Jennison Associates LLC Boosts Stake in Saia, Inc. (NASDAQ:SAIA)

Jennison Associates LLC boosted its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 8.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,896 shares of the transportation company’s stock after buying an additional 9,435 shares during the quarter. Jennison Associates LLC’s holdings in Saia were worth $58,286,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in SAIA. Greenleaf Trust lifted its stake in Saia by 6.4% during the 4th 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 grew its position in shares of Saia by 813.5% during the fourth quarter. DAVENPORT & Co LLC now owns 29,946 shares of the transportation company’s stock worth $13,647,000 after buying an additional 26,668 shares in the last quarter. Hunter Associates Investment Management LLC increased its position in shares of Saia by 8.2% in 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 purchasing an additional 539 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Saia by 1.3% in the 4th quarter. Pacer Advisors Inc. now owns 3,982 shares of the transportation company’s stock valued at $1,815,000 after purchasing an additional 51 shares in the last quarter. Finally, KBC Group NV increased its holdings in Saia by 47.7% in the fourth quarter. KBC Group NV now owns 1,093 shares of the transportation company’s stock valued at $498,000 after buying an additional 353 shares during the last quarter.

Analyst Upgrades and Downgrades

SAIA has been the topic of a number of research analyst reports. Susquehanna reissued a “neutral” rating and set a $530.00 price objective (down previously from $565.00) on shares of Saia in a report on Tuesday, January 7th. Jefferies Financial Group increased their target price on shares of Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. JPMorgan Chase & Co. boosted their price objective on shares of Saia from $499.00 to $566.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. Barclays dropped their target price on Saia from $620.00 to $600.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, Stifel Nicolaus increased their price target on shares of Saia from $443.00 to $529.00 and gave the company a “hold” rating in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $527.65.

Saia Stock Down 2.0 %

Shares of NASDAQ SAIA opened at $470.41 on Tuesday. The firm has a market cap of $12.51 billion, a P/E ratio of 33.60, a price-to-earnings-growth ratio of 2.31 and a beta of 1.79. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.26. Saia, Inc. has a 1 year low of $358.90 and a 1 year high of $628.34. The firm’s 50 day moving average price is $496.74 and its 200 day moving average price is $461.67.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data 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 company had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. During the same quarter in the previous year, the company earned $3.33 earnings per share. The company’s revenue was up 5.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Saia, Inc. will post 13.47 earnings per share for the current year.

Insider Buying and Selling at Saia

In related news, EVP Rohit Lal sold 1,120 shares of the company’s stock in a transaction on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total transaction of $627,200.00. Following the completion of the sale, the executive vice president now directly owns 8,270 shares of the company’s stock, valued at approximately $4,631,200. This represents a 11.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.30% of the stock is owned by company insiders.

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.