Paloma Partners Management Co Invests $365,000 in Saia, Inc. (NASDAQ:SAIA)

Paloma Partners Management Co bought a new position in shares of Saia, Inc. (NASDAQ:SAIA) in the first quarter, according to the company in its most recent filing with the SEC. The firm bought 624 shares of the transportation company’s stock, valued at approximately $365,000.

A number of other hedge funds have also made changes to their positions in the company. AdvisorNet Financial Inc increased its position in shares of Saia by 5.7% during the 1st quarter. AdvisorNet Financial Inc now owns 387 shares of the transportation company’s stock worth $226,000 after purchasing an additional 21 shares in the last quarter. Allworth Financial LP increased its position in shares of Saia by 13.3% during the 4th quarter. Allworth Financial LP now owns 221 shares of the transportation company’s stock worth $97,000 after purchasing an additional 26 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in Saia by 1.0% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,977 shares of the transportation company’s stock valued at $1,742,000 after acquiring an additional 30 shares in the last quarter. Park Place Capital Corp increased its position in Saia by 11.1% in the 4th quarter. Park Place Capital Corp now owns 319 shares of the transportation company’s stock valued at $140,000 after acquiring an additional 32 shares in the last quarter. Finally, Xponance Inc. increased its position in Saia by 1.0% in the 4th quarter. Xponance Inc. now owns 3,495 shares of the transportation company’s stock valued at $1,532,000 after acquiring an additional 33 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SAIA. Benchmark lowered their price objective on shares of Saia from $575.00 to $480.00 and set a “buy” rating for the company in a research report on Monday. Stifel Nicolaus upgraded shares of Saia from a “hold” rating to a “buy” rating and lowered their price objective for the company from $526.00 to $475.00 in a research report on Friday, May 24th. Bank of America lifted their price target on shares of Saia from $501.00 to $555.00 and gave the stock a “buy” rating in a research report on Monday, July 22nd. Evercore ISI lifted their price target on shares of Saia from $523.00 to $566.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 25th. Finally, Susquehanna lowered their price target on shares of Saia from $610.00 to $550.00 and set a “positive” rating for the company in a research report on Wednesday, June 12th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $490.18.

Insider Activity

In other Saia news, Director John P. Gainor, Jr. acquired 500 shares of the stock in a transaction dated Thursday, May 2nd. The shares were bought at an average cost of $407.00 per share, for a total transaction of $203,500.00. Following the completion of the acquisition, the director now directly owns 900 shares of the company’s stock, valued at $366,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.30% of the stock is owned by corporate insiders.

Saia Stock Down 2.6 %

SAIA traded down $10.22 during trading on Monday, reaching $386.21. The company had a trading volume of 880,142 shares, compared to its average volume of 398,009. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.36 and a quick ratio of 1.23. Saia, Inc. has a 12 month low of $341.26 and a 12 month high of $628.34. The business’s fifty day moving average price is $447.12 and its 200 day moving average price is $493.20. The company has a market cap of $10.27 billion, a P/E ratio of 27.99, a PEG ratio of 1.41 and a beta of 1.72.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, April 26th. The transportation company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.05). Saia had a net margin of 12.26% and a return on equity of 19.14%. The business had revenue of $754.80 million during the quarter, compared to analyst estimates of $772.36 million. During the same quarter last year, the business earned $2.85 earnings per share. Saia’s revenue for the quarter was up 14.3% on a year-over-year basis. Equities analysts anticipate that Saia, Inc. will post 15.32 EPS for the current year.

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.