Jennison Associates LLC Grows Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

Jennison Associates LLC grew its holdings in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 8.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 127,896 shares of the transportation company's stock after purchasing an additional 9,435 shares during the quarter. Jennison Associates LLC owned approximately 0.48% of Saia worth $58,286,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in SAIA. Paladin Wealth LLC purchased a new stake in Saia during the third quarter valued at approximately $40,000. Tobam bought a new stake in shares of Saia during the 3rd quarter valued at $100,000. Blue Trust Inc. increased its stake in shares of Saia by 319.1% in the 3rd quarter. Blue Trust Inc. now owns 285 shares of the transportation company's stock worth $135,000 after purchasing an additional 217 shares in the last quarter. GAMMA Investing LLC raised its holdings in Saia by 148.0% in the 4th quarter. GAMMA Investing LLC now owns 367 shares of the transportation company's stock worth $167,000 after purchasing an additional 219 shares during the period. Finally, Rehmann Capital Advisory Group purchased a new position in Saia during the third quarter valued at $213,000.

Saia Price Performance

Shares of SAIA stock traded down $18.96 on Friday, reaching $489.51. The company's stock had a trading volume of 274,761 shares, compared to its average volume of 393,418. The company has a market capitalization of $13.02 billion, a price-to-earnings ratio of 34.97, a price-to-earnings-growth ratio of 2.31 and a beta of 1.79. The stock's fifty day simple moving average is $492.66 and its 200-day simple moving average is $462.24. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 1 year low of $358.90 and a 1 year high of $628.34.

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 the consensus estimate of $2.87 by ($0.03). Saia had a net margin of 11.83% and a return on equity of 18.00%. The business had revenue of $789.00 million for the quarter, compared to analysts' expectations of $794.69 million. During the same quarter in the prior year, the company posted $3.33 earnings per share. The firm's quarterly revenue was up 5.0% compared to the same quarter last year. Analysts forecast that Saia, Inc. will post 13.47 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Rohit Lal sold 1,120 shares of the firm's stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $560.00, for a total value of $627,200.00. Following the completion of the sale, the executive vice president now owns 8,270 shares in the company, valued at approximately $4,631,200. This trade represents a 11.93 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.30% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on SAIA shares. Stephens reaffirmed an "overweight" rating and issued a $600.00 price objective on shares of Saia in a research note on Thursday. TD Cowen lifted their price target on shares of Saia from $456.00 to $478.00 and gave the company a "hold" rating in a report on Tuesday. Citigroup reduced their price objective on shares of Saia from $561.00 to $544.00 and set a "buy" rating for the company in a research note on Tuesday. Barclays lowered their target price on shares of Saia from $620.00 to $600.00 and set an "overweight" rating on the stock in a research note on Friday, January 17th. Finally, Wells Fargo & Company cut their price target on Saia from $550.00 to $510.00 and set an "equal weight" rating for the company in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company's stock. According to data from MarketBeat.com, Saia presently has an average rating of "Moderate Buy" and a consensus price target of $535.41.

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.