Madison Investment Advisors LLC Makes New $3.45 Million Investment in Saia, Inc. (NASDAQ:SAIA)

Madison Investment Advisors LLC bought a new position in shares of Saia, Inc. (NASDAQ:SAIA) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 7,573 shares of the transportation company’s stock, valued at approximately $3,451,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. CIBC Asset Management Inc boosted its position in shares of Saia by 3.5% in the third quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company’s stock valued at $337,000 after acquiring an additional 26 shares during the period. Pathstone Holdings LLC boosted its position in shares of Saia by 3.8% in the third quarter. Pathstone Holdings LLC now owns 9,390 shares of the transportation company’s stock valued at $4,106,000 after acquiring an additional 345 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Saia by 12.2% in the third quarter. PNC Financial Services Group Inc. now owns 3,540 shares of the transportation company’s stock valued at $1,548,000 after acquiring an additional 386 shares during the period. Avior Wealth Management LLC boosted its position in shares of Saia by 6.0% in the third quarter. Avior Wealth Management LLC now owns 1,134 shares of the transportation company’s stock valued at $496,000 after acquiring an additional 64 shares during the period. Finally, Segall Bryant & Hamill LLC boosted its position in shares of Saia by 19.9% in the third quarter. Segall Bryant & Hamill LLC now owns 24,896 shares of the transportation company’s stock valued at $10,886,000 after acquiring an additional 4,135 shares during the period.

Saia Stock Up 3.0 %

Shares of NASDAQ SAIA opened at $362.90 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 52 week low of $342.68 and a 52 week high of $624.55. The firm’s fifty day moving average is $442.22 and its 200 day moving average is $465.36. The company has a market cap of $9.66 billion, a price-to-earnings ratio of 26.86, a PEG ratio of 2.24 and a beta of 1.89.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on SAIA shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Saia in a research report on Friday, March 7th. They issued a “buy” rating and a $570.00 price objective for the company. TD Cowen raised their price objective on shares of Saia from $456.00 to $478.00 and gave the company a “hold” rating in a research report on Tuesday, February 4th. Cowen reiterated a “hold” rating on shares of Saia in a research report on Tuesday, February 4th. JPMorgan Chase & Co. dropped their target price on shares of Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. Finally, Citigroup dropped their target price on shares of Saia from $544.00 to $498.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $526.39.

Insider Buying and Selling

In other Saia news, EVP Patrick D. Sugar sold 799 shares of the business’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 transaction, the executive vice president now directly owns 8,629 shares of the company’s stock, valued at approximately $4,260,482.46. The trade was a 8.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the business’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the transaction, the chief executive officer now directly 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 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 three months. 0.30% of the stock is owned by company insiders.

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.