Maven Securities LTD Takes Position in Saia, Inc. (NASDAQ:SAIA)

Maven Securities LTD acquired a new position in Saia, Inc. (NASDAQ:SAIA) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,960 shares of the transportation company’s stock, valued at approximately $893,000.

Other hedge funds also recently bought and sold shares of the company. Alliancebernstein L.P. raised its holdings in Saia by 69.3% in the 4th quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company’s stock worth $883,941,000 after purchasing an additional 794,197 shares during the period. Balyasny Asset Management L.P. grew its holdings in Saia by 24,815.0% during the 4th quarter. Balyasny Asset Management L.P. now owns 372,728 shares of the transportation company’s stock valued at $169,863,000 after buying an additional 371,232 shares in the last quarter. Interval Partners LP bought a new stake in Saia in the fourth quarter worth $89,229,000. Ameriprise Financial Inc. increased its holdings in shares of Saia by 76.2% in the 4th quarter. Ameriprise Financial Inc. now owns 355,929 shares of the transportation company’s stock worth $162,213,000 after buying an additional 153,896 shares during the last quarter. Finally, Norges Bank bought a new stake in Saia during the fourth quarter worth approximately $64,410,000.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on SAIA shares. Evercore ISI lowered their target price on shares of Saia from $415.00 to $298.00 and set an “outperform” rating for the company in a report on Monday, April 28th. JPMorgan Chase & Co. cut their price target on Saia from $436.00 to $299.00 and set an “overweight” rating on the stock in a research note on Monday, April 28th. Stephens downgraded shares of Saia from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $515.00 to $255.00 in a research note on Tuesday, April 29th. UBS Group decreased their price target on shares of Saia from $422.00 to $305.00 and set a “buy” rating for the company in a research report on Monday, April 28th. Finally, Morgan Stanley set a $250.00 price objective on Saia in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $342.58.

Insiders Place Their Bets

In related news, CAO Kelly W. Benton sold 460 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was 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 directly owns 4,287 shares of the company’s stock, valued at approximately $2,143,500. This trade represents a 9.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Matthew J. Batteh sold 700 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total transaction of $350,063.00. Following the completion of the transaction, the chief financial officer now owns 3,326 shares in the company, valued at approximately $1,663,299.34. This represents a 17.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.30% of the stock is owned by insiders.

Saia Price Performance

Shares of Saia stock opened at $285.05 on Wednesday. The business has a 50 day simple moving average of $326.05 and a two-hundred day simple moving average of $433.83. 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 stock has a market capitalization of $7.59 billion, a P/E ratio of 21.10, a PEG ratio of 2.24 and a beta of 2.03. Saia, Inc. has a 12 month low of $229.12 and a 12 month high of $624.55.

Saia (NASDAQ:SAIA) last issued its earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share for the quarter, missing the consensus estimate of $2.77 by ($0.91). Saia had a return on equity of 16.63% and a net margin of 11.28%. The company had revenue of $787.58 million for the quarter, compared to analyst estimates of $806.18 million. During the same quarter in the prior year, the firm earned $3.38 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, analysts predict that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Saia 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.