MJP Associates Inc. ADV Makes New $220,000 Investment in Saia, Inc. (NASDAQ:SAIA)

MJP Associates Inc. ADV purchased a new position in shares of Saia, Inc. (NASDAQ:SAIA) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 501 shares of the transportation company’s stock, valued at approximately $220,000.

A number of other institutional investors have also recently bought and sold shares of SAIA. Commonwealth Equity Services LLC boosted its stake in shares of Saia by 1.9% in 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 in the last quarter. Metropolitan Life Insurance Co NY raised its holdings in shares of Saia by 2.3% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 1,631 shares of the transportation company’s stock valued at $342,000 after buying an additional 36 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of Saia by 1.3% in the third quarter. HighTower Advisors LLC now owns 2,947 shares of the transportation company’s stock valued at $1,181,000 after buying an additional 39 shares during the last quarter. M&T Bank Corp raised its holdings in shares of Saia by 0.8% in the third quarter. M&T Bank Corp now owns 5,133 shares of the transportation company’s stock valued at $2,046,000 after buying an additional 43 shares during the last quarter. Finally, RiverPark Advisors LLC raised its holdings in shares of Saia by 22.8% in the fourth quarter. RiverPark Advisors LLC now owns 232 shares of the transportation company’s stock valued at $102,000 after buying an additional 43 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Stifel Nicolaus cut Saia from a “buy” rating to a “hold” rating and lifted their price target for the company from $484.00 to $526.00 in a report on Tuesday, February 6th. JPMorgan Chase & Co. assumed coverage on Saia in a report on Monday, March 11th. They issued an “overweight” rating and a $676.00 price target for the company. UBS Group boosted their price objective on Saia from $475.00 to $618.00 and gave the stock a “buy” rating in a report on Monday, February 5th. Bank of America boosted their price objective on Saia from $600.00 to $645.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Finally, Benchmark boosted their price objective on Saia from $575.00 to $625.00 and gave the stock a “buy” rating in a report on Thursday, March 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $484.79.

Insider Transactions at Saia

In other news, Director Donna E. Epps sold 400 shares of the company’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 sale, the director now owns 1,583 shares in the company, valued at approximately $894,616.62. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Saia news, VP Rohit Lal sold 2,870 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the transaction, the vice president now owns 8,482 shares in the company, valued at approximately $4,551,017.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Donna E. Epps sold 400 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $565.14, for a total value of $226,056.00. Following the transaction, the director now owns 1,583 shares in the company, valued at approximately $894,616.62. The disclosure for this sale can be found here. Insiders have sold a total of 27,699 shares of company stock worth $14,966,813 in the last 90 days. Corporate insiders own 0.30% of the company’s stock.

Saia Stock Up 0.8 %

Shares of SAIA traded up $4.54 on Thursday, hitting $585.00. The company’s stock had a trading volume of 209,062 shares, compared to its average volume of 285,524. The firm’s fifty day moving average price is $543.23 and its 200-day moving average price is $455.43. Saia, Inc. has a fifty-two week low of $244.69 and a fifty-two week high of $628.34. The firm has a market capitalization of $15.56 billion, a price-to-earnings ratio of 44.08, a P/E/G ratio of 1.91 and a beta of 1.62.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, February 2nd. The transportation company reported $3.33 earnings per share for the quarter, topping analysts’ consensus estimates of $3.20 by $0.13. Saia had a return on equity of 19.75% and a net margin of 12.31%. The firm had revenue of $751.10 million during the quarter, compared to the consensus estimate of $745.48 million. During the same quarter in the prior year, the firm posted $2.65 EPS. The business’s revenue was up 14.5% on a year-over-year basis. As a group, equities analysts predict that Saia, Inc. will post 16.09 earnings per share for the current fiscal year.

Saia Company 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.