WCM Investment Management LLC Grows Stake in Saia, Inc. (NASDAQ:SAIA)

WCM Investment Management LLC increased its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 39.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 42,265 shares of the transportation company’s stock after acquiring an additional 11,856 shares during the quarter. WCM Investment Management LLC’s holdings in Saia were worth $19,417,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Paladin Wealth LLC acquired a new stake in Saia during the third quarter worth approximately $40,000. Blue Trust Inc. raised its stake in Saia by 319.1% during the 3rd quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock worth $135,000 after acquiring an additional 217 shares in the last quarter. GAMMA Investing LLC lifted its position 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.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Raymond James reduced their target price on Saia from $560.00 to $540.00 and set an “outperform” rating for the company in a report on Tuesday, February 4th. Stephens reaffirmed an “overweight” rating and set a $600.00 price target on shares of Saia in a research report on Thursday. BMO Capital Markets increased their price objective on Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a report on Monday, October 28th. Wells Fargo & Company cut their target price on shares of Saia from $550.00 to $510.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Finally, The Goldman Sachs Group upped their price target on shares of Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, Saia has a consensus rating of “Moderate Buy” and a consensus price target of $535.41.

Saia Price Performance

Shares of NASDAQ:SAIA opened at $489.51 on Friday. Saia, Inc. has a 52 week low of $358.90 and a 52 week high of $628.34. The company has a 50-day moving average price of $491.07 and a 200 day moving average price of $462.23. The company has a market cap of $13.02 billion, a P/E ratio of 36.23, a PEG ratio of 2.51 and a beta of 1.79. 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 (NASDAQ:SAIA) last posted 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 net margin of 11.28% and a return on equity of 16.63%. The business had revenue of $789.00 million during the quarter, compared to analyst estimates of $794.69 million. During the same period in the prior year, the business earned $3.33 earnings per share. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. Research analysts predict that Saia, Inc. will post 15.46 earnings per share for the current year.

Insider Buying and Selling at Saia

In other Saia news, EVP Rohit Lal sold 1,120 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $560.00, for a total transaction of $627,200.00. Following the transaction, the executive vice president now directly owns 8,270 shares in the company, valued at approximately $4,631,200. This represents a 11.93 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.30% of the stock is owned by corporate 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.