Koshinski Asset Management Inc. acquired a new stake in shares of Saia, Inc. (NASDAQ:SAIA – Free Report) 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.
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.
Check Out Our Latest Analysis on Saia
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.
See Also
- Five stocks we like better than Saia
- What is a Secondary Public Offering? What Investors Need to Know
- Streaming Titan’s Stock Ready to Hit All-Time Highs This Year
- Industrial Products Stocks Investing
- Home Building Stock Hits 52-Week High With More Upside
- What is the Nikkei 225 index?
- Why These 4 AI Stocks Are Must-Watch for 2024 Investors
Receive News & Ratings for Saia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saia and related companies with MarketBeat.com's FREE daily email newsletter.