Lord Abbett & CO. LLC Buys 4,285 Shares of Saia, Inc. (NASDAQ:SAIA)

Lord Abbett & CO. LLC increased its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 3.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 113,497 shares of the transportation company's stock after acquiring an additional 4,285 shares during the quarter. Lord Abbett & CO. LLC owned approximately 0.43% of Saia worth $51,724,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. Kestra Investment Management LLC bought a new position in Saia in the fourth quarter worth approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Saia by 172.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock worth $28,000 after purchasing an additional 38 shares during the period. Atala Financial Inc bought a new position in shares of Saia in the 4th quarter worth $36,000. Huntington National Bank grew its position in Saia by 291.7% in the 4th quarter. Huntington National Bank now owns 94 shares of the transportation company's stock valued at $43,000 after purchasing an additional 70 shares during the period. Finally, Tortoise Investment Management LLC increased its stake in Saia by 76.6% during the 4th quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company's stock valued at $51,000 after purchasing an additional 49 shares in the last quarter.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. TD Cowen lifted their price objective on shares of Saia from $456.00 to $478.00 and gave the company a "hold" rating in a report on Tuesday, February 4th. Citigroup cut their target price on Saia from $498.00 to $435.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company lowered their price target on Saia from $400.00 to $260.00 and set an "equal weight" rating for the company in a research report on Monday. JPMorgan Chase & Co. cut their price objective on shares of Saia from $436.00 to $299.00 and set an "overweight" rating on the stock in a report on Monday. Finally, Evercore ISI dropped their price target on shares of Saia from $415.00 to $298.00 and set an "outperform" rating on the stock in a research report on Monday. Eleven research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, Saia presently has a consensus rating of "Hold" and a consensus target price of $358.21.

Insiders Place Their Bets

In other news, EVP Patrick D. Sugar sold 799 shares of the company's stock in a transaction dated Monday, February 10th. The stock was 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 approximately $4,260,482.46. This represents a 8.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the firm's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $487.34, for a total value of $3,671,619.56. Following the transaction, the chief executive officer now directly owns 17,645 shares in the company, valued at approximately $8,599,114.30. This represents a 29.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,493 shares of company stock worth $4,646,181 in the last ninety days. 0.30% of the stock is currently owned by insiders.

Saia Price Performance

SAIA stock traded up $7.28 during mid-day trading on Wednesday, reaching $243.93. 1,723,756 shares of the company traded hands, compared to its average volume of 481,222. Saia, Inc. has a 52-week low of $229.05 and a 52-week high of $624.55. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. The company has a market capitalization of $6.50 billion, a P/E ratio of 18.06, a P/E/G ratio of 2.24 and a beta of 1.99. The company has a fifty day moving average price of $353.86 and a 200-day moving average price of $446.16.

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

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.