Candelo Capital Management LP Buys New Shares in Saia, Inc. (NASDAQ:SAIA)

Candelo Capital Management LP purchased a new position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,100 shares of the transportation company's stock, valued at approximately $3,111,000. Saia comprises 2.4% of Candelo Capital Management LP's holdings, making the stock its 16th biggest holding.

A number of other institutional investors have also recently bought and sold shares of the business. Ranger Investment Management L.P. increased its position in Saia by 0.6% during the fourth quarter. Ranger Investment Management L.P. now owns 70,173 shares of the transportation company's stock worth $30,751,000 after buying an additional 411 shares during the last quarter. Verition Fund Management LLC boosted its holdings in shares of Saia by 437.5% during the fourth quarter. Verition Fund Management LLC now owns 19,873 shares of the transportation company's stock worth $8,709,000 after acquiring an additional 16,176 shares during the period. Core Wealth Advisors Inc. bought a new stake in shares of Saia during the fourth quarter worth approximately $32,000. Natixis Investment Managers International boosted its holdings in shares of Saia by 53.7% during the fourth quarter. Natixis Investment Managers International now owns 95,730 shares of the transportation company's stock worth $41,951,000 after acquiring an additional 33,445 shares during the period. Finally, Tower Research Capital LLC TRC boosted its holdings in shares of Saia by 164.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,418 shares of the transportation company's stock worth $1,498,000 after acquiring an additional 2,126 shares during the period.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. The Goldman Sachs Group boosted their price objective on Saia from $504.00 to $567.00 and gave the stock a "neutral" rating in a report on Thursday, April 11th. Stifel Nicolaus cut Saia from a "buy" rating to a "hold" rating and boosted their price objective for the stock from $484.00 to $526.00 in a report on Tuesday, February 6th. TD Cowen reduced their price objective on Saia from $528.00 to $473.00 and set a "hold" rating for the company in a report on Monday, April 29th. StockNews.com cut Saia from a "hold" rating to a "sell" rating in a research note on Monday, April 29th. Finally, Raymond James increased their price target on Saia from $565.00 to $604.00 and gave the stock an "outperform" rating in a research report on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company's stock. Based on data from MarketBeat, Saia has a consensus rating of "Hold" and a consensus target price of $497.22.

Saia Price Performance

Shares of SAIA traded down $18.76 during trading hours on Tuesday, reaching $379.52. The stock had a trading volume of 563,677 shares, compared to its average volume of 343,272. Saia, Inc. has a 12 month low of $266.91 and a 12 month high of $628.34. The stock has a market capitalization of $10.09 billion, a PE ratio of 27.50, a PEG ratio of 1.26 and a beta of 1.71. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.23 and a current ratio of 1.23. The company's 50-day moving average is $510.43 and its two-hundred day moving average is $482.45.

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 net margin of 12.42% and a return on equity of 19.53%. The firm had revenue of $754.80 million during the quarter, compared to the consensus estimate of $772.36 million. During the same quarter in the previous year, the company posted $2.85 earnings per share. The firm's revenue was up 14.3% on a year-over-year basis. Research analysts expect that Saia, Inc. will post 15.33 EPS for the current year.

Insider Buying and Selling

In related news, Director John P. Gainor, Jr. bought 500 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was acquired at an average cost of $407.00 per share, with a total value of $203,500.00. Following the transaction, the director now directly owns 900 shares in the company, valued at $366,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.30% of the stock is owned by corporate insiders.

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.

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