Avior Wealth Management LLC Acquires 37 Shares of Saia, Inc. (NASDAQ:SAIA)

Avior Wealth Management LLC increased its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 3.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,171 shares of the transportation company’s stock after purchasing an additional 37 shares during the period. Avior Wealth Management LLC’s holdings in Saia were worth $534,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of SAIA. Paladin Wealth LLC acquired a new stake in Saia during the 3rd quarter worth approximately $40,000. Quarry LP acquired a new stake in shares of Saia during the second quarter worth $41,000. Tobam acquired a new stake in shares of Saia during the third quarter worth $100,000. Blue Trust Inc. lifted its position in 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 in the last quarter. Finally, GAMMA Investing LLC boosted its stake in Saia by 148.0% in the 4th quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock worth $167,000 after purchasing an additional 219 shares during the period.

Saia Stock Down 1.4 %

Shares of SAIA opened at $494.30 on Friday. The firm has a market cap of $13.14 billion, a P/E ratio of 35.31, a price-to-earnings-growth ratio of 2.38 and a beta of 1.79. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.26. Saia, Inc. has a 52 week low of $358.90 and a 52 week high of $628.34. The firm’s 50-day simple moving average is $502.54 and its 200 day simple moving average is $461.10.

Saia (NASDAQ:SAIA) last posted its earnings results on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing the consensus estimate of $3.53 by ($0.07). The firm had revenue of $842.10 million during the quarter, compared to analyst estimates of $839.82 million. Saia had a net margin of 11.83% and a return on equity of 18.00%. Saia’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $3.67 EPS. On average, analysts forecast that Saia, Inc. will post 13.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SAIA has been the topic of a number of research reports. Bank of America cut their price target on Saia from $612.00 to $600.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. JPMorgan Chase & Co. upped their price target on Saia from $499.00 to $566.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Stephens lifted their price objective on shares of Saia from $481.00 to $515.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Citigroup reduced their target price on shares of Saia from $651.00 to $644.00 and set a “buy” rating for the company in a report on Wednesday, December 4th. Finally, Evercore ISI lowered their price target on shares of Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a research note on Thursday, October 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Saia currently has an average rating of “Moderate Buy” and an average target price of $527.65.

Insider Buying and Selling at Saia

In other Saia news, EVP Rohit Lal sold 1,120 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $560.00, for a total value of $627,200.00. Following the completion of the sale, the executive vice president now owns 8,270 shares of the company’s stock, valued at $4,631,200. The trade was a 11.93 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.30% of the company’s stock.

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.