Next Century Growth Investors LLC Sells 3,434 Shares of Saia, Inc. $SAIA

Key Points

• Next Century Growth Investors LLC has reduced its stake in Saia, Inc. by 5.9%, now holding 54,338 shares valued at approximately $18.99 million, making it the 13th largest position in their portfolio.
• Saia's stock is currently down 1.6%, with a market capital of $8.07 billion and a P/E ratio of 27.96, as it ranges between a 52-week low of $229.12 and a high of $624.55.
• The company's latest earnings report revealed a net margin of 8.96% and earnings per share of $2.67, slightly above analysts' expectations, although quarterly revenue decreased 0.7% compared to last year.

Next Century Growth Investors LLC decreased its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 5.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 54,338 shares of the transportation company's stock after selling 3,434 shares during the period. Saia accounts for about 1.7% of Next Century Growth Investors LLC's holdings, making the stock its 13th largest position. Next Century Growth Investors LLC owned about 0.20% of Saia worth $18,987,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SAIA. Susquehanna Fundamental Investments LLC acquired a new stake in Saia in the 4th quarter valued at approximately $908,000. Boothbay Fund Management LLC grew its holdings in Saia by 33.5% in the 4th quarter. Boothbay Fund Management LLC now owns 1,927 shares of the transportation company's stock valued at $878,000 after buying an additional 484 shares during the last quarter. Northern Trust Corp grew its holdings in Saia by 26.9% in the 4th quarter. Northern Trust Corp now owns 232,233 shares of the transportation company's stock valued at $105,836,000 after buying an additional 49,183 shares during the last quarter. Comerica Bank grew its holdings in Saia by 9.8% in the 4th quarter. Comerica Bank now owns 68,590 shares of the transportation company's stock valued at $31,258,000 after buying an additional 6,125 shares during the last quarter. Finally, Rehmann Capital Advisory Group grew its holdings in Saia by 11.4% in the 4th quarter. Rehmann Capital Advisory Group now owns 536 shares of the transportation company's stock valued at $244,000 after buying an additional 55 shares during the last quarter.

Saia Price Performance

Shares of Saia stock traded up $4.10 during midday trading on Friday, hitting $296.46. 685,948 shares of the company were exchanged, compared to its average volume of 536,307. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 1.49. The firm has a market cap of $7.90 billion, a P/E ratio of 27.37, a PEG ratio of 13.67 and a beta of 1.99. Saia, Inc. has a 52 week low of $229.12 and a 52 week high of $624.55. The firm has a 50 day simple moving average of $296.31 and a 200-day simple moving average of $315.86.

Saia (NASDAQ:SAIA - Get Free Report) last posted its earnings results on Friday, July 25th. The transportation company reported $2.67 EPS for the quarter, topping the consensus estimate of $2.39 by $0.28. Saia had a return on equity of 12.42% and a net margin of 8.96%.The business had revenue of $817.12 million during the quarter, compared to the consensus estimate of $826.59 million. During the same quarter last year, the company earned $3.83 EPS. Saia's revenue was down .7% on a year-over-year basis. Research analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current year.

Analyst Ratings Changes

SAIA has been the topic of a number of research analyst reports. Evercore ISI raised their target price on Saia from $297.00 to $345.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Bank of America raised their price objective on Saia from $251.00 to $300.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. Stifel Nicolaus reiterated a "hold" rating and issued a $306.00 price objective (up previously from $277.00) on shares of Saia in a research report on Thursday, July 24th. Wall Street Zen upgraded Saia to a "sell" rating in a research report on Tuesday, May 13th. Finally, Wells Fargo & Company raised their price objective on Saia from $290.00 to $365.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and eleven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $347.16.

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.