Stephens Investment Management Group LLC Makes New $45.77 Million Investment in Saia, Inc. (NASDAQ:SAIA)

Stephens Investment Management Group LLC acquired a new stake in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 100,426 shares of the transportation company's stock, valued at approximately $45,767,000. Stephens Investment Management Group LLC owned approximately 0.38% of Saia at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Paladin Wealth LLC purchased a new position in shares of Saia in the third quarter worth approximately $40,000. Blue Trust Inc. boosted its position in Saia by 319.1% during the 3rd quarter. Blue Trust Inc. now owns 285 shares of the transportation company's stock worth $135,000 after acquiring an additional 217 shares during the period. GAMMA Investing LLC grew its stake in Saia by 148.0% during the 4th quarter. GAMMA Investing LLC now owns 367 shares of the transportation company's stock valued at $167,000 after acquiring an additional 219 shares in the last quarter. Rehmann Capital Advisory Group acquired a new position in shares of Saia in the 3rd quarter valued at about $213,000. Finally, Apollon Wealth Management LLC purchased a new stake in shares of Saia in the fourth quarter worth approximately $252,000.

Insider Buying and Selling at Saia

In related news, EVP Patrick D. Sugar sold 799 shares of the business'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 completion of the transaction, the executive vice president now owns 8,629 shares in the company, valued at approximately $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 can be accessed through this link. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the stock in a transaction that occurred 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. The trade was a 29.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,453 shares of company stock worth $4,693,318. 0.30% of the stock is currently owned by corporate insiders.

Saia Stock Performance

Shares of NASDAQ SAIA traded down $15.65 during mid-day trading on Wednesday, hitting $476.90. The company had a trading volume of 333,960 shares, compared to its average volume of 380,199. Saia, Inc. has a 12 month low of $358.90 and a 12 month high of $628.34. The firm has a market cap of $12.68 billion, a P/E ratio of 35.30, a PEG ratio of 2.51 and a beta of 1.79. The business's 50-day simple moving average is $487.42 and its 200-day simple moving average is $462.77. 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 issued 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). Saia had a return on equity of 16.63% and a net margin of 11.28%. The company had revenue of $789.00 million during the quarter, compared to analyst estimates of $794.69 million. During the same period in the previous year, the company posted $3.33 earnings per share. The company's quarterly revenue was up 5.0% on a year-over-year basis. As a group, analysts predict that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SAIA has been the topic of several research reports. Stifel Nicolaus upped their price objective on shares of Saia from $443.00 to $529.00 and gave the company a "hold" rating in a research note on Thursday, January 23rd. Bank of America dropped their price target on shares of Saia from $600.00 to $565.00 and set a "buy" rating on the stock in a research note on Tuesday, February 4th. Susquehanna upped their target price on Saia from $530.00 to $540.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Raymond James cut their price target on Saia from $560.00 to $540.00 and set an "outperform" rating for the company in a research note on Tuesday, February 4th. Finally, BMO Capital Markets boosted their target price on shares of Saia from $465.00 to $495.00 and gave the stock a "market perform" rating in a research report on Monday, October 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.