102,064 Shares in Saia, Inc. (NASDAQ:SAIA) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 102,064 shares of the transportation company's stock, valued at approximately $46,514,000. Raymond James Financial Inc. owned approximately 0.38% of Saia at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Alliancebernstein L.P. increased its position in shares of Saia by 69.3% during the fourth 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 in the last quarter. Norges Bank acquired a new stake in Saia in the fourth quarter valued at about $64,410,000. Artemis Investment Management LLP boosted its stake in shares of Saia by 72.9% in the fourth quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company's stock valued at $113,833,000 after buying an additional 105,356 shares in the last quarter. Stephens Investment Management Group LLC purchased a new stake in shares of Saia during the 4th quarter worth $45,767,000. Finally, Proficio Capital Partners LLC acquired a new position in Saia during the fourth quarter worth about $15,577,000.

Saia Stock Up 5.0 %

Shares of Saia stock traded up $16.05 during trading hours on Friday, hitting $334.55. 426,856 shares of the company's stock traded hands, compared to its average volume of 456,168. Saia, Inc. has a twelve month low of $287.50 and a twelve month high of $624.55. The company has a market cap of $8.91 billion, a PE ratio of 24.76, a PEG ratio of 2.24 and a beta of 1.99. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. The stock has a 50 day simple moving average of $382.94 and a 200-day simple moving average of $453.60.

Saia (NASDAQ:SAIA - Get Free Report) last announced its earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.87 by ($0.03). Saia had a net margin of 11.28% and a return on equity of 16.63%. The business had revenue of $789.00 million during the quarter, compared to analyst estimates of $794.69 million. During the same period in the previous year, the company earned $3.33 earnings per share. The business's revenue for the quarter was up 5.0% on a year-over-year basis. Equities research analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Saia

In other Saia news, CFO Matthew J. Batteh sold 700 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total transaction of $350,063.00. Following the completion of the sale, the chief financial officer now owns 3,326 shares in the company, valued at $1,663,299.34. The trade was a 17.39 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Patrick D. Sugar sold 799 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $493.74, for a total transaction of $394,498.26. Following the sale, the executive vice president now directly owns 8,629 shares in the company, valued at $4,260,482.46. This trade represents a 8.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,493 shares of company stock worth $4,646,181 in the last ninety days. 0.30% of the stock is owned by insiders.

Analyst Ratings Changes

Several research firms have weighed in on SAIA. Wells Fargo & Company lowered their target price on Saia from $510.00 to $400.00 and set an "equal weight" rating on the stock in a report on Thursday, March 27th. Stifel Nicolaus lowered their target price on shares of Saia from $524.00 to $480.00 and set a "buy" rating for the company in a research note on Monday. Bank of America reduced their price target on Saia from $565.00 to $484.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. JPMorgan Chase & Co. reduced their target price on Saia from $566.00 to $558.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Finally, Barclays dropped their price objective on shares of Saia from $535.00 to $475.00 and set an "overweight" rating for the company in a research note on Wednesday, April 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $484.39.

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.