Arcadia Investment Management Corp MI Takes Position in Saia, Inc. (NASDAQ:SAIA)

Arcadia Investment Management Corp MI acquired a new stake in Saia, Inc. (NASDAQ:SAIA) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 338 shares of the transportation company’s stock, valued at approximately $154,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Kestra Investment Management LLC acquired a new position in Saia in the fourth quarter valued at $25,000. Blue Trust Inc. boosted its holdings in Saia by 319.1% in the third 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 last quarter. GAMMA Investing LLC boosted its holdings in Saia by 148.0% in the fourth 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. Rehmann Capital Advisory Group acquired a new position in Saia in the third quarter valued at $213,000. Finally, Apollon Wealth Management LLC acquired a new position in Saia in the fourth quarter valued at $252,000.

Saia Trading Down 4.7 %

NASDAQ:SAIA opened at $453.90 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. Saia, Inc. has a one year low of $358.90 and a one year high of $628.34. The business’s 50-day simple moving average is $482.92 and its 200 day simple moving average is $465.82. The stock has a market cap of $12.07 billion, a price-to-earnings ratio of 33.60, a price-to-earnings-growth ratio of 2.35 and a beta of 1.79.

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Raymond James reduced their target price on Saia from $560.00 to $540.00 and set an “outperform” rating on the stock in a report on Tuesday, February 4th. Wells Fargo & Company reduced their price objective on Saia from $550.00 to $510.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Barclays reduced their price objective on Saia from $620.00 to $600.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Bank of America reduced their price objective on Saia from $600.00 to $565.00 and set a “buy” rating on the stock in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. reduced their price objective on Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. One equities research 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $535.41.

Insider Activity at Saia

In related news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $8,599,114.30. The trade was a 29.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Kelly W. Benton sold 460 shares of the business’s 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 sale, 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 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 three months. 0.30% of the stock is owned by insiders.

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.