Saia, Inc. (NASDAQ:SAIA) Position Raised by Alliancebernstein L.P.

Alliancebernstein L.P. lifted its position in shares of Saia, Inc. (NASDAQ:SAIA) by 69.3% in the 4th quarter, Holdings Channel reports. The fund owned 1,939,615 shares of the transportation company’s stock after buying an additional 794,197 shares during the period. Alliancebernstein L.P. owned about 0.07% of Saia worth $883,941,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of SAIA. Oddo BHF Asset Management Sas acquired a new position in Saia during the 3rd quarter valued at about $1,408,000. Highview Capital Management LLC DE acquired a new position in shares of Saia during the fourth quarter worth approximately $1,324,000. Y Intercept Hong Kong Ltd bought a new position in Saia in the 4th quarter worth approximately $3,363,000. Charles Schwab Investment Management Inc. grew its holdings in Saia by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 226,137 shares of the transportation company’s stock worth $103,057,000 after buying an additional 4,972 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Saia by 13.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,804 shares of the transportation company’s stock valued at $3,101,000 after acquiring an additional 788 shares during the period.

Saia Trading Down 4.5 %

NASDAQ:SAIA opened at $359.00 on Monday. The stock has a fifty day simple moving average of $431.71 and a 200 day simple moving average of $465.06. The firm has a market capitalization of $9.56 billion, a price-to-earnings ratio of 26.57, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89. Saia, Inc. has a 1-year low of $342.68 and a 1-year high of $624.55. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last announced 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). Saia had a return on equity of 16.63% and a net margin of 11.28%. The firm had revenue of $789.00 million during the quarter, compared to analyst estimates of $794.69 million. During the same quarter in the previous year, the business earned $3.33 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. Sell-side analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. The Goldman Sachs Group increased their price target on Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. decreased their target price on shares of Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft started coverage on shares of Saia in a research report on Friday, March 7th. They set a “buy” rating and a $570.00 price target on the stock. Wells Fargo & Company decreased their price objective on shares of Saia from $510.00 to $400.00 and set an “equal weight” rating for the company in a report on Thursday. Finally, Bank of America dropped their target price on Saia from $565.00 to $484.00 and set a “buy” rating on the stock in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $520.28.

Insider Buying and Selling

In other news, EVP Patrick D. Sugar sold 799 shares of Saia stock in a transaction on Monday, February 10th. The stock was sold at an average price of $493.74, for a total transaction of $394,498.26. Following the transaction, the executive vice president now owns 8,629 shares in the company, valued at approximately $4,260,482.46. The trade was a 8.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Matthew J. Batteh sold 700 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total value of $350,063.00. Following the completion of the sale, the chief financial officer now directly owns 3,326 shares of the company’s stock, valued at approximately $1,663,299.34. This represents a 17.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,493 shares of company stock valued at $4,646,181. Company insiders own 0.30% of the company’s stock.

Saia Company 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.