Saia, Inc. (NASDAQ:SAIA) Shares Purchased by Yousif Capital Management LLC

Yousif Capital Management LLC raised its position in shares of Saia, Inc. (NASDAQ:SAIA) by 1.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,565 shares of the transportation company’s stock after purchasing an additional 165 shares during the period. Yousif Capital Management LLC’s holdings in Saia were worth $5,506,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SAIA. Artisan Partners Limited Partnership raised its holdings in shares of Saia by 68.1% in the 3rd quarter. Artisan Partners Limited Partnership now owns 802,094 shares of the transportation company’s stock worth $319,755,000 after purchasing an additional 325,031 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in Saia by 3.5% in the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 788,197 shares of the transportation company’s stock valued at $314,215,000 after buying an additional 26,798 shares during the period. Invesco Ltd. increased its stake in Saia by 9.9% in the 3rd quarter. Invesco Ltd. now owns 705,719 shares of the transportation company’s stock valued at $281,335,000 after buying an additional 63,794 shares during the period. Vaughan Nelson Investment Management L.P. increased its stake in Saia by 53.1% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 663,265 shares of the transportation company’s stock valued at $290,655,000 after buying an additional 230,058 shares during the period. Finally, Artemis Investment Management LLP grew its position in Saia by 4.7% in the fourth quarter. Artemis Investment Management LLP now owns 318,916 shares of the transportation company’s stock worth $139,755,000 after acquiring an additional 14,449 shares in the last quarter.

Insider Buying and Selling

In related news, VP Rohit Lal sold 2,870 shares of Saia stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the transaction, the vice president now owns 8,482 shares of the company’s stock, valued at approximately $4,551,017.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CEO Frederick J. Holzgrefe III sold 7,500 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $533.46, for a total value of $4,000,950.00. Following the completion of the transaction, the chief executive officer now directly owns 14,248 shares of the company’s stock, valued at $7,600,738.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP Rohit Lal sold 2,870 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the completion of the transaction, the vice president now directly owns 8,482 shares of the company’s stock, valued at $4,551,017.10. The disclosure for this sale can be found here. Insiders have sold 27,699 shares of company stock valued at $14,966,813 in the last 90 days. 0.30% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on SAIA shares. Bank of America boosted their target price on shares of Saia from $600.00 to $645.00 and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Stifel Nicolaus cut shares of Saia from a “buy” rating to a “hold” rating and upped their target price for the company from $484.00 to $526.00 in a research note on Tuesday, February 6th. BMO Capital Markets upped their target price on shares of Saia from $450.00 to $515.00 and gave the company a “market perform” rating in a research note on Monday, February 5th. Wolfe Research cut shares of Saia from an “outperform” rating to a “peer perform” rating in a research note on Thursday, April 11th. Finally, Raymond James increased their price objective on shares of Saia from $565.00 to $604.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, Saia currently has a consensus rating of “Moderate Buy” and an average price target of $500.84.

Saia Stock Up 2.9 %

Shares of NASDAQ:SAIA opened at $543.02 on Friday. Saia, Inc. has a 12 month low of $244.69 and a 12 month high of $628.34. The company’s 50-day moving average price is $570.78 and its two-hundred day moving average price is $478.85. The firm has a market cap of $14.44 billion, a P/E ratio of 40.92, a P/E/G ratio of 1.71 and a beta of 1.62.

Saia (NASDAQ:SAIA) last issued its earnings results on Friday, February 2nd. The transportation company reported $3.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.20 by $0.13. The company had revenue of $751.10 million for the quarter, compared to analyst estimates of $745.48 million. Saia had a net margin of 12.31% and a return on equity of 19.75%. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.65 EPS. As a group, equities analysts predict that Saia, Inc. will post 16.13 earnings per share for the current fiscal year.

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.