PFG Investments LLC Invests $1.55 Million in Saia, Inc. (NASDAQ:SAIA)

PFG Investments LLC purchased a new position in Saia, Inc. (NASDAQ:SAIA - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,641 shares of the transportation company's stock, valued at approximately $1,545,000.

A number of other institutional investors have also recently made changes to their positions in the stock. IFP Advisors Inc grew its holdings in shares of Saia by 17.7% during the 3rd quarter. IFP Advisors Inc now owns 399 shares of the transportation company's stock valued at $159,000 after purchasing an additional 60 shares during the last quarter. Oak Thistle LLC bought a new position in shares of Saia during the 3rd quarter valued at $843,000. Commonwealth Equity Services LLC grew its holdings in shares of Saia by 1.9% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,549 shares of the transportation company's stock valued at $618,000 after purchasing an additional 29 shares during the last quarter. Raymond James & Associates grew its holdings in shares of Saia by 0.7% during the 3rd quarter. Raymond James & Associates now owns 92,450 shares of the transportation company's stock valued at $36,855,000 after purchasing an additional 653 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of Saia by 331.3% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 3,817 shares of the transportation company's stock valued at $1,522,000 after purchasing an additional 2,932 shares during the last quarter.

Saia Trading Down 21.0 %

NASDAQ:SAIA traded down $114.21 on Friday, reaching $428.81. 2,210,639 shares of the stock traded hands, compared to its average volume of 286,251. The company has a market capitalization of $11.40 billion, a price-to-earnings ratio of 32.31, a PEG ratio of 1.76 and a beta of 1.62. Saia, Inc. has a 12 month low of $247.63 and a 12 month high of $628.34. The company's fifty day simple moving average is $568.54 and its 200 day simple moving average is $478.98.

Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings results on Friday, April 26th. The transportation company reported $3.38 EPS for the quarter, missing analysts' consensus estimates of $3.43 by ($0.05). Saia had a return on equity of 19.75% and a net margin of 12.31%. The company had revenue of $754.80 million during the quarter, compared to the consensus estimate of $772.36 million. During the same quarter in the prior year, the firm earned $2.85 earnings per share. The business's revenue was up 14.3% compared to the same quarter last year. Equities analysts anticipate that Saia, Inc. will post 16.13 EPS for the current fiscal year.

Insider Transactions at Saia

In other news, Director Donna E. Epps sold 400 shares of Saia stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $565.14, for a total value of $226,056.00. Following the completion of the sale, the director now directly owns 1,583 shares in the company, valued at $894,616.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction, the chief financial officer now owns 5,623 shares of the company's stock, valued at $3,136,228.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Donna E. Epps sold 400 shares of the firm's stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $565.14, for a total transaction of $226,056.00. Following the completion of the transaction, the director now directly owns 1,583 shares in the company, valued at approximately $894,616.62. The disclosure for this sale can be found here. Insiders sold 27,699 shares of company stock worth $14,966,813 over the last three months. 0.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

SAIA has been the subject of several analyst reports. Wolfe Research cut shares of Saia from an "outperform" rating to a "peer perform" rating in a research report on Thursday, April 11th. The Goldman Sachs Group increased their price target on shares of Saia from $504.00 to $567.00 and gave the company a "neutral" rating in a research report on Thursday, April 11th. Susquehanna increased their price target on shares of Saia from $500.00 to $625.00 and gave the company a "positive" rating in a research report on Thursday, February 8th. Bank of America increased their price target on shares of Saia from $600.00 to $645.00 and gave the company a "buy" rating in a research report on Tuesday, March 5th. Finally, Stifel Nicolaus cut shares of Saia from a "buy" rating to a "hold" rating and increased their price target for the company from $484.00 to $526.00 in a research report on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $500.84.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.