Nomura Holdings Inc. Buys Shares of 3,529 Saia, Inc. (NASDAQ:SAIA)

Nomura Holdings Inc. bought a new stake in Saia, Inc. (NASDAQ:SAIA) during the 4th quarter, Holdings Channel reports. The firm bought 3,529 shares of the transportation company’s stock, valued at approximately $1,608,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Interval Partners LP acquired a new position in Saia in the 4th quarter valued at about $89,229,000. Driehaus Capital Management LLC lifted its holdings in shares of Saia by 9.0% in the 4th quarter. Driehaus Capital Management LLC now owns 75,726 shares of the transportation company’s stock worth $34,511,000 after acquiring an additional 6,274 shares during the last quarter. Highview Capital Management LLC DE acquired a new position in shares of Saia in the 4th quarter worth approximately $1,324,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Saia in the 4th quarter worth approximately $3,363,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Saia by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 226,137 shares of the transportation company’s stock worth $103,057,000 after acquiring an additional 4,972 shares during the last quarter.

Saia Trading Up 1.9%

Shares of NASDAQ:SAIA opened at $285.10 on Friday. Saia, Inc. has a 52 week low of $229.12 and a 52 week high of $624.55. The company’s 50 day moving average is $321.05 and its two-hundred day moving average is $429.71. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The company has a market cap of $7.59 billion, a PE ratio of 21.10, a P/E/G ratio of 2.24 and a beta of 2.03.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, April 25th. The transportation company reported $1.86 EPS for the quarter, missing analysts’ consensus estimates of $2.77 by ($0.91). Saia had a net margin of 11.28% and a return on equity of 16.63%. The firm had revenue of $787.58 million during the quarter, compared to analysts’ expectations of $806.18 million. During the same period in the prior year, the company posted $3.38 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. Equities analysts predict that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Wells Fargo & Company decreased their price objective on shares of Saia from $400.00 to $260.00 and set an “equal weight” rating on the stock in a report on Monday, April 28th. TD Cowen upped their price objective on shares of Saia from $456.00 to $478.00 and gave the stock a “hold” rating in a report on Tuesday, February 4th. StockNews.com upgraded shares of Saia to a “sell” rating in a report on Tuesday, May 13th. BMO Capital Markets lowered shares of Saia from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $455.00 to $285.00 in a report on Friday, April 25th. Finally, UBS Group decreased their price objective on shares of Saia from $422.00 to $305.00 and set a “buy” rating on the stock in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $345.16.

Insider Buying and Selling at Saia

In other Saia news, CAO Kelly W. Benton sold 460 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total value of $230,000.00. Following the sale, the chief accounting officer now directly owns 4,287 shares of the company’s stock, valued at approximately $2,143,500. This represents a 9.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Matthew J. Batteh sold 700 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total transaction of $350,063.00. Following the completion of the sale, the chief financial officer now directly owns 3,326 shares in the company, valued at approximately $1,663,299.34. This represents a 17.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

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.