Northern Trust Corp Purchases 49,183 Shares of Saia, Inc. (NASDAQ:SAIA)

Northern Trust Corp lifted its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 26.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 232,233 shares of the transportation company's stock after acquiring an additional 49,183 shares during the quarter. Northern Trust Corp owned approximately 0.87% of Saia worth $105,836,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of SAIA. Alliancebernstein L.P. boosted its stake in shares of Saia by 69.3% during the fourth quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company's stock valued at $883,941,000 after purchasing an additional 794,197 shares in the last quarter. Norges Bank bought a new position in Saia during the fourth quarter worth $64,410,000. Artemis Investment Management LLP boosted its stake in Saia by 72.9% during the fourth quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company's stock worth $113,833,000 after acquiring an additional 105,356 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Saia in the fourth quarter worth $46,514,000. Finally, Stephens Investment Management Group LLC bought a new stake in Saia in the fourth quarter valued at $45,767,000.

Saia Stock Performance

Shares of SAIA stock traded down $4.65 during trading hours on Friday, hitting $261.14. 239,430 shares of the company were exchanged, compared to its average volume of 487,202. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $6.96 billion, a price-to-earnings ratio of 19.33, a P/E/G ratio of 2.24 and a beta of 2.03. The firm has a fifty day simple moving average of $332.78 and a 200 day simple moving average of $436.91. Saia, Inc. has a 52-week low of $229.12 and a 52-week 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 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 business had revenue of $787.58 million for the quarter, compared to analysts' expectations of $806.18 million. During the same quarter in the previous year, the company posted $3.38 earnings per share. The business's quarterly revenue was up 4.3% compared to the same quarter last year. Research analysts predict that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Insider Transactions at Saia

In other Saia news, CAO Kelly W. Benton sold 460 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total value of $230,000.00. Following the sale, the chief accounting officer now directly owns 4,287 shares in the company, valued at $2,143,500. This represents a 9.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Matthew J. Batteh sold 700 shares of the business'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 transaction, the chief financial officer now owns 3,326 shares of the company's stock, valued at $1,663,299.34. This trade represents a 17.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,493 shares of company stock valued at $4,646,181 over the last three months. Company insiders own 0.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Stifel Nicolaus set a $277.00 target price on Saia in a research report on Monday, April 28th. Raymond James set a $310.00 price objective on Saia and gave the company an "outperform" rating in a report on Monday, April 28th. UBS Group cut their target price on Saia from $422.00 to $305.00 and set a "buy" rating on the stock in a report on Monday, April 28th. The Goldman Sachs Group decreased their price target on shares of Saia from $485.00 to $387.00 and set a "neutral" rating for the company in a research note on Monday, April 28th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Saia from a "buy" rating to a "hold" rating and set a $273.00 price objective on the stock. in a research note on Thursday, May 1st. Twelve equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $342.58.

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.