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

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

Other large investors also recently added to or reduced their stakes in the company. Oddo BHF Asset Management Sas bought a new stake in Saia during the third quarter worth approximately $1,408,000. Highview Capital Management LLC DE bought a new stake in Saia during the fourth quarter worth approximately $1,324,000. Legato Capital Management LLC increased its stake in Saia by 100.6% during the fourth quarter. Legato Capital Management LLC now owns 1,565 shares of the transportation company’s stock worth $713,000 after acquiring an additional 785 shares during the last quarter. MML Investors Services LLC increased its stake in Saia by 89.8% during the third quarter. MML Investors Services LLC now owns 4,313 shares of the transportation company’s stock worth $1,886,000 after acquiring an additional 2,041 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. increased its stake in Saia by 2.8% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 59,870 shares of the transportation company’s stock worth $27,285,000 after acquiring an additional 1,644 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Stephens reissued an “overweight” rating and set a $600.00 price objective on shares of Saia in a research note on Thursday, February 6th. Wells Fargo & Company dropped their target price 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. TD Cowen boosted their target price on Saia from $456.00 to $478.00 and gave the company a “hold” rating in a research report on Tuesday, February 4th. Susquehanna boosted their target price on Saia from $530.00 to $540.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Finally, Raymond James dropped their target price on Saia from $560.00 to $540.00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Saia currently has a consensus rating of “Moderate Buy” and an average price target of $535.41.

Saia Stock Down 10.4 %

Saia stock opened at $406.65 on Monday. The business has a fifty day moving average of $480.48 and a two-hundred day moving average of $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. The firm has a market cap of $10.81 billion, a P/E ratio of 30.10, a P/E/G ratio of 2.24 and a beta of 1.79. Saia, Inc. has a twelve month low of $358.90 and a twelve month high of $628.34.

Saia (NASDAQ:SAIA) last posted 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 company 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 firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.33 EPS. On average, analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Kelly W. Benton sold 460 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total transaction of $230,000.00. Following the transaction, the chief accounting officer now directly owns 4,287 shares of the company’s stock, valued at approximately $2,143,500. This represents a 9.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Patrick D. Sugar sold 799 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $493.74, for a total value of $394,498.26. Following the transaction, the executive vice president now directly owns 8,629 shares in the company, valued at approximately $4,260,482.46. The trade was a 8.47 % 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 worth $4,646,181 over the last 90 days. Company insiders own 0.30% of the company’s stock.

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.