Voya Investment Management LLC Has $170.60 Million Stock Position in Saia, Inc. (NASDAQ:SAIA)

Voya Investment Management LLC increased its holdings in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 15.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 374,402 shares of the transportation company's stock after buying an additional 49,442 shares during the quarter. Voya Investment Management LLC owned 1.41% of Saia worth $170,598,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. RiverPark Advisors LLC lifted its position in shares of Saia by 25.5% in the fourth quarter. RiverPark Advisors LLC now owns 1,529 shares of the transportation company's stock worth $697,000 after purchasing an additional 311 shares in the last quarter. MGO One Seven LLC lifted its position in Saia by 7.0% in the 4th quarter. MGO One Seven LLC now owns 874 shares of the transportation company's stock worth $398,000 after buying an additional 57 shares in the last quarter. Pinebridge Investments L.P. boosted its stake in shares of Saia by 42.7% during the 4th quarter. Pinebridge Investments L.P. now owns 7,454 shares of the transportation company's stock valued at $3,397,000 after buying an additional 2,231 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of Saia by 102.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,256 shares of the transportation company's stock valued at $1,484,000 after acquiring an additional 1,650 shares in the last quarter. Finally, Mirabella Financial Services LLP acquired a new stake in Saia during the fourth quarter valued at $7,391,000.

Insider Buying and Selling

In related news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the firm's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the sale, the chief executive officer now 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Patrick D. Sugar sold 799 shares of the 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 sale, the executive vice president now directly owns 8,629 shares of the company's stock, valued at approximately $4,260,482.46. The trade was a 8.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,493 shares of company stock valued at $4,646,181 over the last ninety days. Insiders own 0.30% of the company's stock.

Saia Price Performance

Shares of NASDAQ:SAIA traded down $2.10 during midday trading on Tuesday, reaching $235.01. The company's stock had a trading volume of 719,255 shares, compared to its average volume of 473,364. Saia, Inc. has a fifty-two week low of $228.98 and a fifty-two week high of $624.55. The business's fifty day simple moving average is $358.20 and its 200-day simple moving average is $447.63. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. The company has a market capitalization of $6.26 billion, a P/E ratio of 17.48, a P/E/G ratio of 2.24 and a beta of 1.99.

Saia (NASDAQ:SAIA - Get Free Report) last announced its earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share for the quarter, missing analysts' consensus estimates of $2.77 by ($0.91). Saia had a return on equity of 16.63% and a net margin of 11.28%. The company had revenue of $787.58 million during the quarter, compared to the consensus estimate of $806.18 million. During the same period in the prior year, the firm posted $3.38 earnings per share. The company's revenue was up 4.3% on a year-over-year basis. As a group, equities research analysts expect that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on SAIA. Cowen reaffirmed a "hold" rating on shares of Saia in a research report on Tuesday, February 4th. Citigroup reduced their target price on shares of Saia from $498.00 to $435.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Evercore ISI dropped their price target on shares of Saia from $415.00 to $298.00 and set an "outperform" rating on the stock in a research note on Monday. Wells Fargo & Company cut their target price on Saia from $400.00 to $260.00 and set an "equal weight" rating on the stock in a report on Monday. Finally, Morgan Stanley set a $250.00 price objective on Saia in a report on Friday. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $358.21.

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.