Castlekeep Investment Advisors LLC Acquires New Shares in Saia, Inc. (NASDAQ:SAIA)

Castlekeep Investment Advisors LLC acquired a new position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,380 shares of the transportation company's stock, valued at approximately $2,908,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Saia by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 2,522,938 shares of the transportation company's stock valued at $1,149,779,000 after purchasing an additional 25,090 shares during the period. Alliancebernstein L.P. grew its stake in shares of Saia by 69.3% in the 4th quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company's stock valued at $883,941,000 after buying an additional 794,197 shares during the period. Voya Investment Management LLC raised its position in shares of Saia by 15.2% during the 4th quarter. Voya Investment Management LLC now owns 374,402 shares of the transportation company's stock valued at $170,598,000 after buying an additional 49,442 shares during the period. Balyasny Asset Management L.P. lifted its holdings in Saia by 24,815.0% in the fourth quarter. Balyasny Asset Management L.P. now owns 372,728 shares of the transportation company's stock valued at $169,863,000 after acquiring an additional 371,232 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in Saia by 76.2% in the fourth quarter. Ameriprise Financial Inc. now owns 355,929 shares of the transportation company's stock worth $162,213,000 after acquiring an additional 153,896 shares during the period.

Insider Activity at Saia

In other Saia news, EVP Patrick D. Sugar sold 799 shares of Saia stock in a transaction on Monday, February 10th. The shares were sold at an average price of $493.74, for a total value of $394,498.26. Following the transaction, the executive vice president now directly 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the stock in a transaction dated Monday, February 10th. The stock was 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 owns 17,645 shares of the company's stock, valued at $8,599,114.30. This trade represents a 29.92 % decrease in their position. 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 insiders.

Saia Stock Down 1.9 %

SAIA traded down $5.17 on Friday, reaching $260.62. The company's stock had a trading volume of 479,304 shares, compared to its average volume of 489,295. 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, Inc. has a fifty-two week low of $229.12 and a fifty-two week high of $624.55. The stock has a 50 day moving average of $330.05 and a two-hundred day moving average of $435.90. The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 19.29, a P/E/G ratio of 2.24 and a beta of 2.03.

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

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. JPMorgan Chase & Co. lowered their price target on Saia from $436.00 to $299.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Morgan Stanley set a $250.00 price target on shares of Saia in a research report on Friday, April 25th. Barclays cut shares of Saia from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, April 29th. Susquehanna cut their price objective on Saia from $540.00 to $410.00 and set a "neutral" rating on the stock in a report on Monday, March 31st. Finally, Stephens lowered shares of Saia from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $515.00 to $255.00 in a research note on Tuesday, April 29th. Twelve analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $342.58.

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.