WCM Investment Management LLC Has $33.17 Million Stake in Saia, Inc. (NASDAQ:SAIA)

WCM Investment Management LLC lifted its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 58.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 73,973 shares of the transportation company's stock after purchasing an additional 27,359 shares during the period. WCM Investment Management LLC owned about 0.28% of Saia worth $33,172,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Contravisory Investment Management Inc. bought a new position in shares of Saia during the fourth quarter worth about $26,000. KB Financial Partners LLC bought a new position in shares of Saia during the first quarter worth about $28,000. International Assets Investment Management LLC bought a new position in shares of Saia during the third quarter worth about $45,000. NBC Securities Inc. bought a new position in shares of Saia during the third quarter worth about $54,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Saia during the third quarter worth about $59,000.

Insiders Place Their Bets

In other Saia news, CFO Douglas L. Col sold 1,812 shares of Saia stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $557.75, for a total value of $1,010,643.00. Following the transaction, the chief financial officer now owns 5,623 shares in the company, valued at $3,136,228.25. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CFO Douglas L. Col sold 1,812 shares of the firm's stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $557.75, for a total value of $1,010,643.00. Following the completion of the transaction, the chief financial officer now owns 5,623 shares of the company's stock, valued at approximately $3,136,228.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frederick J. Holzgrefe III sold 7,500 shares of the firm's stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $533.46, for a total transaction of $4,000,950.00. Following the completion of the transaction, the chief executive officer now directly owns 14,248 shares of the company's stock, valued at approximately $7,600,738.08. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,699 shares of company stock worth $14,966,813. 0.30% of the stock is owned by insiders.

Saia Price Performance

Shares of NASDAQ SAIA traded down $10.19 during mid-day trading on Friday, reaching $577.72. 237,235 shares of the company traded hands, compared to its average volume of 231,570. The firm has a market cap of $15.36 billion, a PE ratio of 43.54, a price-to-earnings-growth ratio of 1.91 and a beta of 1.62. Saia, Inc. has a fifty-two week low of $244.69 and a fifty-two week high of $628.34. The stock has a fifty day simple moving average of $572.64 and a 200-day simple moving average of $470.65.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings results on Friday, February 2nd. The transportation company reported $3.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.20 by $0.13. The firm had revenue of $751.10 million for the quarter, compared to analyst estimates of $745.48 million. Saia had a net margin of 12.31% and a return on equity of 19.75%. The firm's quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.65 earnings per share. As a group, analysts predict that Saia, Inc. will post 16.12 EPS for the current fiscal year.

Analysts Set New Price Targets

SAIA has been the topic of a number of recent research reports. Benchmark raised their target price on shares of Saia from $575.00 to $625.00 and gave the stock a "buy" rating in a report on Thursday, March 21st. BMO Capital Markets raised their target price on shares of Saia from $450.00 to $515.00 and gave the stock a "market perform" rating in a report on Monday, February 5th. JPMorgan Chase & Co. initiated coverage on shares of Saia in a report on Monday, March 11th. They issued an "overweight" rating and a $676.00 target price on the stock. UBS Group raised their target price on shares of Saia from $475.00 to $618.00 and gave the stock a "buy" rating in a report on Monday, February 5th. Finally, Bank of America raised their target price on shares of Saia from $600.00 to $645.00 and gave the stock a "buy" rating in a report on Tuesday, March 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company. According to MarketBeat, Saia currently has an average rating of "Moderate Buy" and an average target price of $491.16.

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.