Driehaus Capital Management LLC Purchases 6,274 Shares of Saia, Inc. (NASDAQ:SAIA)

Driehaus Capital Management LLC increased its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 9.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 75,726 shares of the transportation company's stock after acquiring an additional 6,274 shares during the quarter. Driehaus Capital Management LLC owned about 0.28% of Saia worth $34,511,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SAIA. Crestline Management LP acquired a new stake in Saia during the 4th quarter worth approximately $3,639,000. Centiva Capital LP raised its stake in shares of Saia by 13.8% during the 4th quarter. Centiva Capital LP now owns 1,234 shares of the transportation company's stock worth $562,000 after purchasing an additional 150 shares in the last quarter. Captrust Financial Advisors bought a new position in shares of Saia in the fourth quarter valued at $632,000. Castlekeep Investment Advisors LLC acquired a new position in Saia during the fourth quarter worth $2,908,000. Finally, Balyasny Asset Management L.P. raised its position in Saia by 24,815.0% during the fourth quarter. Balyasny Asset Management L.P. now owns 372,728 shares of the transportation company's stock worth $169,863,000 after acquiring an additional 371,232 shares in the last quarter.

Analyst Ratings Changes

SAIA has been the subject of several recent analyst reports. Jefferies Financial Group cut their target price on shares of Saia from $560.00 to $455.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. BMO Capital Markets lowered shares of Saia from an "outperform" rating to a "market perform" rating and dropped their price objective for the company from $455.00 to $285.00 in a research report on Friday, April 25th. Stephens lowered shares of Saia from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $515.00 to $255.00 in a research note on Tuesday, April 29th. JPMorgan Chase & Co. cut their price objective on shares of Saia from $436.00 to $299.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Finally, Wolfe Research downgraded Saia from an "outperform" rating to a "peer perform" rating in a research report on Tuesday, April 29th. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $342.58.

Insiders Place Their Bets

In related news, CAO Kelly W. Benton sold 460 shares of Saia 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Matthew J. Batteh sold 700 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total transaction of $350,063.00. Following the sale, the chief financial officer now directly owns 3,326 shares in the company, valued at approximately $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. Company insiders own 0.30% of the company's stock.

Saia Stock Performance

Shares of Saia stock traded up $32.29 during trading hours on Monday, hitting $292.91. 1,672,973 shares of the company's stock traded hands, compared to its average volume of 494,029. The stock has a market capitalization of $7.80 billion, a price-to-earnings ratio of 21.68, a PEG ratio of 2.24 and a beta of 2.03. Saia, Inc. has a 12-month low of $229.12 and a 12-month high of $624.55. 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 fifty day simple moving average of $328.00 and a 200-day simple moving average of $434.88.

Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The transportation company reported $1.86 EPS 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 the consensus estimate of $806.18 million. During the same period in the prior year, the firm posted $3.38 EPS. The business's revenue was up 4.3% on a year-over-year basis. Equities research analysts anticipate that Saia, Inc. will post 15.46 EPS for the current fiscal 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.