Castlekeep Investment Advisors LLC Makes New Investment in Saia, Inc. (NASDAQ:SAIA)

Castlekeep Investment Advisors LLC bought a new stake in Saia, Inc. (NASDAQ:SAIA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,380 shares of the transportation company's stock, valued at approximately $2,908,000.

Several other large investors have also added to or reduced their stakes in SAIA. Kestra Investment Management LLC bought a new stake in Saia during the fourth quarter worth $25,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Saia by 172.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock valued at $28,000 after acquiring an additional 38 shares during the period. Atala Financial Inc acquired a new stake in Saia during the 4th quarter worth approximately $36,000. Huntington National Bank lifted its holdings in shares of Saia by 291.7% during the fourth quarter. Huntington National Bank now owns 94 shares of the transportation company's stock worth $43,000 after buying an additional 70 shares in the last quarter. Finally, Tortoise Investment Management LLC raised its stake in Saia by 76.6% in the 4th quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company's stock worth $51,000 after purchasing an additional 49 shares in the last quarter.

Insider Activity at Saia

In other news, CEO Frederick J. Holzgrefe III sold 7,534 shares of Saia 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 transaction, the chief executive officer now directly owns 17,645 shares in the company, valued at approximately $8,599,114.30. The trade was a 29.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction, the chief accounting officer now directly owns 4,287 shares of the company's stock, valued at $2,143,500. The trade was a 9.69 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,493 shares of company stock worth $4,646,181. 0.30% of the stock is owned by company insiders.

Saia Stock Down 1.9 %

Shares of SAIA stock traded down $5.17 during trading hours on Friday, reaching $260.62. The company had a trading volume of 479,304 shares, compared to its average volume of 488,395. The company has a market cap of $6.94 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 2.24 and a beta of 2.03. The business has a fifty day simple moving average of $330.05 and a 200-day simple moving average of $435.75. Saia, Inc. has a 12 month low of $229.12 and a 12 month high of $624.55. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The transportation company reported $1.86 EPS for the quarter, missing the consensus estimate of $2.77 by ($0.91). Saia had a net margin of 11.28% and a return on equity of 16.63%. The firm had revenue of $787.58 million during the quarter, compared to analysts' expectations of $806.18 million. During the same quarter last year, the business posted $3.38 EPS. The company's quarterly revenue was up 4.3% on a year-over-year basis. On average, research analysts expect that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on SAIA shares. Raymond James set a $310.00 price objective on Saia and gave the company an "outperform" rating in a report on Monday, April 28th. Wells Fargo & Company cut their price objective on Saia from $400.00 to $260.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. BMO Capital Markets lowered shares of Saia from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $455.00 to $285.00 in a report on Friday, April 25th. The Goldman Sachs Group decreased their price target on Saia from $485.00 to $387.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Finally, Morgan Stanley set a $250.00 price objective on shares of Saia in a research report on Friday, April 25th. Twelve research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $342.58.

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.