301,054 Shares in Saia, Inc. (NASDAQ:SAIA) Bought by Select Equity Group L.P.

Select Equity Group L.P. purchased a new stake in Saia, Inc. (NASDAQ:SAIA - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund purchased 301,054 shares of the transportation company's stock, valued at approximately $137,199,000. Select Equity Group L.P. owned about 1.13% of Saia as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Fifth Third Wealth Advisors LLC increased its stake in shares of Saia by 16.7% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 1,110 shares of the transportation company's stock valued at $506,000 after purchasing an additional 159 shares during the period. Park Avenue Securities LLC grew its position in Saia by 14.7% during the 4th quarter. Park Avenue Securities LLC now owns 1,267 shares of the transportation company's stock worth $577,000 after purchasing an additional 162 shares in the last quarter. Oak Ridge Investments LLC grew its position in Saia by 2.7% during the 4th quarter. Oak Ridge Investments LLC now owns 20,731 shares of the transportation company's stock worth $9,448,000 after purchasing an additional 548 shares in the last quarter. Artemis Investment Management LLP grew its position in Saia by 72.9% during the 4th quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company's stock worth $113,833,000 after purchasing an additional 105,356 shares in the last quarter. Finally, Diversify Wealth Management LLC boosted its stake in shares of Saia by 21.7% during the 4th quarter. Diversify Wealth Management LLC now owns 1,904 shares of the transportation company's stock valued at $858,000 after buying an additional 340 shares during the period.

Analyst Ratings Changes

A number of research analysts have weighed in on SAIA shares. BMO Capital Markets lowered shares of Saia from an "outperform" rating to a "market perform" rating and cut their target price for the stock from $455.00 to $285.00 in a research report on Friday, April 25th. Stephens cut shares of Saia from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $515.00 to $255.00 in a research note on Tuesday, April 29th. Citigroup decreased their price target on shares of Saia from $498.00 to $435.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Bank of America increased their price target on shares of Saia from $251.00 to $300.00 and gave the company a "neutral" rating in a research note on Friday. Finally, Cowen restated a "hold" rating on shares of Saia in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have issued a buy rating to the company. According to MarketBeat, Saia currently has an average rating of "Hold" and an average price target of $345.16.

Saia Trading Down 1.4%

NASDAQ:SAIA traded down $3.91 during mid-day trading on Tuesday, hitting $277.58. 313,861 shares of the stock traded hands, compared to its average volume of 500,099. The stock has a market capitalization of $7.39 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 2.24 and a beta of 2.03. Saia, Inc. has a 52 week low of $229.12 and a 52 week high of $624.55. The firm's 50 day moving average is $317.78 and its two-hundred day moving average is $426.86. 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 posted its 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 firm had revenue of $787.58 million for the quarter, compared to analysts' expectations of $806.18 million. During the same period in the previous year, the company earned $3.38 EPS. The company's revenue was up 4.3% on a year-over-year basis. On average, equities research analysts predict that Saia, Inc. will post 15.46 earnings per share for the current year.

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.