Tower Research Capital LLC TRC Grows Stock Position in Saia, Inc. (NASDAQ:SAIA)

Tower Research Capital LLC TRC increased its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 102.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,256 shares of the transportation company's stock after buying an additional 1,650 shares during the quarter. Tower Research Capital LLC TRC's holdings in Saia were worth $1,484,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tidal Investments LLC lifted its stake in Saia by 20.2% in the third quarter. Tidal Investments LLC now owns 4,282 shares of the transportation company's stock worth $1,872,000 after purchasing an additional 719 shares during the last quarter. Franklin Resources Inc. lifted its position in Saia by 6.0% in the third quarter. Franklin Resources Inc. now owns 68,474 shares of the transportation company's stock valued at $31,633,000 after purchasing an additional 3,886 shares during the last quarter. Oddo BHF Asset Management Sas purchased a new stake in shares of Saia during the third quarter valued at approximately $1,408,000. GAMMA Investing LLC grew its holdings in shares of Saia by 148.0% in the fourth quarter. GAMMA Investing LLC now owns 367 shares of the transportation company's stock worth $167,000 after purchasing an additional 219 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new position in shares of Saia in the fourth quarter worth $301,000.

Insider Activity at Saia

In other Saia news, CAO Kelly W. Benton sold 460 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total value of $230,000.00. Following the completion of the sale, the chief accounting officer now 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 owns 8,629 shares of the company's stock, valued at $4,260,482.46. The trade was a 8.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,493 shares of company stock valued at $4,646,181 over the last quarter. 0.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SAIA has been the subject of several recent analyst reports. Citigroup lowered their price objective on shares of Saia from $498.00 to $435.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. JPMorgan Chase & Co. reduced their target price on Saia from $436.00 to $299.00 and set an "overweight" rating on the stock in a research note on Monday. Wells Fargo & Company decreased their target price on Saia from $400.00 to $260.00 and set an "equal weight" rating for the company in a report on Monday. Stephens downgraded shares of Saia from an "overweight" rating to an "equal weight" rating and reduced their price objective for the company from $515.00 to $255.00 in a research report on Tuesday. Finally, BMO Capital Markets lowered shares of Saia from an "outperform" rating to a "market perform" rating and cut their target price for the company from $455.00 to $285.00 in a research note on Friday. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, Saia has an average rating of "Hold" and an average price target of $358.21.

Saia Trading Down 0.4 %

SAIA traded down $1.06 on Tuesday, hitting $236.05. The company had a trading volume of 597,640 shares, compared to its average volume of 472,662. The company has a market cap of $6.29 billion, a PE ratio of 17.51, a PEG ratio of 2.24 and a beta of 1.99. The business's fifty day simple moving average is $358.20 and its 200 day simple moving average is $447.63. Saia, Inc. has a 12-month low of $228.98 and a 12-month high of $624.55. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA - Get Free Report) last released its 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). The business had revenue of $787.58 million during the quarter, compared to analysts' expectations of $806.18 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The business's revenue for the quarter was up 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.38 EPS. Equities research analysts expect that Saia, Inc. will post 15.46 EPS for the current year.

About Saia

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.