Wolverine Asset Management LLC Boosts Stock Position in Saia, Inc. (NASDAQ:SAIA)

Wolverine Asset Management LLC increased its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 280.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,800 shares of the transportation company’s stock after buying an additional 2,800 shares during the period. Wolverine Asset Management LLC’s holdings in Saia were worth $1,732,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SAIA. Flossbach Von Storch SE lifted its holdings in Saia by 7.3% during the fourth quarter. Flossbach Von Storch SE now owns 21,921 shares of the transportation company’s stock valued at $9,990,000 after purchasing an additional 1,484 shares in the last quarter. Handelsbanken Fonder AB raised its position in shares of Saia by 2.8% during the 4th quarter. Handelsbanken Fonder AB now owns 7,258 shares of the transportation company’s stock worth $3,308,000 after purchasing an additional 200 shares during the last quarter. Global Retirement Partners LLC lifted its stake in Saia by 6.8% in the 4th quarter. Global Retirement Partners LLC now owns 671 shares of the transportation company’s stock valued at $306,000 after buying an additional 43 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in Saia in the 4th quarter worth about $25,000. Finally, Venturi Wealth Management LLC boosted its holdings in Saia by 13.7% in the 4th quarter. Venturi Wealth Management LLC now owns 674 shares of the transportation company’s stock worth $307,000 after buying an additional 81 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Susquehanna increased 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. BMO Capital Markets increased their price objective on Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a research note on Monday, October 28th. Raymond James lowered their target price on shares of Saia from $560.00 to $540.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. Stifel Nicolaus increased their target price on shares of Saia from $443.00 to $529.00 and gave the company a “hold” rating in a research report on Thursday, January 23rd. Finally, Citigroup decreased their price target on shares of Saia from $561.00 to $544.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, Saia presently has an average rating of “Moderate Buy” and a consensus price target of $535.41.

Insiders Place Their Bets

In other Saia news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the transaction, the chief executive officer now directly owns 17,645 shares in the company, valued at $8,599,114.30. This represents a 29.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Kelly W. Benton sold 460 shares of Saia 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 completion of the sale, the chief accounting officer now directly owns 4,287 shares of the company’s stock, valued at $2,143,500. The trade was a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,493 shares of company stock valued at $4,646,181 over the last 90 days. 0.30% of the stock is owned by company insiders.

Saia Trading Down 10.4 %

Shares of Saia stock opened at $406.65 on Friday. The stock has a 50 day moving average of $480.48 and a 200 day moving average of $466.02. 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 firm has a market capitalization of $10.81 billion, a price-to-earnings ratio of 30.10, a PEG ratio of 2.35 and a beta of 1.79. Saia, Inc. has a fifty-two week low of $358.90 and a fifty-two week high of $628.34.

Saia (NASDAQ:SAIA) last released its quarterly 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 business 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.33 earnings per share. As a group, research analysts predict that Saia, Inc. will post 15.46 earnings per share for the current 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.