Saia, Inc. (NASDAQ:SAIA) Shares Purchased by Jones Financial Companies Lllp

Jones Financial Companies Lllp boosted its holdings in Saia, Inc. (NASDAQ:SAIA) by 47.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 201 shares of the transportation company’s stock after purchasing an additional 65 shares during the quarter. Jones Financial Companies Lllp’s holdings in Saia were worth $92,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp boosted its holdings in shares of Saia by 3.1% during the third quarter. State Street Corp now owns 805,597 shares of the transportation company’s stock valued at $352,255,000 after acquiring an additional 24,351 shares during the period. Wasatch Advisors LP boosted its holdings in shares of Saia by 10.2% during the third quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company’s stock valued at $302,761,000 after acquiring an additional 64,351 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Saia by 1.4% during the third quarter. Geode Capital Management LLC now owns 471,667 shares of the transportation company’s stock valued at $206,292,000 after acquiring an additional 6,456 shares during the period. Westfield Capital Management Co. LP boosted its holdings in shares of Saia by 11.8% during the third quarter. Westfield Capital Management Co. LP now owns 303,582 shares of the transportation company’s stock valued at $132,744,000 after acquiring an additional 31,991 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Saia by 4.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 261,803 shares of the transportation company’s stock valued at $116,670,000 after acquiring an additional 11,177 shares during the period.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Saia in a report on Friday, March 7th. They set a “buy” rating and a $570.00 price target for the company. JPMorgan Chase & Co. reduced their price objective on shares of Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Jefferies Financial Group upped their price objective on shares of Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Citigroup reduced their price objective on shares of Saia from $544.00 to $498.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Finally, Bank of America reduced their price objective on shares of Saia from $565.00 to $484.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $526.39.

Insiders Place Their Bets

In other news, EVP Patrick D. Sugar sold 799 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $493.74, for a total value of $394,498.26. Following the transaction, the executive vice president now owns 8,629 shares in the company, valued at $4,260,482.46. This represents a 8.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the company’s stock in a transaction dated 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 transaction, the chief executive officer now owns 17,645 shares in the company, valued at $8,599,114.30. This represents a 29.92 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,493 shares of company stock worth $4,646,181. Company insiders own 0.30% of the company’s stock.

Saia Price Performance

NASDAQ SAIA opened at $353.64 on Monday. The stock’s 50-day moving average price is $452.28 and its two-hundred day moving average price is $467.36. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The company has a market cap of $9.42 billion, a PE ratio of 26.18, a PEG ratio of 2.24 and a beta of 1.89. Saia, Inc. has a 1 year low of $347.11 and a 1 year high of $624.55.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.87 by ($0.03). The company had revenue of $789.00 million for the quarter, compared to analyst estimates of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. Saia’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $3.33 EPS. On average, analysts predict that Saia, Inc. will post 15.46 EPS 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.