Castlekeep Investment Advisors LLC Buys Shares of 6,380 Saia, Inc. (NASDAQ:SAIA)

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

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SAIA. Highview Capital Management LLC DE bought a new stake in Saia during the 4th quarter worth approximately $1,324,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in Saia by 72.3% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 90,552 shares of the transportation company's stock worth $41,267,000 after purchasing an additional 38,000 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Saia by 9.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 84,483 shares of the transportation company's stock worth $38,501,000 after buying an additional 7,036 shares during the period. Vident Advisory LLC grew its holdings in shares of Saia by 31.6% during the fourth quarter. Vident Advisory LLC now owns 882 shares of the transportation company's stock worth $402,000 after buying an additional 212 shares in the last quarter. Finally, Tidal Investments LLC raised its position in Saia by 4.7% in the 4th quarter. Tidal Investments LLC now owns 4,482 shares of the transportation company's stock valued at $2,043,000 after buying an additional 200 shares during the last quarter.

Saia Price Performance

Shares of NASDAQ SAIA traded up $10.69 during mid-day trading on Tuesday, reaching $275.01. The company had a trading volume of 904,277 shares, compared to its average volume of 497,807. The firm has a market cap of $7.32 billion, a price-to-earnings ratio of 20.36, a PEG ratio of 2.24 and a beta of 2.03. The business's 50-day simple moving average is $309.29 and its 200 day simple moving average is $417.80. Saia, Inc. has a one year low of $229.12 and a one year high of $624.55. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57.

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

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Evercore ISI cut their price objective 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. Wells Fargo & Company dropped their target price on Saia from $400.00 to $260.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. TD Cowen boosted their price target on Saia from $456.00 to $478.00 and gave the stock a "hold" rating in a research report on Tuesday, February 4th. Stephens cut shares of Saia from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $515.00 to $255.00 in a research note on Tuesday, April 29th. Finally, The Goldman Sachs Group dropped their price target on shares of Saia from $485.00 to $387.00 and set a "neutral" rating on the stock in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $345.16.

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.