Driehaus Capital Management LLC raised its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 9.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 75,726 shares of the transportation company's stock after acquiring an additional 6,274 shares during the period. Driehaus Capital Management LLC owned approximately 0.28% of Saia worth $34,511,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in SAIA. Kestra Investment Management LLC acquired a new stake in shares of Saia during the 4th quarter valued at approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Saia by 172.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock worth $28,000 after purchasing an additional 38 shares in the last quarter. Atala Financial Inc acquired a new position in Saia in the 4th quarter valued at approximately $36,000. Huntington National Bank lifted its stake in shares of Saia by 291.7% in the fourth quarter. Huntington National Bank now owns 94 shares of the transportation company's stock valued at $43,000 after buying an additional 70 shares during the period. Finally, Tortoise Investment Management LLC boosted its stake in Saia by 76.6% in the 4th quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company's stock valued at $51,000 after buying an additional 49 shares in the last quarter.
Insiders Place Their Bets
In other news, CAO Kelly W. Benton sold 460 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total transaction of $230,000.00. Following the completion of the sale, the chief accounting officer now directly owns 4,287 shares of the company's stock, valued at $2,143,500. This represents a 9.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Matthew J. Batteh sold 700 shares of Saia stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total value of $350,063.00. Following the completion of 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. Corporate insiders own 0.30% of the company's stock.
Saia Trading Up 1.2%
SAIA stock traded up $3.43 during trading on Wednesday, hitting $288.48. 312,594 shares of the company traded hands, compared to its average volume of 494,847. Saia, Inc. has a 1 year low of $229.12 and a 1 year high of $624.55. The firm has a market capitalization of $7.68 billion, a PE ratio of 21.35, a P/E/G ratio of 2.24 and a beta of 2.03. The company has a 50-day moving average of $326.05 and a 200-day moving average of $433.83. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57.
Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The transportation company reported $1.86 earnings per share (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 firm had revenue of $787.58 million during the quarter, compared to the consensus estimate of $806.18 million. During the same period in the previous year, the business earned $3.38 EPS. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. Analysts predict that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several research firms have recently commented on SAIA. The Goldman Sachs Group cut their price objective on Saia from $485.00 to $387.00 and set a "neutral" rating for the company in a report on Monday, April 28th. Morgan Stanley set a $250.00 price target on shares of Saia in a report on Friday, April 25th. UBS Group dropped their price objective on Saia from $422.00 to $305.00 and set a "buy" rating for the company in a report on Monday, April 28th. Deutsche Bank Aktiengesellschaft cut shares of Saia from a "buy" rating to a "hold" rating and set a $273.00 target price for the company. in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. lowered their target price on shares of Saia from $436.00 to $299.00 and set an "overweight" rating on the stock in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $342.58.
View Our Latest Stock Report on Saia
About Saia
(
Free Report)
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.
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