Saia, Inc. (NASDAQ:SAIA) is Artemis Investment Management LLP’s 7th Largest Position

Artemis Investment Management LLP grew its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 72.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 249,782 shares of the transportation company’s stock after acquiring an additional 105,356 shares during the quarter. Saia comprises about 1.6% of Artemis Investment Management LLP’s investment portfolio, making the stock its 7th biggest holding. Artemis Investment Management LLP owned 0.94% of Saia worth $113,833,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Quarry LP purchased a new stake in Saia during the second quarter valued at $41,000. Paladin Wealth LLC purchased a new stake in shares of Saia during the 3rd quarter valued at about $40,000. Tobam bought a new position in shares of Saia in the 3rd quarter worth approximately $100,000. Blue Trust Inc. boosted its holdings in shares of Saia by 319.1% in the third quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock worth $135,000 after buying an additional 217 shares during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in shares of Saia by 148.0% in the fourth quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock worth $167,000 after buying an additional 219 shares during the last quarter.

Analyst Ratings Changes

Several research firms have weighed in on SAIA. Evercore ISI decreased their price target on shares of Saia from $503.00 to $488.00 and set an “outperform” rating on the stock in a research report on Thursday, October 3rd. Bank of America decreased their target price on Saia from $612.00 to $600.00 and set a “buy” rating on the stock in a report on Thursday. The Goldman Sachs Group boosted their price target on Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Barclays decreased their price objective on Saia from $620.00 to $600.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Susquehanna reiterated a “neutral” rating and set a $530.00 price objective (down from $565.00) on shares of Saia in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $522.59.

Saia Price Performance

NASDAQ:SAIA opened at $486.89 on Friday. The business’s 50-day moving average is $506.97 and its 200 day moving average is $459.83. Saia, Inc. has a 12 month low of $358.90 and a 12 month high of $628.34. The company has a market capitalization of $12.95 billion, a P/E ratio of 34.78, a P/E/G ratio of 2.12 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.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.53 by ($0.07). Saia had a return on equity of 18.00% and a net margin of 11.83%. The firm had revenue of $842.10 million during the quarter, compared to the consensus estimate of $839.82 million. During the same period in the previous year, the firm earned $3.67 EPS. The business’s revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts forecast that Saia, Inc. will post 13.49 earnings per share for the current fiscal year.

Insider Buying and Selling at Saia

In related news, EVP Rohit Lal sold 1,120 shares of Saia 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 in the company, valued at approximately $4,631,200. This trade represents a 11.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.30% of the stock is owned by company insiders.

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.