Koshinski Asset Management Inc. Takes $237,000 Position in Saia, Inc. (NASDAQ:SAIA)

Koshinski Asset Management Inc. acquired a new stake in shares of Saia, Inc. (NASDAQ:SAIA) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 405 shares of the transportation company’s stock, valued at approximately $237,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in SAIA. Capital Research Global Investors boosted its position in shares of Saia by 129.8% in the fourth quarter. Capital Research Global Investors now owns 920,258 shares of the transportation company’s stock worth $403,275,000 after buying an additional 519,819 shares during the period. Norges Bank acquired a new position in Saia in the 4th quarter valued at approximately $201,117,000. Vaughan Nelson Investment Management L.P. lifted its position in Saia by 53.1% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 663,265 shares of the transportation company’s stock worth $290,655,000 after buying an additional 230,058 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of Saia by 65.9% during the 4th quarter. Jennison Associates LLC now owns 211,673 shares of the transportation company’s stock valued at $92,759,000 after acquiring an additional 84,046 shares in the last quarter. Finally, TimesSquare Capital Management LLC increased its stake in shares of Saia by 129.1% in the fourth quarter. TimesSquare Capital Management LLC now owns 115,660 shares of the transportation company’s stock worth $50,685,000 after acquiring an additional 65,185 shares during the last quarter.

Saia Stock Performance

NASDAQ:SAIA traded up $1.09 during trading hours on Friday, hitting $483.51. 27,213 shares of the company traded hands, compared to its average volume of 368,728. The firm has a 50-day moving average of $439.55 and a 200 day moving average of $490.82. Saia, Inc. has a twelve month low of $341.26 and a twelve month high of $628.34. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $12.86 billion, a price-to-earnings ratio of 34.96, a P/E/G ratio of 1.73 and a beta of 1.72.

Saia (NASDAQ:SAIA) last released its earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share 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 firm had revenue of $754.80 million for the quarter, compared to analyst estimates of $772.36 million. During the same period last year, the business earned $2.85 earnings per share. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. On average, analysts forecast that Saia, Inc. will post 15.32 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. UBS Group lowered their price target on Saia from $618.00 to $541.00 and set a “buy” rating for the company in a research note on Monday, April 29th. JPMorgan Chase & Co. dropped their price target on shares of Saia from $676.00 to $580.00 and set an “overweight” rating on the stock in a research note on Monday, April 29th. StockNews.com lowered shares of Saia from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. TD Cowen increased their target price on shares of Saia from $473.00 to $475.00 and gave the stock a “hold” rating in a research report on Thursday, June 6th. Finally, BMO Capital Markets boosted their price target on Saia from $490.00 to $500.00 and gave the stock a “market perform” rating in a research report on Thursday, June 13th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $498.00.

Insider Activity

In other news, Director John P. Gainor, Jr. bought 500 shares of Saia stock in a transaction that occurred on Thursday, May 2nd. The stock was purchased at an average cost of $407.00 per share, with a total value of $203,500.00. Following the completion of the transaction, the director now directly owns 900 shares in the company, valued at $366,300. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.30% of the stock is currently owned by company insiders.

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.