Bessemer Group Inc. Reduces Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

Bessemer Group Inc. decreased its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 14.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 381,913 shares of the transportation company's stock after selling 62,098 shares during the quarter. Bessemer Group Inc. owned approximately 1.43% of Saia worth $133,452,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Saia by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 2,522,938 shares of the transportation company's stock worth $1,149,779,000 after acquiring an additional 25,090 shares in the last quarter. Alliancebernstein L.P. boosted its stake in Saia by 69.3% in the fourth quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company's stock valued at $883,941,000 after acquiring an additional 794,197 shares during the last quarter. Voya Investment Management LLC grew 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 acquiring an additional 49,442 shares during the period. Balyasny Asset Management L.P. increased its stake in shares of Saia by 24,815.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 372,728 shares of the transportation company's stock worth $169,863,000 after purchasing an additional 371,232 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Saia by 76.2% during the 4th quarter. Ameriprise Financial Inc. now owns 355,929 shares of the transportation company's stock worth $162,213,000 after purchasing an additional 153,896 shares during the last quarter.

Saia Price Performance

NASDAQ SAIA traded up $6.52 on Friday, reaching $277.26. 1,143,585 shares of the company's stock traded hands, compared to its average volume of 524,766. Saia, Inc. has a 12 month low of $229.12 and a 12 month high of $624.55. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.43 and a quick ratio of 1.43. The stock has a 50-day simple moving average of $270.38 and a 200 day simple moving average of $374.69. The stock has a market cap of $7.38 billion, a PE ratio of 23.12, a P/E/G ratio of 7.09 and a beta of 2.00.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The transportation company reported $1.86 EPS for the quarter, missing analysts' consensus estimates of $2.77 by ($0.91). Saia had a net margin of 9.91% and a return on equity of 14.21%. The business had revenue of $787.58 million for the quarter, compared to the consensus estimate of $806.18 million. During the same quarter in the previous 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, research analysts predict that Saia, Inc. will post 15.46 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on SAIA. BMO Capital Markets lowered shares of Saia from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $455.00 to $285.00 in a research note on Friday, April 25th. JPMorgan Chase & Co. decreased their price target on shares of Saia from $436.00 to $299.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. The Goldman Sachs Group upgraded shares of Saia from a "neutral" rating to a "buy" rating and raised their price target for the stock from $387.00 to $410.00 in a research note on Monday, June 2nd. Barclays downgraded shares of Saia from an "overweight" rating to an "equal weight" rating in a report on Tuesday, April 29th. Finally, Morgan Stanley set a $250.00 price objective on shares of Saia in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Saia currently has a consensus rating of "Hold" and an average price target of $333.84.

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.