Ameriprise Financial Inc. Raises Position in Saia, Inc. (NASDAQ:SAIA)

Ameriprise Financial Inc. increased its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 76.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 355,929 shares of the transportation company's stock after purchasing an additional 153,896 shares during the period. Ameriprise Financial Inc. owned approximately 1.34% of Saia worth $162,213,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of SAIA. Franklin Resources Inc. grew its position in Saia by 6.0% in the third quarter. Franklin Resources Inc. now owns 68,474 shares of the transportation company's stock valued at $31,633,000 after acquiring an additional 3,886 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Saia by 148.0% during the 4th quarter. GAMMA Investing LLC now owns 367 shares of the transportation company's stock valued at $167,000 after purchasing an additional 219 shares during the last quarter. Everence Capital Management Inc. acquired a new position in Saia during the 4th quarter worth approximately $301,000. Fifth Third Wealth Advisors LLC lifted its stake in Saia by 16.7% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 1,110 shares of the transportation company's stock valued at $506,000 after purchasing an additional 159 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its stake in shares of Saia by 14.7% in the 4th quarter. Park Avenue Securities LLC now owns 1,267 shares of the transportation company's stock valued at $577,000 after acquiring an additional 162 shares during the last quarter.

Saia Stock Performance

SAIA traded down $5.17 during trading on Friday, hitting $260.62. 479,304 shares of the company traded hands, compared to its average volume of 488,395. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. The firm has a market cap of $6.94 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 2.24 and a beta of 2.03. The stock's fifty day moving average is $330.05 and its 200 day moving average is $435.75. Saia, Inc. has a one year low of $229.12 and a one year high of $624.55.

Saia (NASDAQ:SAIA - Get Free Report) last issued its earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.77 by ($0.91). Saia had a net margin of 11.28% and a return on equity of 16.63%. The firm had revenue of $787.58 million during the quarter, compared to the consensus estimate of $806.18 million. During the same quarter in the previous year, the firm earned $3.38 earnings per share. The business's quarterly revenue was up 4.3% compared to the same quarter last year. As a group, equities analysts predict that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Bank of America downgraded Saia from a "buy" rating to a "neutral" rating and set a $251.00 target price for the company. in a research report on Monday, April 28th. TD Cowen boosted their target price on shares of Saia from $456.00 to $478.00 and gave the stock a "hold" rating in a report on Tuesday, February 4th. Morgan Stanley set a $250.00 price target on shares of Saia in a research report on Friday, April 25th. Wells Fargo & Company dropped their price target on shares of Saia from $400.00 to $260.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Finally, Evercore ISI reduced their price objective on shares of Saia from $415.00 to $298.00 and set an "outperform" rating for the company in a research report on Monday, April 28th. Twelve analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $342.58.

Insider Buying and Selling at Saia

In related news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $487.34, for a total value of $3,671,619.56. Following the sale, the chief executive officer now owns 17,645 shares in the company, valued at approximately $8,599,114.30. This trade represents a 29.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Patrick D. Sugar sold 799 shares of the company's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $493.74, for a total value of $394,498.26. Following the completion of the transaction, the executive vice president now owns 8,629 shares in the company, valued at $4,260,482.46. This represents a 8.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,493 shares of company stock valued at $4,646,181 over the last three months. 0.30% of the stock is currently owned by insiders.

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.