TimesSquare Capital Management LLC Reduces Position in Saia, Inc. (NASDAQ:SAIA)

TimesSquare Capital Management LLC lessened its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 5.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 105,950 shares of the transportation company’s stock after selling 6,337 shares during the quarter. TimesSquare Capital Management LLC’s holdings in Saia were worth $48,285,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Oddo BHF Asset Management Sas purchased a new stake in shares of Saia in the third quarter valued at approximately $1,408,000. Highview Capital Management LLC DE purchased a new stake in Saia during the fourth quarter worth $1,324,000. Legato Capital Management LLC lifted its holdings in Saia by 100.6% during the fourth quarter. Legato Capital Management LLC now owns 1,565 shares of the transportation company’s stock worth $713,000 after buying an additional 785 shares during the period. MML Investors Services LLC lifted its holdings in Saia by 89.8% during the third quarter. MML Investors Services LLC now owns 4,313 shares of the transportation company’s stock worth $1,886,000 after buying an additional 2,041 shares during the period. Finally, ZWJ Investment Counsel Inc. lifted its holdings in Saia by 2.8% during the fourth quarter. ZWJ Investment Counsel Inc. now owns 59,870 shares of the transportation company’s stock worth $27,285,000 after buying an additional 1,644 shares during the period.

Saia Stock Performance

Shares of SAIA stock opened at $504.96 on Wednesday. The stock has a market cap of $13.43 billion, a PE ratio of 37.38, a price-to-earnings-growth ratio of 2.41 and a beta of 1.79. The business has a 50-day simple moving average of $485.59 and a 200-day simple moving average of $464.97. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 52-week low of $358.90 and a 52-week high of $628.34.

Saia (NASDAQ:SAIA) last announced its quarterly 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 net margin of 11.28% and a return on equity of 16.63%. 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 prior year, the business posted $3.33 earnings per share. The firm’s revenue was up 5.0% compared to the same quarter last year. On average, equities analysts expect that Saia, Inc. will post 15.46 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SAIA shares. Wells Fargo & Company lowered their target price on Saia from $550.00 to $510.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. BMO Capital Markets upped their target price on Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a report on Monday, October 28th. Stephens restated an “overweight” rating and set a $600.00 target price on shares of Saia in a report on Thursday, February 6th. JPMorgan Chase & Co. lowered their target price on Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. Finally, TD Cowen upped their price target on Saia from $456.00 to $478.00 and gave the stock a “hold” rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $535.41.

Insiders Place Their Bets

In other Saia news, EVP Patrick D. Sugar sold 799 shares of the company’s 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 sale, the executive vice president now owns 8,629 shares in the company, valued at approximately $4,260,482.46. This represents a 8.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $487.34, for a total value of $3,671,619.56. Following the completion of the sale, the chief executive officer now owns 17,645 shares in the company, valued at approximately $8,599,114.30. This represents a 29.92 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,453 shares of company stock worth $4,693,318. 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.