Ranger Investment Management L.P. Has $20.50 Million Stake in Saia, Inc. (NASDAQ:SAIA)

Ranger Investment Management L.P. increased its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 41.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 44,982 shares of the transportation company's stock after buying an additional 13,171 shares during the quarter. Ranger Investment Management L.P. owned about 0.17% of Saia worth $20,500,000 as of its most recent filing with the SEC.

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

Insider Activity

In other news, EVP Patrick D. Sugar sold 799 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were 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 of the company's stock, valued at $4,260,482.46. This represents a 8.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 transaction of $3,671,619.56. Following the transaction, the chief executive officer now directly owns 17,645 shares in the company, valued at $8,599,114.30. The trade was a 29.92 % decrease in their ownership of the stock. 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 three months. Insiders own 0.30% of the company's stock.

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Saia Price Performance

NASDAQ:SAIA traded up $3.65 during midday trading on Monday, hitting $334.02. 91,506 shares of the stock were exchanged, compared to its average volume of 452,585. 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 has a 50-day moving average price of $396.39 and a two-hundred day moving average price of $456.78. Saia, Inc. has a one year low of $287.50 and a one year high of $624.55. The company has a market capitalization of $8.89 billion, a price-to-earnings ratio of 24.72, a P/E/G ratio of 2.24 and a beta of 1.99.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Stifel Nicolaus cut 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. Barclays cut their price target on shares of Saia from $535.00 to $475.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Raymond James decreased their price objective on shares of Saia from $540.00 to $455.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Citigroup cut their target price on shares of Saia from $498.00 to $435.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, TD Cowen lifted their price target on Saia from $456.00 to $478.00 and gave the stock a "hold" rating in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus 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.