Marshall Wace LLP Invests $5.46 Million in Saia, Inc. (NASDAQ:SAIA)

Marshall Wace LLP acquired a new stake in Saia, Inc. (NASDAQ:SAIA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 11,974 shares of the transportation company's stock, valued at approximately $5,457,000.

Several other institutional investors and hedge funds have also recently modified their holdings of SAIA. Vanguard Group Inc. increased its position in shares of Saia by 1.0% during the fourth 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 period. Alliancebernstein L.P. increased its holdings in shares of Saia by 69.3% in 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. Allspring Global Investments Holdings LLC increased its stake in Saia by 4.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 261,803 shares of the transportation company's stock valued at $116,670,000 after purchasing an additional 11,177 shares during the last quarter. Artemis Investment Management LLP grew its position in shares of Saia by 72.9% in the 4th quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company's stock valued at $113,833,000 after buying an additional 105,356 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA raised its stake in Saia by 9.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 230,904 shares of the transportation company's stock worth $105,230,000 after acquiring an additional 20,372 shares in the last quarter.

Saia Trading Up 0.6 %

SAIA stock traded up $1.42 during midday trading on Tuesday, reaching $238.53. 435,531 shares of the company's stock traded hands, compared to its average volume of 472,158. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. Saia, Inc. has a fifty-two week low of $228.98 and a fifty-two week high of $624.55. The business has a 50-day moving average price of $358.20 and a two-hundred day moving average price of $447.63. The company has a market capitalization of $6.35 billion, a P/E ratio of 17.58, a PEG ratio of 2.24 and a beta of 1.99.

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 analysts' consensus estimates of $2.77 by ($0.91). Saia had a return on equity of 16.63% and a net margin of 11.28%. The business had revenue of $787.58 million for the quarter, compared to analysts' expectations of $806.18 million. During the same period last year, the company posted $3.38 earnings per share. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. Equities research analysts forecast that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Insider Activity

In other Saia news, CAO Kelly W. Benton sold 460 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total transaction of $230,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 4,287 shares of the company's stock, valued at $2,143,500. This trade represents a 9.69 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the transaction, the chief executive officer now directly owns 17,645 shares in the company, valued at $8,599,114.30. The trade was a 29.92 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,493 shares of company stock worth $4,646,181. 0.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

SAIA has been the topic of a number of research analyst reports. TD Cowen lifted their target price on Saia from $456.00 to $478.00 and gave the stock a "hold" rating in a research report on Tuesday, February 4th. Cowen reiterated a "hold" rating on shares of Saia in a research report on Tuesday, February 4th. Barclays lowered their price target on Saia from $475.00 to $290.00 and set an "overweight" rating on the stock in a report on Monday. The Goldman Sachs Group lowered their target price on shares of Saia from $485.00 to $387.00 and set a "neutral" rating on the stock in a report on Monday. Finally, Stifel Nicolaus set a $277.00 target price on Saia in a report on Monday. One analyst has rated the stock with a sell rating, nine have given a hold rating and eleven have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $358.21.

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.