Jennison Associates LLC Purchases 9,435 Shares of Saia, Inc. (NASDAQ:SAIA)

Jennison Associates LLC increased its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 8.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 127,896 shares of the transportation company’s stock after purchasing an additional 9,435 shares during the quarter. Jennison Associates LLC owned approximately 0.48% of Saia worth $58,286,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Greenleaf Trust grew its position in Saia by 6.4% in the fourth quarter. Greenleaf Trust now owns 613 shares of the transportation company’s stock worth $279,000 after acquiring an additional 37 shares in the last quarter. DAVENPORT & Co LLC increased its position in shares of Saia by 813.5% during the 4th quarter. DAVENPORT & Co LLC now owns 29,946 shares of the transportation company’s stock valued at $13,647,000 after purchasing an additional 26,668 shares during the last quarter. Hunter Associates Investment Management LLC raised its holdings in Saia by 8.2% during the 4th quarter. Hunter Associates Investment Management LLC now owns 7,090 shares of the transportation company’s stock valued at $3,230,000 after buying an additional 539 shares during the period. Pacer Advisors Inc. boosted its stake in Saia by 1.3% during the fourth quarter. Pacer Advisors Inc. now owns 3,982 shares of the transportation company’s stock worth $1,815,000 after buying an additional 51 shares during the period. Finally, KBC Group NV increased its position in Saia by 47.7% during the fourth quarter. KBC Group NV now owns 1,093 shares of the transportation company’s stock valued at $498,000 after acquiring an additional 353 shares during the last quarter.

Saia Trading Down 2.0 %

SAIA opened at $470.41 on Tuesday. The firm has a market cap of $12.51 billion, a price-to-earnings ratio of 33.60, a PEG ratio of 2.31 and a beta of 1.79. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The stock has a fifty day moving average price of $496.74 and a 200-day moving average price of $461.67. Saia, Inc. has a 12 month low of $358.90 and a 12 month high of $628.34.

Saia (NASDAQ:SAIA) last announced 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 return on equity of 18.00% and a net margin of 11.83%. The business had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. During the same quarter last 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. As a group, equities research analysts anticipate that Saia, Inc. will post 13.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. BMO Capital Markets lifted their price target on shares of Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a research note on Monday, October 28th. Bank of America reduced their price target on Saia from $612.00 to $600.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. The Goldman Sachs Group boosted their price objective on Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Citigroup reduced their target price on Saia from $651.00 to $644.00 and set a “buy” rating on the stock in a research note on Wednesday, December 4th. Finally, Stephens upped their price target on shares of Saia from $481.00 to $515.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. One analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $527.65.

Insiders Place Their Bets

In other news, EVP Rohit Lal sold 1,120 shares of the business’s stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $560.00, for a total value of $627,200.00. Following the completion of the transaction, the executive vice president now owns 8,270 shares of the company’s stock, valued at $4,631,200. The trade was a 11.93 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.30% of the company’s stock.

Saia Company 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.