Arcadia Investment Management Corp MI Takes $154,000 Position in Saia, Inc. (NASDAQ:SAIA)

Arcadia Investment Management Corp MI bought a new stake in shares of Saia, Inc. (NASDAQ:SAIA) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 338 shares of the transportation company’s stock, valued at approximately $154,000.

Several other institutional investors also recently made changes to their positions in the stock. State Street Corp grew its holdings in shares of Saia by 3.1% during the third quarter. State Street Corp now owns 805,597 shares of the transportation company’s stock valued at $352,255,000 after purchasing an additional 24,351 shares during the last quarter. Wasatch Advisors LP grew its holdings in shares of Saia by 10.2% during the third quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company’s stock valued at $302,761,000 after purchasing an additional 64,351 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Saia by 1.4% during the third quarter. Geode Capital Management LLC now owns 471,667 shares of the transportation company’s stock valued at $206,292,000 after purchasing an additional 6,456 shares during the last quarter. Westfield Capital Management Co. LP grew its holdings in shares of Saia by 11.8% during the third quarter. Westfield Capital Management Co. LP now owns 303,582 shares of the transportation company’s stock valued at $132,744,000 after purchasing an additional 31,991 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Saia by 4.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 261,803 shares of the transportation company’s stock valued at $116,670,000 after purchasing an additional 11,177 shares during the last quarter.

Insiders Place Their Bets

In other news, EVP Patrick D. Sugar sold 799 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $493.74, for a total transaction of $394,498.26. Following the completion of the sale, the executive vice president now owns 8,629 shares in the company, valued at approximately $4,260,482.46. This represents a 8.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Kelly W. Benton sold 460 shares of the stock in a transaction 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 owns 4,287 shares of the company’s stock, valued at $2,143,500. This trade represents a 9.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,493 shares of company stock worth $4,646,181 over the last ninety days. Company insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

SAIA has been the subject of several recent research reports. Susquehanna upped their target price on Saia from $530.00 to $540.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Barclays reduced their price objective on Saia from $620.00 to $600.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. JPMorgan Chase & Co. reduced their price objective on Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Wells Fargo & Company reduced their price objective on Saia from $550.00 to $510.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Finally, Stifel Nicolaus boosted their price objective on Saia from $443.00 to $529.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $535.41.

Saia Stock Performance

SAIA opened at $453.90 on Friday. The company has a market capitalization of $12.07 billion, a price-to-earnings ratio of 33.60, a price-to-earnings-growth ratio of 2.35 and a beta of 1.79. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. Saia, Inc. has a 1-year low of $358.90 and a 1-year high of $628.34. The business has a 50 day moving average price of $482.92 and a two-hundred day moving average price of $465.82.

Saia (NASDAQ:SAIA) last released its earnings results 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 firm had revenue of $789.00 million during the quarter, compared to analyst estimates 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 quarter last year, the company earned $3.33 earnings per share. Research analysts predict that Saia, Inc. will post 15.46 EPS for the current fiscal year.

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.