Simplicity Solutions LLC invests $287,000 in Saia, Inc. (NASDAQ:SAIA)

Simplicity Solutions LLC acquired a new position in Saia, Inc. in the fourth quarter. (NASDAQ:SAIA – Free Report), according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 655 shares of the transportation company, worth approximately $287,000.

Other hedge funds and other institutional investors have also recently changed their holdings in the company. Contravisory Investment Management Inc. bought a new position in Saia worth $26,000 during the fourth quarter. KB Financial Partners LLC bought a new position in Saia worth $28,000 during the first quarter. NBC Securities Inc. bought a new position in Saia worth $54,000 during the third quarter. Harvest Fund Management Co. Ltd bought a new position in Saia worth $59,000 in the third quarter. Finally, Cullen bought Frost Bankers Inc. a new position in Saia worth $60,000 in the third quarter.

Saia stock performance

NASDAQ:SAIA opened at $517.51 ​​on Friday. The company has a fifty-day moving average of $572.59 and a two-hundred-day moving average of $475.68. The stock has a market cap of $13.76 billion, a price-to-earnings ratio of 39.00, a price-to-earnings ratio of 1.69 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.

Saia (NASDAQ:SAIA – Get Free Report) last reported its earnings results on Friday, February 2nd. The transportation company reported $3.33 earnings per share for the quarter, beating analysts’ consensus estimates of $3.20 by $0.13. Saia had a net margin of 12.31% and a return on equity of 19.75%. The company had revenue of $751.10 million during the quarter, compared to analyst estimates of $745.48 million. In the same quarter of the previous year, the company earned $2.65 in earnings per share. The company’s revenue for the quarter increased 14.5% compared to the same quarter last year. Research analysts predict that Saia, Inc. will post earnings per share of 16.13 for the current year.

Insider transactions at Saia

In other news, CFO Douglas L. Col sold 1,812 shares of the company’s stock in a transaction on Tuesday, February 13. The shares were sold at an average price of $557.75, for a total transaction of $1,010,643.00. Following the completion of the sale, 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 Securities & Exchange Commission, which is available at this link. In other Saia news: CFO Douglas L. Col sold 1,812 shares of Saia in a transaction dated Tuesday, February 13. The shares were sold at an average price of $557.75, for a total transaction of $1,010,643.00. Following the completion of the sale, the chief financial officer now directly owns 5,623 shares of the company’s stock, valued at $3,136,228.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Rohit Lal sold 2,870 shares of the company’s stock in a transaction that occurred on Tuesday, February 6. The shares sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the completion of the transaction, the Vice President now directly owns 8,482 shares of the company’s stock, valued at approximately $4,551,017.10. The explanation of this sale can be found here. Insiders have sold 27,699 company shares worth $14,966,813 in the last 90 days. Currently, 0.30% of the shares are owned by corporate insiders.

Analysts set new price targets

SAIA has been the subject of several reports from research analysts. Benchmark raised their target price on shares of Saia from $575.00 to $625.00 and gave the company a “buy” rating in a research note on Thursday, March 21. The Goldman Sachs Group raised their price objective on shares of Saia from $504.00 to $567.00 and gave the company a “neutral” rating in a report on Thursday, April 11. BMO Capital Markets raised their price objective on shares of Saia from $450.00 to $515.00 and gave the company a “market perform” rating in a report on Monday, February 5th. Bank of America lifted their price objective on shares of Saia from $600.00 to $645.00 and gave the company a “buy” rating in a report on Tuesday, March 5. Finally, Wolfe Research downgraded shares of Saia from an “outperform” rating to a “peer perform” rating in a report on Thursday, April 11th. 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 company’s stock. According to MarketBeat.com, the company has a consensus rating of ‘Moderate Buy’ and a consensus target price of $500.84.

Check out our latest analysis on Saia

About Saia

(Free report)

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides services for shipments between 100 and 10,000 pounds; and other value-added services, including asset-free truckloads, expedited services and logistics services. It also offers other value-added services, including asset-free truckload, expedited and logistics services.

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Would you like to see which other hedge funds own SAIA? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Saia, Inc. (NASDAQ:SAIA – Free Report).

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