Victory Capital Management Inc. Buys 32,353 Shares of Saia, Inc. (NASDAQ:SAIA)

Victory Capital Management Inc. boosted its stake in Saia, Inc. (NASDAQ:SAIAFree Report) by 37.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,522 shares of the transportation company’s stock after acquiring an additional 32,353 shares during the quarter. Victory Capital Management Inc. owned 0.45% of Saia worth $52,377,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC lifted its holdings in shares of Saia by 26,722.4% in the fourth quarter. International Assets Investment Management LLC now owns 31,114 shares of the transportation company’s stock valued at $13,635,000 after purchasing an additional 30,998 shares in the last quarter. First Hawaiian Bank boosted its position in Saia by 37.6% during the 4th quarter. First Hawaiian Bank now owns 7,560 shares of the transportation company’s stock worth $3,313,000 after acquiring an additional 2,065 shares during the last quarter. Louisiana State Employees Retirement System bought a new position in shares of Saia during the 4th quarter worth approximately $3,287,000. Strs Ohio grew its stake in shares of Saia by 1.6% during the 4th quarter. Strs Ohio now owns 11,347 shares of the transportation company’s stock worth $4,972,000 after acquiring an additional 179 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in shares of Saia by 65.9% in the fourth quarter. Jennison Associates LLC now owns 211,673 shares of the transportation company’s stock worth $92,759,000 after purchasing an additional 84,046 shares in the last quarter.

Saia Trading Down 1.4 %

Shares of NASDAQ:SAIA opened at $400.08 on Friday. Saia, Inc. has a 12-month low of $266.91 and a 12-month high of $628.34. The business has a 50 day moving average of $554.03 and a 200-day moving average of $479.31. The company has a quick ratio of 2.01, a current ratio of 1.23 and a debt-to-equity ratio of 0.04. The stock has a market cap of $10.64 billion, a PE ratio of 28.99, a P/E/G ratio of 1.26 and a beta of 1.71.

Saia (NASDAQ:SAIAGet Free Report) last released its quarterly earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.43 by ($0.05). Saia had a return on equity of 19.53% and a net margin of 12.42%. The firm had revenue of $754.80 million for the quarter, compared to analyst estimates of $772.36 million. During the same period in the previous year, the business posted $2.85 earnings per share. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. As a group, equities research analysts forecast that Saia, Inc. will post 15.38 earnings per share for the current year.

Insider Transactions at Saia

In related news, CFO Douglas L. Col sold 1,812 shares of the company’s stock in a transaction dated Tuesday, February 13th. The shares were sold at an average price of $557.75, for a total value of $1,010,643.00. Following the transaction, the chief financial officer now directly owns 5,623 shares in the company, valued at $3,136,228.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Saia news, Director Richard D. Odell sold 10,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $536.75, for a total transaction of $5,367,500.00. Following the transaction, the director now owns 5,989 shares in the company, valued at approximately $3,214,595.75. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Douglas L. Col sold 1,812 shares of Saia stock in a transaction on Tuesday, February 13th. The shares were sold at an average price of $557.75, for a total value of $1,010,643.00. Following the completion of the transaction, the chief financial officer now directly owns 5,623 shares of the company’s stock, valued at $3,136,228.25. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,699 shares of company stock valued at $14,966,813. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

SAIA has been the subject of a number of analyst reports. The Goldman Sachs Group raised their target price on shares of Saia from $504.00 to $567.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. Bank of America dropped their target price on Saia from $645.00 to $484.00 and set a “buy” rating on the stock in a report on Monday, April 29th. StockNews.com downgraded Saia from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. Wolfe Research cut Saia from an “outperform” rating to a “peer perform” rating in a research note on Thursday, April 11th. Finally, Raymond James raised their target price on shares of Saia from $565.00 to $604.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $497.22.

View Our Latest Stock Analysis on Saia

Saia Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

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