TD Private Client Wealth LLC Boosts Stake in Saia, Inc. (NASDAQ:SAIA)

TD Private Client Wealth LLC lifted its position in shares of Saia, Inc. (NASDAQ:SAIA) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,514 shares of the transportation company’s stock after acquiring an additional 249 shares during the quarter. TD Private Client Wealth LLC’s holdings in Saia were worth $2,057,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Kestra Investment Management LLC purchased a new stake in shares of Saia during the 4th quarter worth about $25,000. Atala Financial Inc acquired a new position in shares of Saia during the 4th quarter worth about $36,000. Tortoise Investment Management LLC raised its position in shares of Saia by 76.6% during the 4th quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company’s stock worth $51,000 after purchasing an additional 49 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Saia by 47.8% during the 4th quarter. Jones Financial Companies Lllp now owns 201 shares of the transportation company’s stock worth $92,000 after purchasing an additional 65 shares during the last quarter. Finally, Arcadia Investment Management Corp MI acquired a new position in shares of Saia during the 4th quarter worth about $154,000.

Insider Buying and Selling at Saia

In other Saia news, EVP Patrick D. Sugar sold 799 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $493.74, for a total value of $394,498.26. Following the completion of the transaction, the executive vice president now owns 8,629 shares of the company’s stock, valued at $4,260,482.46. This trade represents a 8.47 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the completion of the transaction, the chief executive officer now directly owns 17,645 shares of the company’s stock, valued at $8,599,114.30. This represents a 29.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,493 shares of company stock valued at $4,646,181 in the last 90 days. Company insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on SAIA shares. Susquehanna upped their price target on shares of Saia from $530.00 to $540.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Barclays reduced their price target on shares of Saia from $600.00 to $535.00 and set an “overweight” rating for the company in a research report on Monday, March 10th. Stephens restated an “overweight” rating and set a $600.00 price target on shares of Saia in a research report on Thursday, February 6th. Bank of America cut their price objective on shares of Saia from $565.00 to $484.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $526.39.

Saia Stock Performance

NASDAQ:SAIA opened at $362.90 on Friday. 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 stock has a market capitalization of $9.66 billion, a P/E ratio of 26.86, a PEG ratio of 2.24 and a beta of 1.89. The company has a 50 day moving average price of $442.22 and a 200 day moving average price of $465.96. Saia, Inc. has a fifty-two week low of $342.68 and a fifty-two week high of $624.55.

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

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.