Legato Capital Management LLC Has $713,000 Position in Saia, Inc. (NASDAQ:SAIA)

Legato Capital Management LLC grew its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 100.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,565 shares of the transportation company's stock after purchasing an additional 785 shares during the period. Legato Capital Management LLC's holdings in Saia were worth $713,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of SAIA. State Street Corp boosted its position in Saia by 3.1% in the third quarter. State Street Corp now owns 805,597 shares of the transportation company's stock valued at $352,255,000 after buying an additional 24,351 shares in the last quarter. Wasatch Advisors LP boosted its holdings in shares of Saia by 10.2% in the 3rd quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company's stock worth $302,761,000 after acquiring an additional 64,351 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Saia by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 471,667 shares of the transportation company's stock worth $206,292,000 after acquiring an additional 6,456 shares in the last quarter. Westfield Capital Management Co. LP grew its position in Saia by 11.8% during the 3rd quarter. Westfield Capital Management Co. LP now owns 303,582 shares of the transportation company's stock worth $132,744,000 after acquiring an additional 31,991 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in Saia by 4.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 261,803 shares of the transportation company's stock valued at $116,670,000 after purchasing an additional 11,177 shares in the last quarter.

Insider Transactions at Saia

In other Saia news, EVP Patrick D. Sugar sold 799 shares of the firm'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. This trade 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 is available through this link. Also, EVP Rohit Lal sold 1,120 shares of the business's stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total value of $627,200.00. Following the transaction, the executive vice president now directly owns 8,270 shares in the company, valued at $4,631,200. This trade represents a 11.93 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,453 shares of company stock valued at $4,693,318 in the last ninety days. 0.30% of the stock is currently owned by corporate insiders.

Saia Stock Up 1.1 %

Shares of NASDAQ:SAIA traded up $5.34 during midday trading on Monday, reaching $487.53. 243,508 shares of the company were exchanged, compared to its average volume of 391,539. The firm has a market cap of $12.96 billion, a PE ratio of 36.09, a P/E/G ratio of 2.51 and a beta of 1.79. Saia, Inc. has a fifty-two week low of $358.90 and a fifty-two week high of $628.34. The stock has a fifty day simple moving average of $485.59 and a two-hundred day simple moving average of $464.97. 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 issued its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing analysts' consensus estimates of $2.87 by ($0.03). The firm had revenue of $789.00 million during the quarter, compared to the consensus estimate 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 quarter last year, the firm earned $3.33 earnings per share. As a group, sell-side analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

SAIA has been the topic of a number of recent analyst reports. TD Cowen boosted their price objective on Saia from $456.00 to $478.00 and gave the stock a "hold" rating in a research note on Tuesday, February 4th. Bank of America decreased their price objective on shares of Saia from $600.00 to $565.00 and set a "buy" rating on the stock in a report on Tuesday, February 4th. Stifel Nicolaus raised their price objective on shares of Saia from $443.00 to $529.00 and gave the company a "hold" rating in a research report on Thursday, January 23rd. 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 research report on Tuesday, February 4th. Finally, The Goldman Sachs Group raised their price target on shares of Saia from $492.00 to $563.00 and gave the company a "neutral" rating in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, Saia currently has an average rating of "Moderate Buy" and a consensus target price of $535.41.

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.