Cynosure Group LLC Grows Holdings in Saia, Inc. $SAIA

Cynosure Group LLC raised its position in shares of Saia, Inc. (NASDAQ:SAIA) by 44.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,780 shares of the transportation company’s stock after purchasing an additional 855 shares during the quarter. Cynosure Group LLC’s holdings in Saia were worth $762,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SAIA. Inspire Investing LLC bought a new position in Saia in the 1st quarter worth $303,000. Blueshift Asset Management LLC purchased a new position in shares of Saia in the first quarter valued at about $483,000. New Age Alpha Advisors LLC purchased a new position in shares of Saia in the first quarter valued at about $1,882,000. Intech Investment Management LLC boosted its stake in shares of Saia by 473.6% in the first quarter. Intech Investment Management LLC now owns 11,747 shares of the transportation company’s stock worth $4,105,000 after acquiring an additional 9,699 shares during the period. Finally, ZWJ Investment Counsel Inc. grew its position in shares of Saia by 87.1% during the second quarter. ZWJ Investment Counsel Inc. now owns 118,420 shares of the transportation company’s stock worth $32,446,000 after purchasing an additional 55,129 shares in the last quarter.

Insider Transactions at Saia

In other news, VP Raymond R. Ramu sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $266.57, for a total value of $266,570.00. Following the completion of the sale, the vice president directly owned 4,902 shares of the company’s stock, valued at $1,306,726.14. This trade represents a 16.94% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on SAIA shares. Barclays upped their price target on Saia from $315.00 to $350.00 and gave the stock an “overweight” rating in a research note on Monday, July 28th. Benchmark reissued a “buy” rating and issued a $360.00 target price on shares of Saia in a report on Thursday, September 25th. Stifel Nicolaus cut their target price on shares of Saia from $306.00 to $298.00 and set a “hold” rating for the company in a research note on Tuesday, October 28th. Wells Fargo & Company reduced their price target on shares of Saia from $365.00 to $330.00 and set an “equal weight” rating on the stock in a report on Monday, October 6th. Finally, Evercore ISI dropped their price objective on shares of Saia from $328.00 to $319.00 and set an “outperform” rating for the company in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $337.67.

Saia Price Performance

Saia stock opened at $271.46 on Friday. Saia, Inc. has a 52-week low of $229.12 and a 52-week high of $587.86. The company has a quick ratio of 1.49, a current ratio of 1.49 and a debt-to-equity ratio of 0.13. The firm’s fifty day moving average is $293.03 and its 200 day moving average is $289.05. The company has a market cap of $7.23 billion, a price-to-earnings ratio of 25.07, a PEG ratio of 12.90 and a beta of 2.07.

Saia (NASDAQ:SAIA) last posted its earnings results on Thursday, October 30th. The transportation company reported $2.81 earnings per share for the quarter, topping analysts’ consensus estimates of $2.53 by $0.28. The firm had revenue of $839.64 million for the quarter, compared to the consensus estimate of $824.06 million. Saia had a net margin of 8.96% and a return on equity of 12.42%. The business’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the previous year, the firm posted $3.46 EPS. Sell-side analysts forecast that Saia, Inc. will post 15.46 EPS for the current fiscal year.

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.