NewEdge Wealth LLC Purchases 228 Shares of Saia, Inc. (NASDAQ:SAIA)

NewEdge Wealth LLC increased its position in Saia, Inc. (NASDAQ:SAIA) by 2.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,077 shares of the transportation company’s stock after purchasing an additional 228 shares during the period. NewEdge Wealth LLC’s holdings in Saia were worth $4,137,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Kestra Investment Management LLC bought a new position in shares of Saia in the 4th quarter worth $25,000. Arcadia Investment Management Corp MI bought a new position in shares of Saia in the 4th quarter worth $154,000. GAMMA Investing LLC lifted its stake in Saia by 148.0% during the 4th quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock valued at $167,000 after acquiring an additional 219 shares in the last quarter. World Equity Group Inc. bought a new position in Saia during the 4th quarter valued at $201,000. Finally, Pinnacle Financial Partners Inc bought a new position in Saia during the 4th quarter valued at $204,000.

Insider Buying and Selling

In other Saia news, CAO Kelly W. Benton sold 460 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total value of $230,000.00. Following the completion of the transaction, the chief accounting officer now owns 4,287 shares in the company, valued at $2,143,500. This trade represents a 9.69 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $487.34, for a total value of $3,671,619.56. Following the completion of the transaction, the chief executive officer now owns 17,645 shares of the company’s stock, valued at approximately $8,599,114.30. This represents a 29.92 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,493 shares of company stock valued at $4,646,181. 0.30% of the stock is owned by insiders.

Saia Trading Down 1.6 %

Shares of SAIA opened at $397.91 on Friday. The business has a 50-day moving average of $473.59 and a 200 day moving average of $467.24. Saia, Inc. has a fifty-two week low of $358.90 and a fifty-two week high of $628.34. The firm has a market cap of $10.60 billion, a P/E ratio of 29.45, a price-to-earnings-growth ratio of 2.24 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 1.57.

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SAIA. TD Cowen raised their price objective on Saia from $456.00 to $478.00 and gave the company a “hold” rating in a research note on Tuesday, February 4th. Barclays dropped their price objective on Saia from $620.00 to $600.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Citigroup dropped their price objective on Saia from $561.00 to $544.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. Raymond James dropped their price objective on Saia from $560.00 to $540.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. dropped their price objective on Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $535.12.

About Saia

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.