Nisa Investment Advisors LLC raised its stake in Saia, Inc. (NASDAQ:SAIA – Free Report) by 71.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,069 shares of the transportation company’s stock after purchasing an additional 2,534 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Saia were worth $2,766,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in the stock. Ballentine Partners LLC increased its holdings in Saia by 3.9% during the fourth quarter. Ballentine Partners LLC now owns 2,247 shares of the transportation company’s stock worth $1,024,000 after buying an additional 85 shares during the last quarter. ZWJ Investment Counsel Inc. grew its position in shares of Saia by 2.8% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 59,870 shares of the transportation company’s stock valued at $27,285,000 after acquiring an additional 1,644 shares during the period. UMB Bank n.a. increased its stake in shares of Saia by 1.0% during the 4th quarter. UMB Bank n.a. now owns 3,707 shares of the transportation company’s stock worth $1,689,000 after purchasing an additional 37 shares during the last quarter. Diversify Wealth Management LLC raised its holdings in shares of Saia by 21.7% in the 4th quarter. Diversify Wealth Management LLC now owns 1,904 shares of the transportation company’s stock valued at $858,000 after purchasing an additional 340 shares during the period. Finally, Artemis Investment Management LLP lifted its stake in Saia by 72.9% in the 4th quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company’s stock valued at $113,833,000 after purchasing an additional 105,356 shares during the last quarter.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on SAIA shares. The Goldman Sachs Group boosted their price target on Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Citigroup dropped their price target on Saia from $651.00 to $644.00 and set a “buy” rating on the stock in a research note on Wednesday, December 4th. JPMorgan Chase & Co. lifted their price objective on shares of Saia from $499.00 to $566.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Evercore ISI dropped their price objective on shares of Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a research report on Thursday, October 3rd. Finally, Jefferies Financial Group raised their target price on shares of Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $527.65.
Saia Price Performance
Shares of NASDAQ SAIA opened at $494.30 on Friday. The stock has a market capitalization of $13.14 billion, a PE ratio of 35.31, a P/E/G ratio of 2.38 and a beta of 1.79. Saia, Inc. has a fifty-two week low of $358.90 and a fifty-two week high of $628.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.26. The business has a fifty day moving average price of $502.54 and a two-hundred day moving average price of $461.10.
Saia (NASDAQ:SAIA – Get Free Report) last posted its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 earnings per share for the quarter, missing the consensus estimate of $3.53 by ($0.07). Saia had a return on equity of 18.00% and a net margin of 11.83%. The firm had revenue of $842.10 million for the quarter, compared to the consensus estimate of $839.82 million. During the same period in the prior year, the company earned $3.67 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, equities analysts predict that Saia, Inc. will post 13.47 earnings per share for the current fiscal year.
Insider Activity
In other news, EVP Rohit Lal sold 1,120 shares of Saia stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total value of $627,200.00. Following the transaction, the executive vice president now owns 8,270 shares in the company, valued at approximately $4,631,200. This trade represents a 11.93 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.30% of the company’s stock.
Saia 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.
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