAIA) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 12,792 shares of the transportation company’s stock, valued at approximately $3,505,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Parkside Financial Bank & Trust grew its position in shares of Saia by 177.5% in the second quarter. Parkside Financial Bank & Trust now owns 111 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 71 shares during the last quarter. AlphaQuest LLC acquired a new stake in Saia in the 2nd quarter valued at approximately $41,000. Blue Trust Inc. increased its position in Saia by 52.9% in the 2nd quarter. Blue Trust Inc. now owns 208 shares of the transportation company’s stock worth $57,000 after buying an additional 72 shares during the period. CWM LLC lifted its holdings in shares of Saia by 21.6% during the second quarter. CWM LLC now owns 248 shares of the transportation company’s stock worth $68,000 after buying an additional 44 shares during the last quarter. Finally, Mattson Financial Services LLC lifted its holdings in shares of Saia by 17.5% during the first quarter. Mattson Financial Services LLC now owns 382 shares of the transportation company’s stock worth $133,000 after buying an additional 57 shares during the last quarter.

Insider Buying and Selling at Saia

In other news, Director Donna E. Epps bought 422 shares of the stock in a transaction dated Wednesday, November 26th. The shares were acquired at an average price of $277.60 per share, with a total value of $117,147.20. Following the acquisition, the director owned 1,852 shares in the company, valued at $514,115.20. This trade represents a 29.51% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Raymond R. Ramu sold 1,000 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $266.57, for a total transaction of $266,570.00. Following the sale, the vice president owned 4,902 shares of the company’s stock, valued at $1,306,726.14. This trade represents a 16.94% decrease in their position. The SEC filing for this sale provides additional information. 0.30% of the stock is currently owned by insiders.

Saia Trading Up 0.4%

SAIA stock opened at $345.05 on Friday. Saia, Inc. has a 1-year low of $229.12 and a 1-year high of $545.12. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.09. The business’s 50 day moving average is $295.49 and its 200-day moving average is $293.01. The firm has a market cap of $9.19 billion, a P/E ratio of 32.58, a P/E/G ratio of 11.06 and a beta of 2.10.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Thursday, October 30th. The transportation company reported $2.81 EPS for the quarter, beating the consensus estimate of $2.53 by $0.28. Saia had a return on equity of 11.32% and a net margin of 8.77%.The business had revenue of $839.64 million for the quarter, compared to analyst estimates of $824.06 million. During the same quarter in the previous year, the firm earned $3.46 EPS. Saia’s quarterly revenue was down .3% on a year-over-year basis. Equities analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SAIA. Raymond James Financial dropped their target price on shares of Saia from $360.00 to $355.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 14th. Citigroup decreased their target price on Saia from $371.00 to $365.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Rothschild Redb upgraded Saia to a “hold” rating in a research note on Wednesday, November 26th. JPMorgan Chase & Co. raised their price objective on Saia from $346.00 to $349.00 and gave the stock an “overweight” rating in a research report on Monday, December 8th. Finally, Wells Fargo & Company lowered their price objective on Saia from $365.00 to $330.00 and set an “equal weight” rating on the stock in a research report on Monday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $330.25.

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.