Royal London Asset Management Ltd. Has $59.44 Million Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

Royal London Asset Management Ltd. boosted its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 130,431 shares of the transportation company's stock after acquiring an additional 1,141 shares during the quarter. Royal London Asset Management Ltd. owned about 0.49% of Saia worth $59,441,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Kestra Investment Management LLC acquired a new position in shares of Saia during the 4th quarter worth $25,000. Atala Financial Inc purchased a new position in Saia during the 4th quarter valued at about $36,000. Tortoise Investment Management LLC raised its position in Saia by 76.6% during the fourth quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company's stock worth $51,000 after acquiring an additional 49 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Saia by 47.8% in the fourth quarter. Jones Financial Companies Lllp now owns 201 shares of the transportation company's stock valued at $92,000 after purchasing an additional 65 shares in the last quarter. Finally, Arcadia Investment Management Corp MI purchased a new stake in shares of Saia in the fourth quarter valued at about $154,000.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SAIA. Bank of America dropped their price target on Saia from $565.00 to $484.00 and set a "buy" rating for the company in a research report on Wednesday, March 5th. Susquehanna lifted their price objective on Saia from $530.00 to $540.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Raymond James reduced their target price on shares of Saia from $560.00 to $540.00 and set an "outperform" rating on the stock in a report on Tuesday, February 4th. Wells Fargo & Company lowered their price target on shares of Saia from $550.00 to $510.00 and set an "equal weight" rating for the company in a report on Tuesday, February 4th. Finally, Citigroup cut their price objective on shares of Saia from $544.00 to $498.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $526.39.

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Insider Buying and Selling at Saia

In other Saia news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the stock in a transaction 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 of the company's stock, valued at $8,599,114.30. This represents a 29.92 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Matthew J. Batteh sold 700 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total value of $350,063.00. Following the transaction, the chief financial officer now directly owns 3,326 shares in the company, valued at approximately $1,663,299.34. This represents a 17.39 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,493 shares of company stock worth $4,646,181 over the last 90 days. 0.30% of the stock is currently owned by corporate insiders.

Saia Trading Down 0.8 %

Shares of NASDAQ:SAIA traded down $3.00 during midday trading on Tuesday, reaching $378.49. The company had a trading volume of 548,060 shares, compared to its average volume of 415,106. The company has a fifty day simple moving average of $440.60 and a two-hundred day simple moving average of $466.18. The firm has a market cap of $10.08 billion, a price-to-earnings ratio of 28.02, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89. Saia, Inc. has a 1-year low of $342.68 and a 1-year high of $624.55. 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 (NASDAQ:SAIA - Get Free Report) last issued its quarterly 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). The business had revenue of $789.00 million for the quarter, compared to analysts' expectations of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. The business's quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.33 EPS. Research analysts predict that Saia, Inc. will post 15.46 earnings per share for the current 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.