Pinebridge Investments L.P. Has $3.40 Million Holdings in Saia, Inc. (NASDAQ:SAIA)

Pinebridge Investments L.P. lifted its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 42.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,454 shares of the transportation company's stock after purchasing an additional 2,231 shares during the quarter. Pinebridge Investments L.P.'s holdings in Saia were worth $3,397,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Oddo BHF Asset Management Sas acquired a new position in shares of Saia in the 3rd quarter valued at $1,408,000. Highview Capital Management LLC DE acquired a new position in Saia in the 4th quarter worth about $1,324,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Saia during the 4th quarter valued at approximately $3,363,000. Charles Schwab Investment Management Inc. grew its stake in Saia by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 226,137 shares of the transportation company's stock valued at $103,057,000 after acquiring an additional 4,972 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Saia by 13.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,804 shares of the transportation company's stock worth $3,101,000 after acquiring an additional 788 shares during the period.

Analyst Ratings Changes

A number of brokerages recently weighed in on SAIA. Evercore ISI decreased their price target on shares of Saia from $415.00 to $298.00 and set an "outperform" rating on the stock in a research note on Monday. Susquehanna decreased their target price on Saia from $540.00 to $410.00 and set a "neutral" rating on the stock in a research report on Monday, March 31st. JPMorgan Chase & Co. dropped their price target on Saia from $436.00 to $299.00 and set an "overweight" rating for the company in a research report on Monday. Raymond James set a $310.00 price objective on shares of Saia and gave the stock an "outperform" rating in a research report on Monday. Finally, Bank of America lowered shares of Saia from a "buy" rating to a "neutral" rating and set a $251.00 price objective on the stock. in a report on Monday. Twelve investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Saia presently has an average rating of "Hold" and a consensus price target of $342.58.

Saia Trading Down 4.2 %

SAIA stock traded down $10.31 during trading on Thursday, reaching $233.70. 631,384 shares of the stock traded hands, compared to its average volume of 480,600. 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 52-week low of $229.12 and a 52-week high of $624.55. The firm has a market capitalization of $6.22 billion, a PE ratio of 17.31, a P/E/G ratio of 2.24 and a beta of 1.99. The business's 50 day moving average price is $350.60 and its 200-day moving average price is $444.77.

Saia (NASDAQ:SAIA - Get Free Report) last issued its 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). Saia had a return on equity of 16.63% and a net margin of 11.28%. The company had revenue of $787.58 million during the quarter, compared to analysts' expectations of $806.18 million. During the same period in the previous year, the company earned $3.38 EPS. Saia's quarterly revenue was up 4.3% on a year-over-year basis. As a group, sell-side analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current year.

Insider Activity

In other news, CAO Kelly W. Benton sold 460 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total transaction of $230,000.00. Following the transaction, the chief accounting officer now directly owns 4,287 shares of the company's stock, valued at approximately $2,143,500. This trade represents a 9.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the company's stock in a transaction 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 sale, the chief executive officer now owns 17,645 shares of the company's stock, valued at approximately $8,599,114.30. This trade represents a 29.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,493 shares of company stock worth $4,646,181 over the last ninety days. Corporate insiders own 0.30% of the company's stock.

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.