Neuberger Berman Group LLC Acquires 46,157 Shares of Saia, Inc. (NASDAQ:SAIA)

Neuberger Berman Group LLC increased its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 128.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,000 shares of the transportation company's stock after purchasing an additional 46,157 shares during the quarter. Neuberger Berman Group LLC owned approximately 0.31% of Saia worth $37,370,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Kestra Investment Management LLC acquired a new position in Saia in the fourth quarter valued at about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Saia by 172.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock valued at $28,000 after buying an additional 38 shares during the last quarter. Atala Financial Inc acquired a new position in shares of Saia in the fourth quarter valued at $36,000. Huntington National Bank grew its position in shares of Saia by 291.7% in the fourth quarter. Huntington National Bank now owns 94 shares of the transportation company's stock valued at $43,000 after purchasing an additional 70 shares during the last quarter. Finally, Tortoise Investment Management LLC boosted its position in shares of Saia by 76.6% in the fourth quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company's stock valued at $51,000 after acquiring an additional 49 shares during the period.

Saia Stock Down 3.3 %

Shares of NASDAQ:SAIA traded down $10.79 during mid-day trading on Wednesday, hitting $319.93. 192,475 shares of the company traded hands, compared to its average volume of 453,673. The firm has a market cap of $8.52 billion, a P/E ratio of 23.68, a PEG ratio of 2.24 and a beta of 1.99. Saia, Inc. has a 52-week low of $287.50 and a 52-week high of $624.55. The firm's 50 day simple moving average is $389.59 and its 200 day simple moving average is $455.25. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57.

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Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing the consensus estimate of $2.87 by ($0.03). The company had revenue of $789.00 million for the quarter, compared to analyst estimates of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. During the same period in the prior year, the business earned $3.33 earnings per share. Saia's revenue was up 5.0% on a year-over-year basis. On average, equities analysts anticipate that Saia, Inc. will post 15.46 EPS for the current year.

Insider Transactions at Saia

In other news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the company's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $487.34, for a total value of $3,671,619.56. Following the transaction, the chief executive officer now directly owns 17,645 shares of the company's stock, valued at approximately $8,599,114.30. This represents a 29.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Matthew J. Batteh sold 700 shares of the business's stock in a transaction that occurred on 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 sale, the chief financial officer now owns 3,326 shares of the company's stock, valued at approximately $1,663,299.34. This trade represents a 17.39 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,493 shares of company stock worth $4,646,181. Insiders own 0.30% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on SAIA shares. Deutsche Bank Aktiengesellschaft initiated coverage on Saia in a research report on Friday, March 7th. They issued a "buy" rating and a $570.00 target price on the stock. BMO Capital Markets upgraded shares of Saia from a "market perform" rating to an "outperform" rating and set a $455.00 price objective for the company in a research note on Monday, April 7th. Stifel Nicolaus lowered their target price on Saia from $524.00 to $480.00 and set a "buy" rating on the stock in a research report on Monday. Stephens reiterated an "overweight" rating and set a $600.00 price target on shares of Saia in a report on Thursday, February 6th. Finally, Raymond James cut their price objective on Saia from $540.00 to $455.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, Saia has a consensus rating of "Moderate Buy" and an average price target of $484.39.

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.