Saia, Inc. (NASDAQ:SAIA) Holdings Raised by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. boosted its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 24,815.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 372,728 shares of the transportation company's stock after purchasing an additional 371,232 shares during the quarter. Balyasny Asset Management L.P. owned approximately 1.40% of Saia worth $169,863,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SAIA. BNP Paribas Financial Markets boosted its position in shares of Saia by 2,373.4% in the 4th quarter. BNP Paribas Financial Markets now owns 91,468 shares of the transportation company's stock worth $41,685,000 after buying an additional 87,770 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Saia by 76.2% in the fourth quarter. Ameriprise Financial Inc. now owns 355,929 shares of the transportation company's stock valued at $162,213,000 after purchasing an additional 153,896 shares in the last quarter. Freestone Grove Partners LP purchased a new stake in shares of Saia in the fourth quarter valued at about $36,208,000. Rehmann Capital Advisory Group grew its position in shares of Saia by 11.4% in the fourth quarter. Rehmann Capital Advisory Group now owns 536 shares of the transportation company's stock valued at $244,000 after purchasing an additional 55 shares during the last quarter. Finally, Comerica Bank increased its position in Saia by 9.8% during the 4th quarter. Comerica Bank now owns 68,590 shares of the transportation company's stock worth $31,258,000 after purchasing an additional 6,125 shares in the last quarter.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Bank of America cut shares of Saia from a "buy" rating to a "neutral" rating and set a $251.00 price target on the stock. in a research note on Monday, April 28th. Evercore ISI decreased their target price on shares of Saia from $415.00 to $298.00 and set an "outperform" rating on the stock in a research report on Monday, April 28th. Cowen reaffirmed a "hold" rating on shares of Saia in a research note on Tuesday, February 4th. Jefferies Financial Group reduced their price target on Saia from $560.00 to $455.00 and set a "buy" rating on the stock in a research note on Wednesday, April 9th. Finally, BMO Capital Markets downgraded Saia from an "outperform" rating to a "market perform" rating and lowered their price objective for the company from $455.00 to $285.00 in a research report on Friday, April 25th. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $342.58.

Insider Buying and Selling at Saia

In other Saia news, EVP Patrick D. Sugar sold 799 shares of the stock in a transaction 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 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 legal filing with the SEC, which is available through this link. Also, CAO Kelly W. Benton sold 460 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total transaction of $230,000.00. Following the transaction, the chief accounting officer now directly owns 4,287 shares of the company's stock, valued at approximately $2,143,500. This represents a 9.69 % 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 worth $4,646,181 in the last 90 days. 0.30% of the stock is owned by corporate insiders.

Saia Stock Down 1.8 %

SAIA traded down $4.62 during trading hours on Tuesday, reaching $254.53. 479,502 shares of the stock traded hands, compared to its average volume of 486,889. Saia, Inc. has a fifty-two week low of $229.12 and a fifty-two week high of $624.55. The company has a market cap of $6.78 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 2.24 and a beta of 2.03. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. The firm's fifty day simple moving average is $338.27 and its two-hundred day simple moving average is $439.23.

Saia (NASDAQ:SAIA - Get Free Report) last announced its earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share 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 business had revenue of $787.58 million for the quarter, compared to analyst estimates of $806.18 million. During the same quarter in the prior year, the business earned $3.38 earnings per share. The firm's revenue was up 4.3% on a year-over-year basis. As a group, analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

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.