Everpar Advisors LLC Takes $585,000 Position in Saia, Inc. (NASDAQ:SAIA)

Everpar Advisors LLC bought a new stake in shares of Saia, Inc. (NASDAQ:SAIA) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,335 shares of the transportation company’s stock, valued at approximately $585,000.

Other hedge funds also recently bought and sold shares of the company. Contravisory Investment Management Inc. purchased a new stake in shares of Saia in the 4th quarter worth $26,000. GAMMA Investing LLC purchased a new position in shares of Saia during the 4th quarter valued at $43,000. National Bank of Canada FI bought a new position in Saia in the 4th quarter worth $44,000. NBC Securities Inc. purchased a new stake in Saia in the 3rd quarter worth $54,000. Finally, Benjamin F. Edwards & Company Inc. purchased a new position in shares of Saia in the fourth quarter valued at about $58,000.

Analyst Ratings Changes

A number of research analysts recently commented on the company. UBS Group dropped their price target on Saia from $618.00 to $541.00 and set a “buy” rating for the company in a research note on Monday, April 29th. TD Cowen cut their price objective on Saia from $528.00 to $473.00 and set a “hold” rating for the company in a research report on Monday, April 29th. Susquehanna boosted their target price on Saia from $500.00 to $625.00 and gave the stock a “positive” rating in a research report on Thursday, February 8th. StockNews.com downgraded Saia from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. Finally, Benchmark upped their price target on shares of Saia from $575.00 to $625.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $497.22.

Saia Stock Up 3.4 %

NASDAQ:SAIA traded up $13.20 during mid-day trading on Tuesday, hitting $406.46. 505,875 shares of the company’s stock traded hands, compared to its average volume of 343,232. The company has a fifty day moving average of $547.13 and a 200 day moving average of $480.17. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.23 and a current ratio of 1.23. Saia, Inc. has a twelve month low of $266.91 and a twelve month high of $628.34. The company has a market capitalization of $10.81 billion, a P/E ratio of 29.45, a P/E/G ratio of 1.26 and a beta of 1.71.

Saia (NASDAQ:SAIA) last released its earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.43 by ($0.05). Saia had a return on equity of 19.53% and a net margin of 12.42%. The company had revenue of $754.80 million for the quarter, compared to analysts’ expectations of $772.36 million. During the same period in the prior year, the firm posted $2.85 EPS. The firm’s revenue for the quarter was up 14.3% on a year-over-year basis. On average, analysts forecast that Saia, Inc. will post 15.38 EPS for the current year.

Insider Activity at Saia

In other Saia news, Director Donna E. Epps sold 400 shares of the stock in a transaction dated 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 directly owns 1,583 shares of the company’s stock, valued at approximately $894,616.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Donna E. Epps sold 400 shares of the business’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 value of $226,056.00. Following the completion of the sale, the director now directly owns 1,583 shares in the company, valued at $894,616.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Raymond R. Ramu sold 1,943 shares of Saia stock in a transaction on Friday, February 9th. The shares were sold at an average price of $565.83, for a total transaction of $1,099,407.69. Following the completion of the sale, the vice president now directly owns 4,447 shares in the company, valued at approximately $2,516,246.01. The disclosure for this sale can be found here. Insiders have sold a total of 5,586 shares of company stock worth $3,122,613 over the last quarter. Insiders own 0.30% of the company’s stock.

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.