Next Century Growth Investors LLC Has $26.33 Million Stock Position in Saia, Inc. (NASDAQ:SAIA)

Next Century Growth Investors LLC boosted its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 15.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 57,772 shares of the transportation company's stock after buying an additional 7,533 shares during the period. Saia makes up 2.0% of Next Century Growth Investors LLC's portfolio, making the stock its 6th largest holding. Next Century Growth Investors LLC owned 0.22% of Saia worth $26,328,000 as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Covestor Ltd increased its position in shares of Saia by 30.3% in the fourth quarter. Covestor Ltd now owns 271 shares of the transportation company's stock worth $124,000 after purchasing an additional 63 shares during the period. Neuberger Berman Group LLC lifted its holdings in shares of Saia by 128.8% in the fourth quarter. Neuberger Berman Group LLC now owns 82,000 shares of the transportation company's stock worth $37,370,000 after acquiring an additional 46,157 shares during the last quarter. Ranger Investment Management L.P. grew its holdings in shares of Saia by 41.4% during the 4th quarter. Ranger Investment Management L.P. now owns 44,982 shares of the transportation company's stock valued at $20,500,000 after purchasing an additional 13,171 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Saia during the 4th quarter valued at $46,514,000. Finally, Bank of Montreal Can raised its holdings in Saia by 10.3% in the 4th quarter. Bank of Montreal Can now owns 3,532 shares of the transportation company's stock valued at $1,610,000 after buying an additional 329 shares during the last quarter.

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Insider Buying and Selling

In other news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the sale, the chief executive officer now directly owns 17,645 shares in the company, valued at approximately $8,599,114.30. The trade was a 29.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Patrick D. Sugar sold 799 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $493.74, for a total value of $394,498.26. Following the completion of the transaction, the executive vice president now directly owns 8,629 shares in the company, valued at $4,260,482.46. The trade was a 8.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,493 shares of company stock worth $4,646,181. Corporate insiders own 0.30% of the company's stock.

Saia Trading Down 2.9 %

NASDAQ SAIA traded down $9.92 during trading hours on Tuesday, hitting $330.72. 399,499 shares of the company's stock were exchanged, compared to its average volume of 454,664. The business's 50 day moving average is $389.59 and its 200-day 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. Saia, Inc. has a 12-month low of $287.50 and a 12-month high of $624.55. The firm has a market capitalization of $8.81 billion, a P/E ratio of 24.48, a price-to-earnings-growth ratio of 2.24 and a beta of 1.99.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on SAIA shares. UBS Group reduced their price target on shares of Saia from $557.00 to $422.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Jefferies Financial Group lowered their target price 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. JPMorgan Chase & Co. dropped their price target on Saia from $566.00 to $558.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Susquehanna cut their target price on shares of Saia from $540.00 to $410.00 and set a "neutral" rating on the stock in a report on Monday, March 31st. Finally, Barclays dropped their target price on shares of Saia from $535.00 to $475.00 and set an "overweight" rating for the company in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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.