American Century Companies Inc. Increases Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

American Century Companies Inc. increased its holdings in Saia, Inc. (NASDAQ:SAIA) by 0.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 162,263 shares of the transportation company’s stock after purchasing an additional 256 shares during the quarter. American Century Companies Inc.’s holdings in Saia were worth $73,948,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Kestra Investment Management LLC acquired a new stake in Saia during the 4th quarter valued at $25,000. Atala Financial Inc acquired a new stake in shares of Saia during the fourth quarter valued at $36,000. Tortoise Investment Management LLC boosted its stake in shares of Saia by 76.6% during the fourth quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company’s stock valued at $51,000 after acquiring an additional 49 shares during the last quarter. Jones Financial Companies Lllp increased its position in Saia by 47.8% during the 4th quarter. Jones Financial Companies Lllp now owns 201 shares of the transportation company’s stock worth $92,000 after purchasing an additional 65 shares in the last quarter. Finally, Arcadia Investment Management Corp MI acquired a new position in Saia in the 4th quarter valued at about $154,000.

Insider Activity at Saia

In related news, CFO Matthew J. Batteh sold 700 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total value of $350,063.00. Following the completion of the transaction, the chief financial officer now owns 3,326 shares of the company’s stock, valued at approximately $1,663,299.34. This represents a 17.39 % decrease in their ownership of the stock. The sale 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 firm’s stock in a transaction that occurred on Monday, February 10th. The shares were 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 of the company’s stock, valued at approximately $4,260,482.46. This trade represents a 8.47 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 9,493 shares of company stock valued at $4,646,181. Corporate insiders own 0.30% of the company’s stock.

Saia Trading Down 0.8 %

NASDAQ:SAIA opened at $378.49 on Wednesday. Saia, Inc. has a 12 month low of $342.68 and a 12 month high of $624.55. The business’s 50-day moving average is $438.75 and its two-hundred day moving average is $466.01. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. The firm has a market capitalization of $10.08 billion, a PE ratio of 28.02, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89.

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on SAIA shares. Stephens reiterated an “overweight” rating and set a $600.00 price target on shares of Saia in a report on Thursday, February 6th. Raymond James lowered their target price on shares of Saia from $560.00 to $540.00 and set an “outperform” rating for the company in a research note on Tuesday, February 4th. TD Cowen increased their price target on Saia from $456.00 to $478.00 and gave the stock a “hold” rating in a research note on Tuesday, February 4th. Cowen reaffirmed a “hold” rating on shares of Saia in a research report on Tuesday, February 4th. Finally, Jefferies Financial Group increased their target price on Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $526.39.

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.