Interval Partners LP bought a new position in Saia, Inc. (NASDAQ:SAIA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 195,793 shares of the transportation company's stock, valued at approximately $89,229,000. Saia accounts for approximately 1.8% of Interval Partners LP's investment portfolio, making the stock its 7th biggest holding. Interval Partners LP owned approximately 0.74% of Saia as of its most recent filing with the SEC.
Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Saia by 1.0% during 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 buying an additional 25,090 shares during the period. Alliancebernstein L.P. boosted its position in shares of Saia by 69.3% during the 4th 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 holdings 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 worth $170,598,000 after purchasing an additional 49,442 shares in the last quarter. Balyasny Asset Management L.P. increased its position 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. raised its stake in Saia by 76.2% in the fourth quarter. Ameriprise Financial Inc. now owns 355,929 shares of the transportation company's stock valued at $162,213,000 after purchasing an additional 153,896 shares in the last quarter.
Wall Street Analyst Weigh In
SAIA has been the topic of a number of research analyst reports. Barclays lowered shares of Saia from an "overweight" rating to an "equal weight" rating in a report on Tuesday, April 29th. Wolfe Research lowered Saia from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, April 29th. TD Cowen increased their price objective on Saia from $456.00 to $478.00 and gave the company a "hold" rating in a research report on Tuesday, February 4th. The Goldman Sachs Group dropped their target price on Saia from $485.00 to $387.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Finally, Wells Fargo & Company reduced their price objective on Saia from $400.00 to $260.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. Twelve research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, Saia has a consensus rating of "Hold" and a consensus target price of $342.58.
Read Our Latest Report on Saia
Saia Stock Performance
Shares of NASDAQ SAIA opened at $260.62 on Friday. The company has a 50 day simple moving average of $330.05 and a two-hundred day simple moving average of $435.90. The stock has a market cap of $6.94 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 2.24 and a beta of 2.03. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 12 month low of $229.12 and a 12 month high of $624.55.
Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share for the quarter, missing the consensus estimate of $2.77 by ($0.91). Saia had a return on equity of 16.63% and a net margin of 11.28%. The company had revenue of $787.58 million for the quarter, compared to analyst estimates of $806.18 million. During the same period in the prior year, the business posted $3.38 earnings per share. Saia's revenue for the quarter was up 4.3% on a year-over-year basis. As a group, analysts predict that Saia, Inc. will post 15.46 earnings per share for the current year.
Insider Buying and Selling at Saia
In related news, EVP Patrick D. Sugar sold 799 shares of the business's 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 completion of the transaction, the executive vice president now directly owns 8,629 shares in the company, valued at $4,260,482.46. The trade was a 8.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Matthew J. Batteh sold 700 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total transaction of $350,063.00. Following the sale, the chief financial officer now owns 3,326 shares in the company, valued at approximately $1,663,299.34. This represents a 17.39 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,493 shares of company stock valued at $4,646,181. 0.30% of the stock is owned by company insiders.
About Saia
(
Free Report)
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.
Featured Stories
Want to see what other hedge funds are holding SAIA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Saia, Inc. (NASDAQ:SAIA - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Saia, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Saia wasn't on the list.
While Saia currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Enter your email address to see which stocks MarketBeat analysts could become the next blockbuster growth stocks.
Get This Free Report
