7,573 Shares in Saia, Inc. (NASDAQ:SAIA) Acquired by Madison Investment Advisors LLC

Madison Investment Advisors LLC bought a new position in Saia, Inc. (NASDAQ:SAIA - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 7,573 shares of the transportation company's stock, valued at approximately $3,451,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Kestra Investment Management LLC purchased a new stake in shares of Saia during the fourth quarter worth $25,000. Tortoise Investment Management LLC raised its stake in shares of Saia by 76.6% during the 4th quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company's stock worth $51,000 after purchasing an additional 49 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Saia by 47.8% during the 4th quarter. Jones Financial Companies Lllp now owns 201 shares of the transportation company's stock worth $92,000 after purchasing an additional 65 shares in the last quarter. Arcadia Investment Management Corp MI acquired a new stake in shares of Saia during the 4th quarter valued at about $154,000. Finally, GAMMA Investing LLC grew its stake in shares of Saia by 148.0% in the 4th quarter. GAMMA Investing LLC now owns 367 shares of the transportation company's stock valued at $167,000 after buying an additional 219 shares in the last quarter.

Insiders Place Their Bets

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 value of $350,063.00. Following the sale, the chief financial officer now owns 3,326 shares of the company's stock, valued at $1,663,299.34. The trade was a 17.39 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Kelly W. Benton sold 460 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total transaction of $230,000.00. Following the transaction, the chief accounting officer now directly owns 4,287 shares of the company's stock, valued at $2,143,500. The trade was a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,493 shares of company stock worth $4,646,181. 0.30% of the stock is currently owned by company insiders.

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Saia Stock Performance

NASDAQ:SAIA traded down $1.45 during trading hours on Wednesday, hitting $377.04. 501,014 shares of the company traded hands, compared to its average volume of 417,164. 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 twelve month low of $342.68 and a twelve month high of $624.55. The firm has a 50-day moving average of $438.75 and a 200 day moving average of $466.01. The stock has a market capitalization of $10.04 billion, a price-to-earnings ratio of 27.91, a P/E/G ratio of 2.24 and a beta of 1.89.

Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 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 company had revenue of $789.00 million for the quarter, compared to analyst estimates of $794.69 million. During the same period in the prior year, the company posted $3.33 EPS. The firm's quarterly revenue was up 5.0% on a year-over-year basis. On average, analysts forecast that Saia, Inc. will post 15.46 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Citigroup cut their price objective on shares of Saia from $544.00 to $498.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Cowen restated a "hold" rating on shares of Saia in a report on Tuesday, February 4th. Jefferies Financial Group upped their price objective on shares of Saia from $525.00 to $560.00 and gave the stock a "buy" rating in a report on Friday, January 10th. Deutsche Bank Aktiengesellschaft started coverage on Saia in a report on Friday, March 7th. They set a "buy" rating and a $570.00 target price on the stock. Finally, Stephens reiterated an "overweight" rating and set a $600.00 price target on shares of Saia in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $526.39.

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.