MetLife Investment Management LLC Boosts Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

MetLife Investment Management LLC increased its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 8.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,672 shares of the transportation company's stock after buying an additional 1,226 shares during the quarter. MetLife Investment Management LLC owned 0.06% of Saia worth $7,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Alliancebernstein L.P. boosted its holdings in shares of Saia by 69.3% during the 4th quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company's stock valued at $883,941,000 after buying an additional 794,197 shares in the last quarter. Norges Bank bought a new stake in Saia during the fourth quarter worth about $64,410,000. Artemis Investment Management LLP grew its holdings in Saia by 72.9% in the fourth quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company's stock worth $113,833,000 after purchasing an additional 105,356 shares during the period. Raymond James Financial Inc. bought a new position in shares of Saia during the fourth quarter valued at approximately $46,514,000. Finally, Stephens Investment Management Group LLC purchased a new position in shares of Saia during the fourth quarter valued at approximately $45,767,000.

Saia Price Performance

SAIA traded down $108.59 during trading hours on Friday, hitting $245.63. The company's stock had a trading volume of 4,566,559 shares, compared to its average volume of 473,476. Saia, Inc. has a 12 month low of $229.48 and a 12 month high of $624.55. 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 business's 50-day moving average price is $362.99 and its 200-day moving average price is $449.14. The stock has a market cap of $6.54 billion, a price-to-earnings ratio of 18.18, a P/E/G ratio of 2.24 and a beta of 1.99.

Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The transportation company reported $1.86 EPS for the quarter, missing analysts' consensus estimates of $2.77 by ($0.91). Saia had a net margin of 11.28% and a return on equity of 16.63%. During the same quarter in the prior year, the company posted $3.38 earnings per share. Sell-side analysts expect that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

SAIA has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price objective on shares of Saia from $510.00 to $400.00 and set an "equal weight" rating for the company in a research note on Thursday, March 27th. TD Cowen boosted their price objective on shares of Saia from $456.00 to $478.00 and gave the stock a "hold" rating in a report on Tuesday, February 4th. Citigroup cut their target price on Saia from $498.00 to $435.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. BMO Capital Markets cut Saia from an "outperform" rating to a "market perform" rating and decreased their price target for the stock from $455.00 to $285.00 in a research note on Friday. Finally, Jefferies Financial Group lowered their price target on Saia from $560.00 to $455.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the company's stock. According to data from MarketBeat, Saia presently has a consensus rating of "Moderate Buy" and a consensus price target of $474.94.

Insiders Place Their Bets

In other news, EVP Patrick D. Sugar sold 799 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $493.74, for a total transaction of $394,498.26. Following the transaction, the executive vice president now directly owns 8,629 shares of the company's stock, valued at approximately $4,260,482.46. This trade represents a 8.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Kelly W. Benton sold 460 shares of Saia stock in a transaction that occurred on 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 $2,143,500. This represents a 9.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,493 shares of company stock valued at $4,646,181 over the last 90 days. Insiders own 0.30% of the company's stock.

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.