American Century Companies Inc. Grows Stock Position in Saia, Inc. (NASDAQ:SAIA)

American Century Companies Inc. boosted its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 0.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 162,263 shares of the transportation company’s stock after purchasing an additional 256 shares during the quarter. American Century Companies Inc. owned approximately 0.61% of Saia worth $73,948,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of SAIA. Artemis Investment Management LLP raised its holdings in shares of 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 in the last quarter. Raymond James Financial Inc. acquired a new stake in Saia in the fourth quarter valued at $46,514,000. Stephens Investment Management Group LLC purchased a new stake in Saia during the 4th quarter worth about $45,767,000. Wasatch Advisors LP boosted its position in shares of Saia by 10.2% during the 3rd quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company’s stock worth $302,761,000 after acquiring an additional 64,351 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in shares of Saia during the 3rd quarter worth about $22,979,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Bank of America cut their target price on Saia from $565.00 to $484.00 and set a “buy” rating on the stock in a research report on Wednesday, March 5th. Wells Fargo & Company cut their price objective on shares of Saia from $550.00 to $510.00 and set an “equal weight” rating on the stock in a report on Tuesday, February 4th. Barclays lowered their target price on shares of Saia from $600.00 to $535.00 and set an “overweight” rating for the company in a report on Monday, March 10th. Stifel Nicolaus upgraded 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, Cowen restated a “hold” rating on shares of Saia in a research note on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $526.39.

Saia Stock Performance

Shares of SAIA opened at $378.49 on Wednesday. Saia, Inc. has a 1 year low of $342.68 and a 1 year high of $624.55. The stock has a market capitalization of $10.08 billion, a P/E ratio of 28.02, a P/E/G ratio of 2.24 and a beta of 1.89. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. The company’s fifty day moving average is $438.75 and its two-hundred day moving average is $466.01.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results 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 firm had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the company earned $3.33 earnings per share. On average, sell-side analysts predict that Saia, Inc. will post 15.46 earnings per share for the current year.

Insider Transactions at Saia

In other news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the company’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 of the company’s stock, valued at $8,599,114.30. This represents a 29.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Patrick D. Sugar sold 799 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $493.74, for a total transaction of $394,498.26. Following the completion of the sale, the executive vice president now owns 8,629 shares of the company’s stock, valued at $4,260,482.46. This trade represents a 8.47 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 9,493 shares of company stock valued at $4,646,181. Corporate insiders own 0.30% of the company’s stock.

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.