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

Castlekeep Investment Advisors LLC acquired a new stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) during the fourth quarter, according to its most recent disclosure 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 large investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Saia by 1.0% during 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 during the last quarter. Alliancebernstein L.P. lifted its position 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 purchasing an additional 794,197 shares during the last quarter. Voya Investment Management LLC boosted its stake in shares of Saia by 15.2% during the fourth quarter. Voya Investment Management LLC now owns 374,402 shares of the transportation company's stock valued at $170,598,000 after purchasing an additional 49,442 shares during the period. Balyasny Asset Management L.P. grew its holdings in shares of 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 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% in the fourth quarter. Ameriprise Financial Inc. now owns 355,929 shares of the transportation company's stock worth $162,213,000 after buying an additional 153,896 shares during the period.

Saia Stock Up 0.6%

NASDAQ:SAIA traded up $1.68 during trading hours on Thursday, reaching $269.78. 194,706 shares of the company traded hands, compared to its average volume of 495,154. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The business's 50-day moving average price is $307.40 and its two-hundred day moving average price is $416.77. Saia, Inc. has a 1 year low of $229.12 and a 1 year high of $624.55. The stock has a market capitalization of $7.19 billion, a P/E ratio of 19.95, a P/E/G ratio of 2.24 and a beta of 2.03.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly 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). The company had revenue of $787.58 million during the quarter, compared to analysts' expectations of $806.18 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. Saia's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.38 EPS. Analysts predict that Saia, Inc. will post 15.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on SAIA. Wells Fargo & Company dropped their price target on shares of Saia from $400.00 to $260.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Wolfe Research downgraded shares of Saia from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, April 29th. Cowen reiterated a "hold" rating on shares of Saia in a report on Tuesday, February 4th. Evercore ISI cut their target price on Saia from $415.00 to $298.00 and set an "outperform" rating on the stock in a research note on Monday, April 28th. Finally, Barclays lowered Saia from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, April 29th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $345.16.

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.