Y Intercept Hong Kong Ltd Buys New Shares in Saia, Inc. (NASDAQ:SAIA)

Y Intercept Hong Kong Ltd bought a new stake in Saia, Inc. (NASDAQ:SAIA) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,380 shares of the transportation company’s stock, valued at approximately $3,363,000.

Several other hedge funds have also recently made changes to their positions in SAIA. Blue Trust Inc. increased its position in shares of Saia by 319.1% in the 3rd quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock valued at $135,000 after acquiring an additional 217 shares during the period. Sequoia Financial Advisors LLC increased its position in shares of Saia by 22.3% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 851 shares of the transportation company’s stock valued at $372,000 after acquiring an additional 155 shares during the period. International Assets Investment Management LLC increased its position in shares of Saia by 43,625.8% in the 3rd quarter. International Assets Investment Management LLC now owns 38,916 shares of the transportation company’s stock valued at $17,016,000 after acquiring an additional 38,827 shares during the period. Legacy Wealth Asset Management LLC increased its position in shares of Saia by 4.1% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company’s stock valued at $337,000 after acquiring an additional 30 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its position in shares of Saia by 45.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 721 shares of the transportation company’s stock valued at $311,000 after acquiring an additional 225 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SAIA shares. Jefferies Financial Group increased their price target on Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Bank of America cut their price target on Saia from $600.00 to $565.00 and set a “buy” rating on the stock in a research report on Tuesday, February 4th. Stifel Nicolaus increased their price target on Saia from $443.00 to $529.00 and gave the stock a “hold” rating in a research report on Thursday, January 23rd. Barclays cut their price target on Saia from $620.00 to $600.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, Wells Fargo & Company cut their price target on Saia from $550.00 to $510.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Saia has a consensus rating of “Moderate Buy” and an average target price of $535.41.

Saia Trading Down 10.4 %

SAIA stock opened at $406.65 on Monday. The company’s 50-day simple moving average is $480.48 and its 200-day simple moving average is $467.15. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 52-week low of $358.90 and a 52-week high of $628.34. The firm has a market cap of $10.81 billion, a P/E ratio of 30.10, a PEG ratio of 2.24 and a beta of 1.79.

Saia (NASDAQ:SAIA) last issued 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 company had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period in the prior year, the business posted $3.33 earnings per share. As a group, equities analysts forecast that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Insider Activity at Saia

In other Saia news, CFO Matthew J. Batteh sold 700 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total value of $350,063.00. Following the completion of the sale, the chief financial officer now owns 3,326 shares in the company, valued at approximately $1,663,299.34. This represents a 17.39 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Patrick D. Sugar sold 799 shares of the stock in a transaction dated Monday, February 10th. The shares were 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 of the company’s stock, valued at approximately $4,260,482.46. The trade was a 8.47 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,493 shares of company stock valued at $4,646,181. 0.30% of the stock is owned by corporate insiders.

Saia Company 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.