Ontario Teachers Pension Plan Board Buys New Position in Saia, Inc. (NASDAQ:SAIA)

Ontario Teachers Pension Plan Board acquired a new stake in Saia, Inc. (NASDAQ:SAIA - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 953 shares of the transportation company's stock, valued at approximately $434,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SAIA. Kestra Investment Management LLC bought a new stake in Saia in the 4th quarter valued at about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Saia by 172.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock valued at $28,000 after acquiring an additional 38 shares during the period. Atala Financial Inc bought a new stake in Saia in the 4th quarter valued at about $36,000. Huntington National Bank raised its stake in Saia by 291.7% in the 4th quarter. Huntington National Bank now owns 94 shares of the transportation company's stock valued at $43,000 after acquiring an additional 70 shares during the period. Finally, Tortoise Investment Management LLC grew its holdings in Saia by 76.6% during the 4th quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company's stock valued at $51,000 after buying an additional 49 shares in the last quarter.

Saia Price Performance

SAIA traded up $13.84 during midday trading on Wednesday, hitting $345.12. The stock had a trading volume of 243,134 shares, compared to its average volume of 456,971. The company has a market cap of $9.19 billion, a P/E ratio of 25.55, a price-to-earnings-growth ratio of 2.24 and a beta of 1.99. The business has a fifty day moving average of $373.76 and a 200 day moving average of $451.71. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. Saia, Inc. has a 1 year low of $287.50 and a 1 year high of $624.55.

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

Insider Buying and Selling at Saia

In other Saia news, CAO Kelly W. Benton sold 460 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total value of $230,000.00. Following the completion of the sale, the chief accounting officer now owns 4,287 shares in the company, valued at approximately $2,143,500. The trade was a 9.69 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the business's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 17,645 shares of the company's stock, valued at $8,599,114.30. The trade was a 29.92 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,493 shares of company stock worth $4,646,181. 0.30% of the stock is currently owned by insiders.

Analysts Set New Price Targets

SAIA has been the subject of a number of recent analyst reports. Bank of America reduced their target price on Saia from $565.00 to $484.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Raymond James reduced their target price on Saia from $540.00 to $455.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. BMO Capital Markets raised Saia from a "market perform" rating to an "outperform" rating and set a $455.00 target price for the company in a report on Monday, April 7th. Wells Fargo & Company reduced 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, Jefferies Financial Group reduced their target price on Saia from $560.00 to $455.00 and set a "buy" rating for the company in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat, Saia presently has a consensus rating of "Moderate Buy" and an average target price of $484.39.

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.