Northern Trust Corp Raises Position in Saia, Inc. (NASDAQ:SAIA)

Northern Trust Corp lifted its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 26.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 232,233 shares of the transportation company's stock after purchasing an additional 49,183 shares during the quarter. Northern Trust Corp owned 0.87% of Saia worth $105,836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in SAIA. Kestra Investment Management LLC acquired a new stake in Saia during the fourth quarter valued at $25,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Saia by 172.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock valued at $28,000 after buying an additional 38 shares during the last quarter. Atala Financial Inc bought a new stake in shares of Saia in the 4th quarter valued at approximately $36,000. Huntington National Bank increased its holdings in Saia by 291.7% in the fourth quarter. Huntington National Bank now owns 94 shares of the transportation company's stock worth $43,000 after buying an additional 70 shares during the last quarter. Finally, Tortoise Investment Management LLC raised its position in Saia by 76.6% during the fourth quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company's stock valued at $51,000 after acquiring an additional 49 shares in the last quarter.

Insiders Place Their Bets

In other news, EVP Patrick D. Sugar sold 799 shares of Saia stock in a transaction on Monday, February 10th. The stock was sold at an average price of $493.74, for a total transaction of $394,498.26. Following the sale, 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 this hyperlink. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the company's stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now owns 17,645 shares in the company, valued at approximately $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 quarter, insiders have sold 9,493 shares of company stock worth $4,646,181. Corporate insiders own 0.30% of the company's stock.

Saia Price Performance

Shares of NASDAQ SAIA traded up $5.14 during mid-day trading on Wednesday, hitting $259.67. 741,321 shares of the stock traded hands, compared to its average volume of 487,903. Saia, Inc. has a twelve month low of $229.12 and a twelve month high of $624.55. The firm has a 50 day simple moving average of $335.27 and a two-hundred day simple moving average of $437.99. 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 cap of $6.92 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 2.24 and a beta of 2.03.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The transportation company reported $1.86 EPS for the quarter, missing analysts' consensus estimates of $2.77 by ($0.91). Saia had a net margin of 11.28% and a return on equity of 16.63%. The firm had revenue of $787.58 million during the quarter, compared to the consensus estimate of $806.18 million. During the same period in the prior year, the company posted $3.38 earnings per share. The company's revenue for the quarter was up 4.3% compared to the same quarter last year. As a group, equities research analysts forecast that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. UBS Group reduced their price objective on shares of Saia from $422.00 to $305.00 and set a "buy" rating for the company in a research note on Monday, April 28th. Evercore ISI decreased their price target on Saia from $415.00 to $298.00 and set an "outperform" rating for the company in a research note on Monday, April 28th. Stephens downgraded Saia from an "overweight" rating to an "equal weight" rating and cut their price objective for the company from $515.00 to $255.00 in a research note on Tuesday, April 29th. Wolfe Research cut Saia from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, April 29th. Finally, Susquehanna dropped their price target on shares of Saia from $540.00 to $410.00 and set a "neutral" rating on the stock in a research report on Monday, March 31st. Twelve equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Saia currently has an average rating of "Hold" and an average target price of $342.58.

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.