Maven Securities LTD Invests $893,000 in Saia, Inc. (NASDAQ:SAIA)

Maven Securities LTD bought a new position in Saia, Inc. (NASDAQ:SAIA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 1,960 shares of the transportation company's stock, valued at approximately $893,000.

Several other hedge funds also recently made changes to their positions in the company. Kestra Investment Management LLC bought a new stake in shares of Saia during the 4th quarter valued at $25,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Saia by 172.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock valued at $28,000 after buying an additional 38 shares in the last quarter. Atala Financial Inc bought a new stake in shares of Saia during the 4th quarter valued at $36,000. Huntington National Bank boosted its holdings in shares of Saia by 291.7% during the 4th quarter. Huntington National Bank now owns 94 shares of the transportation company's stock valued at $43,000 after buying an additional 70 shares in the last quarter. Finally, Tortoise Investment Management LLC boosted 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 buying an additional 49 shares in the last quarter.

Insiders Place Their Bets

In related news, CAO Kelly W. Benton sold 460 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total transaction 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 trade represents a 9.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Matthew J. Batteh sold 700 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total value of $350,063.00. Following the sale, the chief financial officer now directly owns 3,326 shares of the company's stock, valued at $1,663,299.34. The trade was a 17.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. TD Cowen increased their price objective on shares of Saia from $456.00 to $478.00 and gave the company a "hold" rating in a research report on Tuesday, February 4th. Barclays cut shares of Saia from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, April 29th. BMO Capital Markets cut shares of Saia from an "outperform" rating to a "market perform" rating and lowered their target price for the company from $455.00 to $285.00 in a research note on Friday, April 25th. Deutsche Bank Aktiengesellschaft cut shares of Saia from a "buy" rating to a "hold" rating and set a $273.00 target price on the stock. in a research note on Thursday, May 1st. Finally, Wells Fargo & Company dropped their price objective on shares of Saia from $400.00 to $260.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $345.16.

Saia Price Performance

Shares of NASDAQ:SAIA traded down $0.70 during midday trading on Monday, reaching $284.40. 160,611 shares of the company's stock traded hands, compared to its average volume of 498,541. Saia, Inc. has a 1 year low of $229.12 and a 1 year high of $624.55. The company has a market cap of $7.57 billion, a P/E ratio of 21.07, a PEG ratio of 2.24 and a beta of 2.03. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. The company has a fifty day simple moving average of $321.05 and a two-hundred day simple moving average of $429.30.

Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The transportation company reported $1.86 earnings per share for the quarter, missing analysts' consensus estimates 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 in the previous year, the business posted $3.38 EPS. The company's revenue for the quarter was up 4.3% on a year-over-year basis. Equities analysts predict that Saia, Inc. will post 15.46 EPS for the current fiscal year.

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.