Cookson Peirce & Co. Inc. Purchases 255 Shares of Saia, Inc. (NASDAQ:SAIA)

Cookson Peirce & Co. Inc. grew its position in shares of Saia, Inc. (NASDAQ:SAIA) by 48.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 782 shares of the transportation company’s stock after purchasing an additional 255 shares during the period. Cookson Peirce & Co. Inc.’s holdings in Saia were worth $343,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. bought a new stake in Saia during the fourth quarter worth about $26,000. KB Financial Partners LLC bought a new stake in shares of Saia in the 1st quarter valued at about $28,000. International Assets Investment Management LLC bought a new stake in shares of Saia in the 3rd quarter valued at about $45,000. NBC Securities Inc. bought a new stake in shares of Saia in the 3rd quarter valued at about $54,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of Saia in the 3rd quarter valued at about $59,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. UBS Group boosted their target price on Saia from $475.00 to $618.00 and gave the company a “buy” rating in a research note on Monday, February 5th. Benchmark boosted their price target on Saia from $575.00 to $625.00 and gave the company a “buy” rating in a report on Thursday, March 21st. Susquehanna boosted their price target on Saia from $500.00 to $625.00 and gave the company a “positive” rating in a report on Thursday, February 8th. BMO Capital Markets boosted their price target on Saia from $450.00 to $515.00 and gave the company a “market perform” rating in a report on Monday, February 5th. Finally, JPMorgan Chase & Co. initiated coverage on Saia in a report on Monday, March 11th. They set an “overweight” rating and a $676.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $500.84.

Saia Trading Down 2.7 %

SAIA stock opened at $541.29 on Thursday. The stock has a market capitalization of $14.39 billion, a PE ratio of 40.79, a price-to-earnings-growth ratio of 1.80 and a beta of 1.62. Saia, Inc. has a 12-month low of $244.69 and a 12-month high of $628.34. The stock’s 50 day simple moving average is $574.16 and its 200 day simple moving average is $474.02.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, February 2nd. The transportation company reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.20 by $0.13. The business had revenue of $751.10 million for the quarter, compared to analysts’ expectations of $745.48 million. Saia had a return on equity of 19.75% and a net margin of 12.31%. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. During the same period in the prior year, the firm posted $2.65 EPS. On average, research analysts predict that Saia, Inc. will post 16.13 earnings per share for the current year.

Insider Activity at Saia

In related news, VP Rohit Lal sold 2,870 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $536.55, for a total value of $1,539,898.50. Following the transaction, the vice president now directly owns 8,482 shares of the company’s stock, valued at approximately $4,551,017.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CFO Douglas L. Col sold 1,743 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $536.92, for a total transaction of $935,851.56. Following the transaction, the chief financial officer now directly owns 6,854 shares of the company’s stock, valued at approximately $3,680,049.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Rohit Lal sold 2,870 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total value of $1,539,898.50. Following the transaction, the vice president now directly owns 8,482 shares in the company, valued at $4,551,017.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,699 shares of company stock valued at $14,966,813. 0.30% of the stock is owned by corporate insiders.

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.