Saia, Inc. (NASDAQ:SAIA) Holdings Lifted by Tortoise Investment Management LLC

Tortoise Investment Management LLC boosted its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 76.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 113 shares of the transportation company’s stock after buying an additional 49 shares during the period. Tortoise Investment Management LLC’s holdings in Saia were worth $51,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. State Street Corp grew its stake in Saia by 3.1% during the 3rd quarter. State Street Corp now owns 805,597 shares of the transportation company’s stock valued at $352,255,000 after acquiring an additional 24,351 shares in the last quarter. Wasatch Advisors LP boosted its holdings in shares of Saia by 10.2% during the third quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company’s stock worth $302,761,000 after purchasing an additional 64,351 shares during the period. Geode Capital Management LLC grew its position in Saia by 1.4% during the third quarter. Geode Capital Management LLC now owns 471,667 shares of the transportation company’s stock valued at $206,292,000 after purchasing an additional 6,456 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in Saia by 11.8% in the 3rd quarter. Westfield Capital Management Co. LP now owns 303,582 shares of the transportation company’s stock valued at $132,744,000 after buying an additional 31,991 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its position in Saia by 4.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 261,803 shares of the transportation company’s stock worth $116,670,000 after buying an additional 11,177 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SAIA. Bank of America lowered their price target on shares of Saia from $565.00 to $484.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. Raymond James lowered their target price on Saia from $560.00 to $540.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. Cowen reaffirmed a “hold” rating on shares of Saia in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft began coverage on Saia in a research note on Friday, March 7th. They issued a “buy” rating and a $570.00 price target for the company. Finally, Stephens reaffirmed an “overweight” rating and set a $600.00 price objective on shares of Saia in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $526.39.

Saia Trading Down 1.4 %

Saia stock opened at $361.59 on Wednesday. Saia, Inc. has a 52 week low of $358.90 and a 52 week high of $624.55. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. The firm has a market capitalization of $9.63 billion, a PE ratio of 26.76, a PEG ratio of 2.24 and a beta of 1.89. The business’s 50-day simple moving average is $459.97 and its 200-day simple moving average is $468.08.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). The business had revenue of $789.00 million for the quarter, compared to analyst estimates of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm earned $3.33 earnings per share. Equities research analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current year.

Insider Activity at Saia

In related news, CEO Frederick J. Holzgrefe III sold 7,534 shares of Saia stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the sale, the chief executive officer now directly owns 17,645 shares of the company’s stock, valued at $8,599,114.30. This trade represents a 29.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Matthew J. Batteh sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total value of $350,063.00. Following the completion of the transaction, the chief financial officer now directly owns 3,326 shares of the company’s stock, valued at approximately $1,663,299.34. This trade represents a 17.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,493 shares of company stock worth $4,646,181 in the last ninety days. 0.30% of the stock is currently owned by insiders.

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.