Massachusetts Financial Services Co. MA Buys 20,372 Shares of Saia, Inc. (NASDAQ:SAIA)

Massachusetts Financial Services Co. MA raised its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 9.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 230,904 shares of the transportation company's stock after buying an additional 20,372 shares during the period. Massachusetts Financial Services Co. MA owned about 0.87% of Saia worth $105,230,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets increased its stake in shares of Saia by 61.7% in the third quarter. BNP Paribas Financial Markets now owns 3,698 shares of the transportation company's stock worth $1,617,000 after purchasing an additional 1,411 shares during the period. Glenmede Trust Co. NA grew its holdings in shares of Saia by 47.2% during the third quarter. Glenmede Trust Co. NA now owns 652 shares of the transportation company's stock worth $285,000 after purchasing an additional 209 shares during the last quarter. Centiva Capital LP acquired a new stake in shares of Saia in the third quarter valued at approximately $474,000. Quantinno Capital Management LP increased its position in Saia by 66.7% in the third quarter. Quantinno Capital Management LP now owns 827 shares of the transportation company's stock worth $362,000 after purchasing an additional 331 shares during the period. Finally, State Street Corp grew its stake in shares of Saia by 3.1% during the third quarter. State Street Corp now owns 805,597 shares of the transportation company's stock worth $352,255,000 after purchasing an additional 24,351 shares during the period.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Cowen reiterated a "hold" rating on shares of Saia in a research report on Tuesday, February 4th. The Goldman Sachs Group raised their target price on shares of Saia from $492.00 to $563.00 and gave the stock a "neutral" rating in a report on Thursday, December 12th. Bank of America reduced their target price on Saia from $565.00 to $484.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. Wells Fargo & Company lowered their target price on Saia from $510.00 to $400.00 and set an "equal weight" rating for the company in a report on Thursday, March 27th. Finally, Susquehanna cut their price objective on Saia from $540.00 to $410.00 and set a "neutral" rating on the stock in a research note on Monday, March 31st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $486.83.

Insider Buying and Selling

In other news, CFO Matthew J. Batteh sold 700 shares of the company's stock in a transaction dated 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 transaction, the chief financial officer now directly owns 3,326 shares of the company's stock, valued at approximately $1,663,299.34. This represents a 17.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Patrick D. Sugar sold 799 shares of the firm's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $493.74, for a total value of $394,498.26. Following the completion of the sale, the executive vice president now directly owns 8,629 shares in the company, valued at $4,260,482.46. The trade was a 8.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,493 shares of company stock worth $4,646,181 in the last ninety days. 0.30% of the stock is owned by insiders.

Saia Price Performance

Shares of SAIA traded down $31.95 during midday trading on Thursday, reaching $342.85. The stock had a trading volume of 207,985 shares, compared to its average volume of 447,986. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $9.13 billion, a price-to-earnings ratio of 25.27, a price-to-earnings-growth ratio of 2.24 and a beta of 1.99. The company's 50-day moving average is $401.75 and its 200 day moving average is $458.16. Saia, Inc. has a 12-month low of $287.50 and a 12-month high of $624.55.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing analysts' consensus estimates of $2.87 by ($0.03). The business 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%. The firm's revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $3.33 earnings per share. On average, equities analysts predict that Saia, Inc. will post 15.46 EPS 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.