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

Stephens Investment Management Group LLC bought a new position in shares of Saia, Inc. (NASDAQ:SAIA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 100,426 shares of the transportation company’s stock, valued at approximately $45,767,000. Stephens Investment Management Group LLC owned about 0.38% of Saia as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. CIBC Asset Management Inc grew its position in shares of Saia by 3.5% in the third quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company’s stock valued at $337,000 after purchasing an additional 26 shares during the period. Legacy Wealth Asset Management LLC grew its holdings in Saia by 4.1% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 770 shares of the transportation company’s stock valued at $337,000 after buying an additional 30 shares during the period. UMB Bank n.a. increased its stake in shares of Saia by 1.0% during the 4th quarter. UMB Bank n.a. now owns 3,707 shares of the transportation company’s stock valued at $1,689,000 after acquiring an additional 37 shares during the last quarter. Avior Wealth Management LLC increased its stake in shares of Saia by 3.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,171 shares of the transportation company’s stock valued at $534,000 after acquiring an additional 37 shares during the last quarter. Finally, Greenleaf Trust boosted its position in shares of Saia by 6.4% in the fourth quarter. Greenleaf Trust now owns 613 shares of the transportation company’s stock worth $279,000 after acquiring an additional 37 shares during the last quarter.

Saia Stock Down 3.7 %

Shares of NASDAQ SAIA opened at $489.51 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. Saia, Inc. has a 1 year low of $358.90 and a 1 year high of $628.34. The stock’s 50-day simple moving average is $491.07 and its 200-day simple moving average is $462.23. The firm has a market cap of $13.02 billion, a price-to-earnings ratio of 36.23, a PEG ratio of 2.51 and a beta of 1.79.

Saia (NASDAQ:SAIA) last announced 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 net margin of 11.28% and a return on equity of 16.63%. The business 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 earned $3.33 earnings per share. The business’s revenue for the quarter was up 5.0% on a year-over-year basis. As a group, equities analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on SAIA shares. Wells Fargo & Company dropped their price target on shares of Saia from $550.00 to $510.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. The Goldman Sachs Group increased their target price on Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Bank of America lowered their price target on Saia from $600.00 to $565.00 and set a “buy” rating for the company in a research report on Tuesday, February 4th. Citigroup cut their price objective on Saia from $561.00 to $544.00 and set a “buy” rating on the stock in a report on Tuesday, February 4th. Finally, Jefferies Financial Group boosted their target price on Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a report on Friday, January 10th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Saia has an average rating of “Moderate Buy” and a consensus target price of $535.41.

Insider Buying and Selling at Saia

In other Saia news, EVP Rohit Lal sold 1,120 shares of the stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total transaction of $627,200.00. Following the transaction, the executive vice president now owns 8,270 shares of the company’s stock, valued at $4,631,200. This trade represents a 11.93 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.30% of the stock is currently owned by insiders.

Saia Company 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.