Victory Capital Management Inc. Has $52.38 Million Position in Saia, Inc. (NASDAQ:SAIA)

Victory Capital Management Inc. raised its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 37.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 119,522 shares of the transportation company's stock after buying an additional 32,353 shares during the period. Victory Capital Management Inc. owned about 0.45% of Saia worth $52,377,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Contravisory Investment Management Inc. acquired a new stake in Saia during the 4th quarter worth $26,000. GAMMA Investing LLC bought a new position in Saia during the 4th quarter worth about $43,000. NBC Securities Inc. bought a new position in shares of Saia in the 3rd quarter valued at about $54,000. Harvest Fund Management Co. Ltd bought a new position in shares of Saia in the 3rd quarter valued at about $59,000. Finally, Cullen Frost Bankers Inc. bought a new position in shares of Saia in the 3rd quarter valued at about $60,000.

Saia Trading Down 1.4 %

NASDAQ SAIA traded down $5.87 on Friday, hitting $400.08. The company's stock had a trading volume of 631,703 shares, compared to its average volume of 507,949. The company has a quick ratio of 2.01, a current ratio of 1.23 and a debt-to-equity ratio of 0.04. Saia, Inc. has a 1-year low of $266.91 and a 1-year high of $628.34. The company's 50-day moving average is $554.03 and its 200 day moving average is $479.91. The firm has a market cap of $10.64 billion, a PE ratio of 28.99, a PEG ratio of 1.26 and a beta of 1.71.

Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.43 by ($0.05). Saia had a net margin of 12.42% and a return on equity of 19.53%. The business had revenue of $754.80 million during the quarter, compared to analyst estimates of $772.36 million. During the same quarter last year, the company posted $2.85 earnings per share. The company's revenue was up 14.3% compared to the same quarter last year. As a group, analysts predict that Saia, Inc. will post 15.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on SAIA shares. Benchmark raised their price objective on Saia from $575.00 to $625.00 and gave the company a "buy" rating in a report on Thursday, March 21st. The Goldman Sachs Group raised their price objective on Saia from $504.00 to $567.00 and gave the company a "neutral" rating in a report on Thursday, April 11th. JPMorgan Chase & Co. decreased their price objective on Saia from $676.00 to $580.00 and set an "overweight" rating for the company in a report on Monday, April 29th. BMO Capital Markets decreased their price objective on Saia from $575.00 to $490.00 and set a "market perform" rating for the company in a report on Monday, April 29th. Finally, UBS Group reduced their price target on Saia from $618.00 to $541.00 and set a "buy" rating for the company in a report on Monday, April 29th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $497.22.

Insider Buying and Selling at Saia

In other news, CEO Frederick J. Holzgrefe III sold 7,500 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $533.46, for a total transaction of $4,000,950.00. Following the completion of the sale, the chief executive officer now directly owns 14,248 shares in the company, valued at $7,600,738.08. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, CEO Frederick J. Holzgrefe III sold 7,500 shares of the stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $533.46, for a total transaction of $4,000,950.00. Following the completion of the sale, the chief executive officer now directly owns 14,248 shares in the company, valued at $7,600,738.08. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Douglas L. Col sold 1,743 shares of the firm's stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $536.92, for a total transaction of $935,851.56. Following the completion of the sale, the chief financial officer now owns 6,854 shares of the company's stock, valued at $3,680,049.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,699 shares of company stock worth $14,966,813. 0.30% of the stock is currently owned by company insiders.

Saia Company 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.