Impact Capital Partners LLC Invests $524,000 in Saia, Inc. (NASDAQ:SAIA)

Impact Capital Partners LLC acquired a new stake in shares of Saia, Inc. (NASDAQ:SAIA) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,150 shares of the transportation company’s stock, valued at approximately $524,000.

Other hedge funds have also made changes to their positions in the company. Kestra Investment Management LLC acquired a new position in shares of Saia during the 4th quarter valued at about $25,000. Tortoise Investment Management LLC increased its holdings in shares of Saia by 76.6% during the 4th quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 49 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Saia by 47.8% during the 4th quarter. Jones Financial Companies Lllp now owns 201 shares of the transportation company’s stock valued at $92,000 after acquiring an additional 65 shares during the last quarter. Arcadia Investment Management Corp MI acquired a new position in shares of Saia during the 4th quarter valued at about $154,000. Finally, GAMMA Investing LLC increased its holdings in shares of Saia by 148.0% during the 4th quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock valued at $167,000 after acquiring an additional 219 shares during the last quarter.

Saia Trading Down 4.8 %

SAIA stock opened at $352.36 on Friday. Saia, Inc. has a 1-year low of $347.11 and a 1-year high of $624.55. The firm has a market cap of $9.38 billion, a P/E ratio of 26.08, a P/E/G ratio of 2.24 and a beta of 1.89. The business’s 50 day moving average is $456.37 and its 200-day moving average is $467.11. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing the consensus estimate of $2.87 by ($0.03). Saia had a net margin of 11.28% and a return on equity of 16.63%. The company had revenue of $789.00 million during the quarter, compared to the consensus estimate of $794.69 million. During the same quarter in the prior year, the company posted $3.33 earnings per share. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. Equities analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SAIA shares. Wells Fargo & Company lowered their price objective on Saia from $550.00 to $510.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft assumed coverage on Saia in a research note on Friday, March 7th. They set a “buy” rating and a $570.00 target price for the company. Jefferies Financial Group increased their target price on Saia from $525.00 to $560.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Barclays decreased their target price on Saia from $600.00 to $535.00 and set an “overweight” rating for the company in a research note on Monday. Finally, TD Cowen increased their target price on Saia from $456.00 to $478.00 and gave the company a “hold” rating in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $526.39.

Insider Activity

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