Paloma Partners Management Co Takes $365,000 Position in Saia, Inc. (NASDAQ:SAIA)

Paloma Partners Management Co acquired a new position in Saia, Inc. (NASDAQ:SAIA) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 624 shares of the transportation company’s stock, valued at approximately $365,000.

Several other institutional investors also recently bought and sold shares of the company. Pineridge Advisors LLC acquired a new position in shares of Saia during the 4th quarter worth approximately $26,000. Rise Advisors LLC acquired a new position in shares of Saia during the 1st quarter worth approximately $40,000. Core Wealth Advisors Inc. purchased a new stake in shares of Saia during the 4th quarter valued at approximately $32,000. GAMMA Investing LLC purchased a new stake in shares of Saia during the 4th quarter valued at approximately $43,000. Finally, National Bank of Canada FI purchased a new stake in shares of Saia during the 4th quarter valued at approximately $44,000.

Saia Stock Down 2.6 %

Shares of SAIA stock traded down $10.22 on Monday, reaching $386.21. 880,142 shares of the stock were exchanged, compared to its average volume of 398,009. The company has a current ratio of 1.36, a quick ratio of 1.23 and a debt-to-equity ratio of 0.08. The business’s 50 day moving average price is $447.12 and its 200 day moving average price is $493.20. The company has a market capitalization of $10.27 billion, a price-to-earnings ratio of 27.99, a PEG ratio of 1.41 and a beta of 1.72. Saia, Inc. has a twelve month low of $341.26 and a twelve month high of $628.34.

Saia (NASDAQ:SAIA) last issued its 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). The firm had revenue of $754.80 million for the quarter, compared to analyst estimates of $772.36 million. Saia had a return on equity of 19.14% and a net margin of 12.26%. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.85 EPS. As a group, sell-side analysts expect that Saia, Inc. will post 15.32 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director John P. Gainor, Jr. bought 500 shares of the stock in a transaction that occurred on Thursday, May 2nd. The stock was purchased at an average price of $407.00 per share, for a total transaction of $203,500.00. Following the completion of the purchase, the director now owns 900 shares in the company, valued at approximately $366,300. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on SAIA shares. StockNews.com lowered shares of Saia from a “hold” rating to a “sell” rating in a research report on Monday, April 29th. Raymond James reduced their price target on shares of Saia from $540.00 to $520.00 and set an “outperform” rating on the stock in a research report on Monday, June 24th. JPMorgan Chase & Co. reduced their price target on shares of Saia from $676.00 to $580.00 and set an “overweight” rating on the stock in a research report on Monday, April 29th. UBS Group cut their target price on Saia from $618.00 to $541.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Finally, Evercore ISI boosted their target price on Saia from $523.00 to $566.00 and gave the company an “outperform” rating in a research report on Tuesday, June 25th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $490.18.

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.