Vanguard Group Inc. Buys 25,090 Shares of Saia, Inc. (NASDAQ:SAIA)

Vanguard Group Inc. raised its stake in Saia, Inc. (NASDAQ:SAIA) by 1.0% in the fourth quarter, Holdings Channel reports. The firm owned 2,522,938 shares of the transportation company’s stock after acquiring an additional 25,090 shares during the quarter. Vanguard Group Inc. owned about 0.09% of Saia worth $1,149,779,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Kestra Investment Management LLC acquired a new stake in shares of Saia in the 4th quarter valued at approximately $25,000. Atala Financial Inc bought a new stake in Saia during the fourth quarter worth $36,000. Tortoise Investment Management LLC lifted its stake in Saia by 76.6% in the fourth quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 49 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of Saia by 47.8% in the 4th quarter. Jones Financial Companies Lllp now owns 201 shares of the transportation company’s stock valued at $92,000 after acquiring an additional 65 shares during the period. Finally, Arcadia Investment Management Corp MI acquired a new position in shares of Saia during the 4th quarter worth about $154,000.

Analysts Set New Price Targets

Several brokerages recently issued reports on SAIA. Stifel Nicolaus upgraded shares of Saia from a “hold” rating to a “buy” rating and set a $524.00 target price for the company in a research note on Monday, February 24th. Jefferies Financial Group lifted their target price on Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Stephens restated an “overweight” rating and issued a $600.00 price target on shares of Saia in a research note on Thursday, February 6th. Bank of America cut their price target on Saia from $565.00 to $484.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Finally, Raymond James decreased their price objective on shares of Saia from $560.00 to $540.00 and set an “outperform” rating on the stock in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $520.28.

Insider Activity

In related news, EVP Patrick D. Sugar sold 799 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $493.74, for a total transaction of $394,498.26. Following the completion of the transaction, the executive vice president now directly owns 8,629 shares in the company, valued at $4,260,482.46. This represents a 8.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 17,645 shares in the company, valued at $8,599,114.30. This represents a 29.92 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,493 shares of company stock worth $4,646,181. 0.30% of the stock is currently owned by corporate insiders.

Saia Price Performance

Saia stock opened at $376.00 on Friday. The stock’s fifty day moving average price is $434.26 and its two-hundred day moving average price is $464.77. The firm has a market cap of $10.01 billion, a PE ratio of 27.83, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. Saia, Inc. has a one year low of $342.68 and a one year high of $624.55.

Saia (NASDAQ:SAIA) last posted 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). Saia had a net margin of 11.28% and a return on equity of 16.63%. The company had revenue of $789.00 million during the quarter, compared to analyst estimates of $794.69 million. During the same period last year, the firm earned $3.33 EPS. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, research analysts expect that Saia, Inc. will post 15.46 EPS for the current fiscal year.

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.