Saia, Inc. (NASDAQ:SAIA) Shares Bought by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA lifted its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 9.7% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 230,904 shares of the transportation company’s stock after buying an additional 20,372 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Saia were worth $105,230,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Kestra Investment Management LLC acquired a new position in Saia during the fourth quarter worth $25,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Saia by 172.7% during 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 during the last quarter. Atala Financial Inc purchased a new position in Saia in the 4th quarter valued at about $36,000. Tortoise Investment Management LLC boosted its holdings in Saia by 76.6% in the 4th quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company’s stock worth $51,000 after buying an additional 49 shares during the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new stake in Saia during the 4th quarter worth approximately $64,000.

Insider Activity at Saia

In related news, CEO Frederick J. Holzgrefe III sold 7,534 shares of Saia stock in a transaction that occurred on 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 approximately $8,599,114.30. The trade was a 29.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Kelly W. Benton sold 460 shares of the stock in a transaction that occurred 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 sale, the chief accounting officer now owns 4,287 shares in the company, valued at approximately $2,143,500. This trade represents a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,493 shares of company stock worth $4,646,181. 0.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SAIA has been the topic of several research reports. TD Cowen raised their target price on Saia from $456.00 to $478.00 and gave the company a “hold” rating in a research report on Tuesday, February 4th. Susquehanna lowered their target price on shares of Saia from $540.00 to $410.00 and set a “neutral” rating on the stock in a research note on Monday, March 31st. The Goldman Sachs Group increased their target price on shares of Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Stifel Nicolaus raised shares of Saia from a “hold” rating to a “buy” rating and set a $524.00 price target on the stock in a research note on Monday, February 24th. Finally, Jefferies Financial Group upped their price objective on shares of Saia from $525.00 to $560.00 and gave the company a “buy” rating in a research note on Friday, January 10th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $509.72.

Saia Price Performance

Shares of SAIA opened at $322.38 on Friday. The firm has a 50-day simple moving average of $416.37 and a two-hundred day simple moving average of $461.58. The stock has a market cap of $8.58 billion, a PE ratio of 23.86, a P/E/G ratio of 2.24 and a beta of 1.89. Saia, Inc. has a 1-year low of $287.50 and a 1-year 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.

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