MML Investors Services LLC Buys 1,619 Shares of Saia, Inc. (NASDAQ:SAIA)

MML Investors Services LLC raised its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 37.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 5,932 shares of the transportation company's stock after buying an additional 1,619 shares during the period. MML Investors Services LLC's holdings in Saia were worth $2,703,000 as of its most recent filing with the SEC.

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

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Jefferies Financial Group cut their price objective on shares of Saia from $560.00 to $455.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. Citigroup reduced their price target on Saia from $498.00 to $435.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Morgan Stanley upgraded Saia from an "underweight" rating to an "equal weight" rating in a report on Friday. Barclays cut their target price on Saia from $535.00 to $475.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 2nd. Finally, UBS Group decreased their target price on Saia from $557.00 to $422.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Saia currently has a consensus rating of "Moderate Buy" and a consensus target price of $474.94.

Insider Transactions at Saia

In other news, CFO Matthew J. Batteh sold 700 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total value of $350,063.00. Following the completion of the transaction, the chief financial officer now owns 3,326 shares in the company, valued at $1,663,299.34. This trade represents a 17.39 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Kelly W. Benton sold 460 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total value of $230,000.00. Following the sale, the chief accounting officer now owns 4,287 shares in the company, valued at $2,143,500. The trade was a 9.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,493 shares of company stock valued at $4,646,181 over the last 90 days. 0.30% of the stock is owned by corporate insiders.

Saia Trading Down 30.7 %

SAIA opened at $245.63 on Monday. 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 stock has a market capitalization of $6.54 billion, a P/E ratio of 18.18, a P/E/G ratio of 2.24 and a beta of 1.99. The firm's fifty day simple moving average is $362.99 and its 200 day simple moving average is $449.21. Saia, Inc. has a 12 month low of $229.21 and a 12 month high of $624.55.

Saia (NASDAQ:SAIA - Get Free Report) last released its earnings results on Friday, April 25th. The transportation company reported $1.86 EPS for the quarter, missing the consensus estimate of $2.77 by ($0.91). Saia had a net margin of 11.28% and a return on equity of 16.63%. The firm had revenue of $787.58 million during the quarter, compared to the consensus estimate of $806.18 million. During the same quarter in the previous year, the firm posted $3.38 EPS. As a group, research analysts anticipate that Saia, Inc. will post 15.46 EPS for the current fiscal year.

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.

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