International Assets Investment Management LLC Acquires 30,998 Shares of Saia, Inc. (NASDAQ:SAIA)

International Assets Investment Management LLC raised its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 26,722.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,114 shares of the transportation company's stock after buying an additional 30,998 shares during the quarter. International Assets Investment Management LLC owned 0.12% of Saia worth $13,635,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. HighTower Advisors LLC acquired a new stake in shares of Saia during the 1st quarter worth $422,000. Rhumbline Advisers boosted its stake in Saia by 2.9% in the first quarter. Rhumbline Advisers now owns 74,474 shares of the transportation company's stock valued at $18,158,000 after buying an additional 2,083 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Saia by 10.5% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,652 shares of the transportation company's stock valued at $2,353,000 after buying an additional 920 shares in the last quarter. APG Asset Management N.V. boosted its stake in Saia by 56.9% in the first quarter. APG Asset Management N.V. now owns 8,000 shares of the transportation company's stock valued at $1,753,000 after buying an additional 2,900 shares in the last quarter. Finally, Great West Life Assurance Co. Can boosted its stake in Saia by 7.4% in the first quarter. Great West Life Assurance Co. Can now owns 14,397 shares of the transportation company's stock valued at $3,608,000 after buying an additional 994 shares in the last quarter.

Insider Activity

In other news, Director Richard D. Odell sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $536.75, for a total transaction of $5,367,500.00. Following the completion of the sale, the director now owns 5,989 shares in the company, valued at $3,214,595.75. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, Director Richard D. Odell sold 10,000 shares of the company's stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $536.75, for a total transaction of $5,367,500.00. Following the completion of the sale, the director now owns 5,989 shares in the company, valued at $3,214,595.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Rohit Lal sold 2,870 shares of the company's stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $536.55, for a total value of $1,539,898.50. Following the sale, the vice president now owns 8,482 shares of the company's stock, valued at approximately $4,551,017.10. The disclosure for this sale can be found here. Insiders sold a total of 27,699 shares of company stock worth $14,966,813 over the last quarter. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SAIA. BMO Capital Markets raised their price objective on Saia from $450.00 to $515.00 and gave the company a "market perform" rating in a research note on Monday, February 5th. Wolfe Research lowered Saia from an "outperform" rating to a "peer perform" rating in a research note on Thursday. UBS Group raised their price objective on Saia from $475.00 to $618.00 and gave the company a "buy" rating in a research note on Monday, February 5th. Benchmark raised their price objective on Saia from $575.00 to $625.00 and gave the company a "buy" rating in a research note on Thursday, March 21st. Finally, Susquehanna increased their target price on Saia from $500.00 to $625.00 and gave the company a "positive" rating in a research report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $491.16.

Saia Stock Down 1.7 %

SAIA traded down $10.19 during trading on Friday, hitting $577.72. The company's stock had a trading volume of 237,235 shares, compared to its average volume of 278,619. The firm has a market capitalization of $15.36 billion, a P/E ratio of 43.54, a PEG ratio of 1.88 and a beta of 1.62. Saia, Inc. has a twelve month low of $244.69 and a twelve month high of $628.34. The stock's fifty day moving average price is $572.64 and its 200-day moving average price is $470.06.

Saia (NASDAQ:SAIA - Get Free Report) last released its quarterly earnings data on Friday, February 2nd. The transportation company reported $3.33 EPS for the quarter, beating the consensus estimate of $3.20 by $0.13. The firm had revenue of $751.10 million during the quarter, compared to the consensus estimate of $745.48 million. Saia had a return on equity of 19.75% and a net margin of 12.31%. The company's quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.65 earnings per share. Equities research analysts expect that Saia, Inc. will post 16.12 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.