Lisanti Capital Growth LLC Has $4.17 Million Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

Lisanti Capital Growth LLC increased its stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 58.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 9,160 shares of the transportation company's stock after acquiring an additional 3,395 shares during the period. Lisanti Capital Growth LLC's holdings in Saia were worth $4,174,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. State Street Corp grew its holdings in Saia by 3.1% during the third quarter. State Street Corp now owns 805,597 shares of the transportation company's stock valued at $352,255,000 after purchasing an additional 24,351 shares during the last quarter. Wasatch Advisors LP grew its stake in Saia by 10.2% in the 3rd quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company's stock valued at $302,761,000 after buying an additional 64,351 shares during the last quarter. Geode Capital Management LLC raised its holdings in 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 during the period. Westfield Capital Management Co. LP lifted 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 boosted its holdings in Saia by 4.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 261,803 shares of the transportation company's stock valued at $116,670,000 after acquiring an additional 11,177 shares during the period.

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Insider Transactions at Saia

In other news, CAO Kelly W. Benton sold 460 shares of Saia stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total value of $230,000.00. Following the completion of the transaction, the chief accounting officer now owns 4,287 shares of the company's stock, valued at $2,143,500. This trade represents a 9.69 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Patrick D. Sugar sold 799 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $493.74, for a total transaction of $394,498.26. Following the transaction, the executive vice president now owns 8,629 shares in the company, valued at $4,260,482.46. This represents a 8.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,493 shares of company stock valued at $4,646,181 over the last three months. Company insiders own 0.30% of the company's stock.

Saia Trading Down 1.4 %

SAIA stock traded down $5.01 during midday trading on Tuesday, reaching $361.59. The stock had a trading volume of 603,901 shares, compared to its average volume of 404,823. The firm has a market cap of $9.63 billion, a price-to-earnings ratio of 26.76, a PEG ratio of 2.24 and a beta of 1.89. Saia, Inc. has a twelve month low of $358.90 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. The business has a fifty day simple moving average of $459.97 and a two-hundred day simple moving average of $468.08.

Saia (NASDAQ:SAIA - Get Free Report) last posted 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). 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 period last year, the firm earned $3.33 earnings per share. The company's quarterly revenue was up 5.0% on a year-over-year basis. As a group, research analysts expect that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SAIA has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price objective on Saia from $550.00 to $510.00 and set an "equal weight" rating on the stock in a research note on Tuesday, February 4th. JPMorgan Chase & Co. cut their price target on Saia from $566.00 to $558.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft began coverage on shares of Saia in a research note on Friday. They issued a "buy" rating and a $570.00 price objective on the stock. Jefferies Financial Group boosted their target price on shares of Saia from $525.00 to $560.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Finally, The Goldman Sachs Group raised their price target on shares of Saia from $492.00 to $563.00 and gave the stock a "neutral" rating in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $526.39.

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.