Saia, Inc. (NASDAQ:SAIA) Shares Purchased by WCM Investment Management LLC

WCM Investment Management LLC increased its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 58.7% in the fourth quarter, Holdings Channel reports. The firm owned 73,973 shares of the transportation company’s stock after buying an additional 27,359 shares during the period. WCM Investment Management LLC’s holdings in Saia were worth $33,172,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. HighTower Advisors LLC acquired a new position in Saia in the 1st quarter valued at about $422,000. Rhumbline Advisers grew its position in shares of Saia by 2.9% during the first quarter. Rhumbline Advisers now owns 74,474 shares of the transportation company’s stock worth $18,158,000 after buying an additional 2,083 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of Saia by 10.5% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,652 shares of the transportation company’s stock worth $2,353,000 after buying an additional 920 shares in the last quarter. APG Asset Management N.V. grew its position in shares of Saia by 56.9% during the first quarter. APG Asset Management N.V. now owns 8,000 shares of the transportation company’s stock worth $1,753,000 after buying an additional 2,900 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its position in shares of Saia by 7.4% during the first quarter. Great West Life Assurance Co. Can now owns 14,397 shares of the transportation company’s stock worth $3,608,000 after buying an additional 994 shares in the last quarter.

Saia Stock Down 1.7 %

SAIA stock traded down $10.19 on Friday, reaching $577.72. 237,235 shares of the company’s stock were exchanged, compared to its average volume of 231,570. The stock has a fifty day moving average of $572.64 and a 200-day moving average of $470.06. Saia, Inc. has a twelve month low of $244.69 and a twelve month high of $628.34. The firm has a market cap of $15.36 billion, a PE ratio of 43.54, a P/E/G ratio of 1.91 and a beta of 1.62.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, February 2nd. The transportation company reported $3.33 earnings per share for the quarter, topping analysts’ consensus estimates of $3.20 by $0.13. Saia had a return on equity of 19.75% and a net margin of 12.31%. The firm had revenue of $751.10 million for the quarter, compared to analyst estimates of $745.48 million. During the same quarter in the prior year, the company posted $2.65 earnings per share. Saia’s quarterly revenue was up 14.5% on a year-over-year basis. On average, equities research analysts predict that Saia, Inc. will post 16.12 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Frederick J. Holzgrefe III sold 7,500 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $533.46, for a total transaction of $4,000,950.00. Following the transaction, the chief executive officer now owns 14,248 shares of the company’s stock, valued at $7,600,738.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Saia news, VP Rohit Lal sold 2,870 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $536.55, for a total value of $1,539,898.50. Following the sale, the vice president now owns 8,482 shares of the company’s stock, valued at $4,551,017.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frederick J. Holzgrefe III sold 7,500 shares of the company’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $533.46, for a total value of $4,000,950.00. Following the completion of the sale, the chief executive officer now directly owns 14,248 shares in the company, valued at approximately $7,600,738.08. The disclosure for this sale can be found here. Insiders have sold 27,699 shares of company stock valued at $14,966,813 over the last quarter. Company insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on SAIA. UBS Group boosted their target price on Saia from $475.00 to $618.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Benchmark boosted their target price on Saia from $575.00 to $625.00 and gave the stock a “buy” rating in a research note on Thursday, March 21st. Bank of America boosted their target price on Saia from $600.00 to $645.00 and gave the stock a “buy” rating in a research note on Tuesday, March 5th. BMO Capital Markets boosted their target price on Saia from $450.00 to $515.00 and gave the stock a “market perform” rating in a research note on Monday, February 5th. Finally, Wolfe Research cut Saia from an “outperform” rating to a “peer perform” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $491.16.

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.