Saia, Inc. (NASDAQ:SAIA) Holdings Boosted by Clearbridge Investments LLC

Clearbridge Investments LLC boosted its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 5.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 119,033 shares of the transportation company’s stock after buying an additional 6,025 shares during the period. Clearbridge Investments LLC’s holdings in Saia were worth $54,247,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Oddo BHF Asset Management Sas purchased a new stake in shares of Saia in the third quarter worth approximately $1,408,000. Highview Capital Management LLC DE purchased a new stake in Saia in the 4th quarter worth approximately $1,324,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Saia during the 4th quarter valued at $3,363,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Saia by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 226,137 shares of the transportation company’s stock valued at $103,057,000 after acquiring an additional 4,972 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Saia by 13.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,804 shares of the transportation company’s stock worth $3,101,000 after acquiring an additional 788 shares during the last quarter.

Saia Stock Performance

NASDAQ SAIA opened at $349.43 on Tuesday. The company’s fifty day moving average is $428.96 and its two-hundred day moving average is $464.56. The firm has a market capitalization of $9.30 billion, a price-to-earnings ratio of 25.86, 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 current ratio of 1.57 and a quick ratio of 1.26. Saia, Inc. has a 52-week low of $342.68 and a 52-week high of $624.55.

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

Insider Activity at Saia

In other news, CAO Kelly W. Benton sold 460 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total value of $230,000.00. Following the sale, the chief accounting officer now directly owns 4,287 shares in the company, valued at approximately $2,143,500. This represents a 9.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Patrick D. Sugar sold 799 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $493.74, for a total value of $394,498.26. Following the completion of 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 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 quarter. 0.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have commented on SAIA shares. Susquehanna lowered their target price on Saia from $540.00 to $410.00 and set a “neutral” rating on the stock in a research note on Monday. TD Cowen increased their price objective on Saia from $456.00 to $478.00 and gave the stock a “hold” rating in a report on Tuesday, February 4th. Barclays cut their price objective on shares of Saia from $600.00 to $535.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. Raymond James decreased their target price on shares of Saia from $560.00 to $540.00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th. Finally, Wells Fargo & Company cut their price target on shares of Saia from $510.00 to $400.00 and set an “equal weight” rating on the stock in a report on Thursday, March 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, Saia has a consensus rating of “Moderate Buy” and a consensus target price of $513.06.

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.