Clearbridge Investments LLC Boosts Stock Position in Saia, Inc. (NASDAQ:SAIA)

Clearbridge Investments LLC boosted its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 5.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 119,033 shares of the transportation company's stock after buying an additional 6,025 shares during the period. Clearbridge Investments LLC owned 0.45% of Saia worth $54,247,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Kestra Investment Management LLC bought a new position in shares of Saia in the 4th quarter worth $25,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Saia by 172.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock worth $28,000 after purchasing an additional 38 shares in the last quarter. Atala Financial Inc purchased a new stake in shares of Saia during the fourth quarter valued at about $36,000. Tortoise Investment Management LLC boosted its holdings in shares of Saia by 76.6% in 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. Finally, Brown Brothers Harriman & Co. purchased a new position in shares of Saia in the 4th quarter worth approximately $64,000.

Insider Activity at Saia

In other news, EVP Patrick D. Sugar sold 799 shares of the firm's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $493.74, for a total transaction of $394,498.26. Following the sale, the executive vice president now owns 8,629 shares of the company's stock, valued at $4,260,482.46. This trade represents a 8.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Kelly W. Benton sold 460 shares of Saia stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total transaction of $230,000.00. Following the transaction, the chief accounting officer now directly owns 4,287 shares of the company's stock, valued at approximately $2,143,500. This trade represents a 9.69 % 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. 0.30% of the stock is owned by corporate insiders.

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Saia Stock Performance

Shares of NASDAQ:SAIA traded down $50.85 during midday trading on Thursday, reaching $319.97. The company's stock had a trading volume of 1,022,088 shares, compared to its average volume of 434,688. The firm has a market capitalization of $8.52 billion, a PE ratio of 23.68, a P/E/G ratio of 2.24 and a beta of 1.89. The stock has a fifty day moving average of $423.44 and a 200 day moving average of $463.36. Saia, Inc. has a twelve month low of $307.41 and a twelve month high of $624.55. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings results 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%. Saia's revenue for the quarter was up 5.0% on a year-over-year basis. During the same period in the prior year, the business posted $3.33 earnings per share. On average, equities analysts expect that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on SAIA. Cowen reissued a "hold" rating on shares of Saia in a research report on Tuesday, February 4th. Stifel Nicolaus upgraded Saia from a "hold" rating to a "buy" rating and set a $524.00 price objective for the company in a report on Monday, February 24th. Deutsche Bank Aktiengesellschaft assumed coverage on Saia in a research note on Friday, March 7th. They set a "buy" rating and a $570.00 target price on the stock. The Goldman Sachs Group increased their price target on Saia from $492.00 to $563.00 and gave the company a "neutral" rating in a research note on Thursday, December 12th. Finally, Citigroup dropped their price target on Saia from $544.00 to $498.00 and set a "buy" rating on the stock in a research note on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $509.72.

Saia 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.