Susquehanna Fundamental Investments LLC Makes New Investment in Saia, Inc. (NASDAQ:SAIA)

Susquehanna Fundamental Investments LLC bought a new stake in Saia, Inc. (NASDAQ:SAIA - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,993 shares of the transportation company's stock, valued at approximately $908,000.

Other institutional investors have also added to or reduced their stakes in the company. Highview Capital Management LLC DE bought a new stake in shares of Saia during the fourth quarter worth approximately $1,324,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Saia during the 4th quarter valued at about $3,363,000. Charles Schwab Investment Management Inc. increased its stake in Saia by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 226,137 shares of the transportation company's stock valued at $103,057,000 after purchasing an additional 4,972 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of 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 in the last quarter. Finally, Legato Capital Management LLC lifted its position in shares of Saia by 100.6% during the fourth quarter. Legato Capital Management LLC now owns 1,565 shares of the transportation company's stock valued at $713,000 after purchasing an additional 785 shares in the last quarter.

Insider Buying and Selling at Saia

In related news, EVP Patrick D. Sugar sold 799 shares of the firm's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $493.74, for a total transaction of $394,498.26. Following the completion of the transaction, the executive vice president now owns 8,629 shares of the company's stock, valued at $4,260,482.46. This trade represents a 8.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Matthew J. Batteh sold 700 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was 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 in the company, valued at $1,663,299.34. The trade was a 17.39 % 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 ninety days. 0.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have weighed in on the company. Evercore ISI lowered their price target on Saia from $415.00 to $298.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. The Goldman Sachs Group decreased their target price 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. Barclays cut Saia from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, April 29th. Jefferies Financial Group decreased their price target on shares of Saia from $560.00 to $455.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Finally, Deutsche Bank Aktiengesellschaft downgraded Saia from a "buy" rating to a "hold" rating and set a $273.00 target price on the stock. in a research note on Thursday, May 1st. Twelve research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $342.58.

Saia Trading Up 2.1 %

Saia stock traded up $5.53 during trading hours on Thursday, hitting $265.50. The stock had a trading volume of 114,161 shares, compared to its average volume of 486,559. Saia, Inc. has a one year low of $229.12 and a one year 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. The business's 50 day simple moving average is $335.27 and its 200-day simple moving average is $437.99. The stock has a market cap of $7.07 billion, a price-to-earnings ratio of 19.65, a P/E/G ratio of 2.24 and a beta of 2.03.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The transportation company reported $1.86 earnings per share (EPS) 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 company's quarterly revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the business posted $3.38 EPS. On average, equities analysts predict that Saia, Inc. will post 15.46 EPS for the current fiscal 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.