Alliancebernstein L.P. Has $883.94 Million Position in Saia, Inc. (NASDAQ:SAIA)

Alliancebernstein L.P. boosted its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 69.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,939,615 shares of the transportation company's stock after purchasing an additional 794,197 shares during the period. Alliancebernstein L.P. owned about 7.29% of Saia worth $883,941,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SAIA. Norges Bank bought a new stake in shares of Saia in the fourth quarter worth $64,410,000. Artemis Investment Management LLP boosted its stake in Saia by 72.9% during the 4th quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company's stock valued at $113,833,000 after acquiring an additional 105,356 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Saia during the 4th quarter worth $46,514,000. Stephens Investment Management Group LLC bought a new stake in shares of Saia in the 4th quarter worth about $45,767,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in shares of Saia in the 3rd quarter valued at about $22,979,000.

Insiders Place Their Bets

In other news, 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 completion of the sale, the executive vice president now owns 8,629 shares in the company, valued at approximately $4,260,482.46. This represents a 8.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Kelly W. Benton sold 460 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total value of $230,000.00. Following the sale, the chief accounting officer now directly owns 4,287 shares of the company's stock, valued at approximately $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 worth $4,646,181 over the last ninety days. Company insiders own 0.30% of the company's stock.

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Saia Stock Performance

SAIA traded down $53.20 during trading hours on Thursday, hitting $317.63. The company's stock had a trading volume of 800,311 shares, compared to its average volume of 434,265. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia, Inc. has a fifty-two week low of $307.41 and a fifty-two week high of $624.55. The company has a 50-day simple moving average of $423.44 and a 200 day simple moving average of $463.36. The firm has a market capitalization of $8.46 billion, a PE ratio of 23.46, a PEG ratio of 2.24 and a beta of 1.89.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing analysts' consensus estimates of $2.87 by ($0.03). The company had revenue of $789.00 million for the quarter, compared to the consensus estimate of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. Saia's revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.33 earnings per share. As a group, sell-side analysts expect that Saia, Inc. will post 15.46 EPS for the current year.

Wall Street Analyst Weigh In

SAIA has been the subject of a number of research reports. Raymond James decreased their price target on Saia from $560.00 to $540.00 and set an "outperform" rating for the company in a research note on Tuesday, February 4th. Cowen reiterated a "hold" rating on shares of Saia in a research report on Tuesday, February 4th. Wells Fargo & Company lowered their price target on Saia from $510.00 to $400.00 and set an "equal weight" rating for the company in a report on Thursday, March 27th. Deutsche Bank Aktiengesellschaft assumed coverage on Saia in a research note on Friday, March 7th. They set a "buy" rating and a $570.00 price objective on the stock. Finally, Stephens reiterated an "overweight" rating and set a $600.00 target price on shares of Saia in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Saia presently has a consensus rating of "Moderate Buy" and an average price target of $509.72.

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.