Saia, Inc. (NASDAQ:SAIA) Shares Bought by WCM Investment Management LLC

WCM Investment Management LLC grew its holdings in Saia, Inc. (NASDAQ:SAIA) by 39.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 42,265 shares of the transportation company’s stock after buying an additional 11,856 shares during the quarter. WCM Investment Management LLC owned 0.16% of Saia worth $19,417,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. CIBC Asset Management Inc increased its holdings in Saia by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company’s stock worth $337,000 after acquiring an additional 26 shares in the last quarter. Legacy Wealth Asset Management LLC raised its position in shares of Saia by 4.1% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company’s stock worth $337,000 after purchasing an additional 30 shares during the last quarter. UMB Bank n.a. lifted its stake in Saia by 1.0% in the 4th quarter. UMB Bank n.a. now owns 3,707 shares of the transportation company’s stock valued at $1,689,000 after buying an additional 37 shares in the last quarter. Avior Wealth Management LLC boosted its holdings in Saia by 3.3% in the 4th quarter. Avior Wealth Management LLC now owns 1,171 shares of the transportation company’s stock worth $534,000 after buying an additional 37 shares during the last quarter. Finally, Greenleaf Trust boosted its holdings in Saia by 6.4% in the 4th quarter. Greenleaf Trust now owns 613 shares of the transportation company’s stock worth $279,000 after buying an additional 37 shares during the last quarter.

Saia Stock Performance

Shares of SAIA stock opened at $489.51 on Friday. Saia, Inc. has a one year low of $358.90 and a one year high of $628.34. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. The firm’s 50 day moving average price is $491.07 and its 200-day moving average price is $462.23. The firm has a market cap of $13.02 billion, a P/E ratio of 36.23, a P/E/G ratio of 2.51 and a beta of 1.79.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.87 by ($0.03). The firm had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. Saia’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.33 EPS. As a group, equities research analysts predict that Saia, Inc. will post 15.46 EPS for the current year.

Insider Activity

In other news, EVP Rohit Lal sold 1,120 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total value of $627,200.00. Following the sale, the executive vice president now directly owns 8,270 shares in the company, valued at approximately $4,631,200. This trade represents a 11.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. The Goldman Sachs Group raised their target price on Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. TD Cowen lifted their target price on shares of Saia from $456.00 to $478.00 and gave the stock a “hold” rating in a research note on Tuesday, February 4th. Jefferies Financial Group boosted their price target on shares of Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Citigroup cut their price objective on shares of Saia from $561.00 to $544.00 and set a “buy” rating for the company in a report on Tuesday, February 4th. Finally, Stephens restated an “overweight” rating and set a $600.00 target price on shares of Saia in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $535.41.

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.