Saia, Inc. (NASDAQ:SAIA) Shares Acquired by Pitcairn Co.

Pitcairn Co. boosted its position in Saia, Inc. (NASDAQ:SAIA) by 2.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,534 shares of the transportation company’s stock after acquiring an additional 58 shares during the quarter. Pitcairn Co.’s holdings in Saia were worth $1,155,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in SAIA. Kestra Investment Management LLC acquired a new position in shares of Saia during the 4th quarter worth about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Saia by 172.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company’s stock worth $28,000 after purchasing an additional 38 shares during the last quarter. Atala Financial Inc acquired a new position in Saia in the fourth quarter valued at approximately $36,000. Huntington National Bank increased its stake in Saia by 291.7% in the fourth quarter. Huntington National Bank now owns 94 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 70 shares during the last quarter. Finally, Tortoise Investment Management LLC raised its holdings in Saia by 76.6% during the fourth quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company’s stock worth $51,000 after purchasing an additional 49 shares in the last quarter.

Saia Price Performance

Shares of NASDAQ SAIA opened at $322.38 on Friday. The company’s fifty day moving average is $416.37 and its two-hundred day moving average is $461.58. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. The firm has a market capitalization of $8.58 billion, a P/E ratio of 23.86, a PEG ratio of 2.24 and a beta of 1.89. Saia, Inc. has a one year low of $287.50 and a one year high of $624.55.

Saia (NASDAQ:SAIA) last issued its 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 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 quarter in the previous year, the company posted $3.33 earnings per share. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. Analysts forecast that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Analysts Set New Price Targets

SAIA has been the topic of a number of recent analyst reports. Cowen reaffirmed a “hold” rating on shares of Saia in a research report on Tuesday, February 4th. TD Cowen raised their price objective on Saia from $456.00 to $478.00 and gave the stock a “hold” rating in a report on Tuesday, February 4th. Stifel Nicolaus raised Saia from a “hold” rating to a “buy” rating and set a $524.00 target price for the company in a report on Monday, February 24th. Wells Fargo & Company dropped their price target on Saia from $510.00 to $400.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 27th. Finally, JPMorgan Chase & Co. reduced their price objective on Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $509.72.

Insider Activity at Saia

In other Saia news, EVP Patrick D. Sugar sold 799 shares of Saia stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $493.74, for a total transaction of $394,498.26. Following the completion of the transaction, the executive vice president now owns 8,629 shares in the company, valued at approximately $4,260,482.46. The trade was a 8.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Kelly W. Benton sold 460 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total transaction of $230,000.00. Following the completion of the sale, the chief accounting officer now owns 4,287 shares in the company, valued at $2,143,500. This represents a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,493 shares of company stock valued at $4,646,181 in the last ninety days. Corporate insiders own 0.30% of the company’s stock.

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.