Allspring Global Investments Holdings LLC Purchases 11,177 Shares of Saia, Inc. (NASDAQ:SAIA)

Allspring Global Investments Holdings LLC raised its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 4.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 261,803 shares of the transportation company's stock after buying an additional 11,177 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.98% of Saia worth $116,670,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Artemis Investment Management LLP lifted its position in shares of Saia by 72.9% in the 4th quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company's stock worth $113,833,000 after acquiring an additional 105,356 shares during the period. Stephens Investment Management Group LLC bought a new stake in shares of Saia in the 4th quarter worth approximately $45,767,000. Wasatch Advisors LP lifted its position 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 during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new stake in shares of Saia in the 3rd quarter worth approximately $22,979,000. Finally, International Assets Investment Management LLC lifted its position in shares of Saia by 43,625.8% in the 3rd quarter. International Assets Investment Management LLC now owns 38,916 shares of the transportation company's stock worth $17,016,000 after acquiring an additional 38,827 shares during the period.

Saia Trading Up 1.1 %

Shares of NASDAQ SAIA traded up $5.34 during midday trading on Friday, hitting $487.53. The stock had a trading volume of 243,508 shares, compared to its average volume of 391,539. The company's 50-day simple moving average is $486.16 and its 200 day simple moving average is $464.32. The firm has a market cap of $12.96 billion, a P/E ratio of 36.09, a price-to-earnings-growth 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 company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26.

Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 EPS 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 company had revenue of $789.00 million for the quarter, compared to analyst estimates of $794.69 million. During the same period last year, the firm earned $3.33 earnings per share. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. Research analysts anticipate that Saia, Inc. will post 15.46 EPS for the current year.

Wall Street Analysts Forecast Growth

SAIA has been the subject of several analyst reports. Bank of America cut their target price on Saia from $600.00 to $565.00 and set a "buy" rating for the company in a research report on Tuesday, February 4th. BMO Capital Markets raised their target price on Saia from $465.00 to $495.00 and gave the stock a "market perform" rating in a research report on Monday, October 28th. Stifel Nicolaus raised their target price on Saia from $443.00 to $529.00 and gave the stock a "hold" rating in a research report on Thursday, January 23rd. Jefferies Financial Group raised their target price on Saia from $525.00 to $560.00 and gave the stock a "buy" rating in a research report on Friday, January 10th. Finally, Stephens restated an "overweight" rating and set a $600.00 target price on shares of Saia in a research report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $535.41.

Insider Buying and Selling

In related news, EVP Patrick D. Sugar sold 799 shares of Saia stock in a transaction on Monday, February 10th. The stock was sold at an average price of $493.74, for a total transaction of $394,498.26. Following the completion of the sale, the executive vice president now directly owns 8,629 shares of the company's stock, valued at $4,260,482.46. The trade was a 8.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of Saia stock in a transaction on Monday, February 10th. The stock was sold at an average price of $487.34, for a total value of $3,671,619.56. Following the sale, the chief executive officer now directly owns 17,645 shares of the company's stock, valued at approximately $8,599,114.30. This trade represents a 29.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,453 shares of company stock valued at $4,693,318 over the last three months. Company insiders own 0.30% of the company's stock.

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.