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

Tortoise Investment Management LLC lifted its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 76.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Artemis Investment Management LLP boosted its stake in Saia by 72.9% in the fourth quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company’s stock valued at $113,833,000 after acquiring an additional 105,356 shares during the period. Raymond James Financial Inc. acquired a new position in Saia during the 4th quarter valued at approximately $46,514,000. Stephens Investment Management Group LLC bought a new position in Saia during the 4th quarter worth $45,767,000. Wasatch Advisors LP increased its position in Saia by 10.2% in the third quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company’s stock worth $302,761,000 after buying an additional 64,351 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in Saia in the third quarter valued at $22,979,000.

Saia Price Performance

Shares of NASDAQ SAIA opened at $361.59 on Wednesday. Saia, Inc. has a twelve month low of $358.90 and a twelve month high of $624.55. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The firm has a 50-day moving average of $459.97 and a two-hundred day moving average of $468.08. The company has a market capitalization of $9.63 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 2.24 and a beta of 1.89.

Saia (NASDAQ:SAIA) last released its earnings results on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing the consensus estimate 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 net margin of 11.28% and a return on equity of 16.63%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the company earned $3.33 earnings per share. As a group, analysts expect that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Raymond James lowered their price target on shares of Saia from $560.00 to $540.00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th. Cowen restated a “hold” rating on shares of Saia in a research report on Tuesday, February 4th. Jefferies Financial Group lifted their price target on Saia from $525.00 to $560.00 and gave the company a “buy” rating in a report on Friday, January 10th. Barclays reduced their price objective on Saia from $600.00 to $535.00 and set an “overweight” rating for the company in a research report on Monday. Finally, Bank of America lowered their target price on Saia from $565.00 to $484.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $526.39.

Insider Transactions at Saia

In other Saia news, CAO Kelly W. Benton sold 460 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total transaction of $230,000.00. Following the sale, the chief accounting officer now owns 4,287 shares in the company, valued at approximately $2,143,500. The trade was a 9.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were 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 represents a 29.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,493 shares of company stock valued at $4,646,181 in the last three months. 0.30% of the stock is currently owned by corporate 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.