Lord Abbett & CO. LLC Has $51.72 Million Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

Lord Abbett & CO. LLC boosted its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 3.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 113,497 shares of the transportation company's stock after buying an additional 4,285 shares during the quarter. Lord Abbett & CO. LLC owned approximately 0.43% of Saia worth $51,724,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Voya Investment Management LLC grew its stake in shares of Saia by 15.2% in the 4th quarter. Voya Investment Management LLC now owns 374,402 shares of the transportation company's stock valued at $170,598,000 after buying an additional 49,442 shares in the last quarter. RiverPark Advisors LLC lifted its stake in Saia by 25.5% in the fourth quarter. RiverPark Advisors LLC now owns 1,529 shares of the transportation company's stock valued at $697,000 after acquiring an additional 311 shares during the last quarter. MGO One Seven LLC grew its position in Saia by 7.0% in the fourth quarter. MGO One Seven LLC now owns 874 shares of the transportation company's stock worth $398,000 after acquiring an additional 57 shares in the last quarter. Pinebridge Investments L.P. increased its stake in shares of Saia by 42.7% during the 4th quarter. Pinebridge Investments L.P. now owns 7,454 shares of the transportation company's stock worth $3,397,000 after purchasing an additional 2,231 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Saia by 102.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,256 shares of the transportation company's stock worth $1,484,000 after purchasing an additional 1,650 shares during the last quarter.

Analyst Ratings Changes

A number of brokerages recently issued reports on SAIA. Barclays cut shares of Saia from an "overweight" rating to an "equal weight" rating in a report on Tuesday. The Goldman Sachs Group lowered their price objective on Saia from $485.00 to $387.00 and set a "neutral" rating on the stock in a report on Monday. Stifel Nicolaus set a $277.00 target price on Saia in a report on Monday. Jefferies Financial Group decreased their target price on Saia from $560.00 to $455.00 and set a "buy" rating for the company in a research report on Wednesday, April 9th. Finally, Raymond James set a $310.00 price target on shares of Saia and gave the company an "outperform" rating in a research report on Monday. One analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, Saia currently has an average rating of "Hold" and an average price target of $358.21.

Insider Activity

In other Saia news, CAO Kelly W. Benton sold 460 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the sale, the chief executive officer now directly owns 17,645 shares of the company's stock, valued at approximately $8,599,114.30. The trade was a 29.92 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,493 shares of company stock worth $4,646,181. Company insiders own 0.30% of the company's stock.

Saia Stock Performance

SAIA traded down $0.46 during trading on Tuesday, reaching $236.65. 2,004,010 shares of the company's stock were exchanged, compared to its average volume of 475,637. The company has a market capitalization of $6.30 billion, a P/E ratio of 17.52, 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 business has a 50 day moving average price of $353.86 and a 200 day moving average price of $446.16. Saia, Inc. has a fifty-two week low of $228.98 and a fifty-two week high of $624.55.

Saia (NASDAQ:SAIA - Get Free Report) 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). The business had revenue of $787.58 million for the quarter, compared to analyst estimates of $806.18 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. Saia's revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the firm posted $3.38 earnings per share. As a group, analysts predict that Saia, Inc. will post 15.46 earnings per share 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.