Saia, Inc. (NASDAQ:SAIA) Shares Bought by Driehaus Capital Management LLC

Driehaus Capital Management LLC raised its holdings in Saia, Inc. (NASDAQ:SAIA) by 9.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 75,726 shares of the transportation company’s stock after purchasing an additional 6,274 shares during the period. Driehaus Capital Management LLC owned about 0.28% of Saia worth $34,511,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Franklin Resources Inc. grew its holdings in Saia by 6.0% in the 3rd quarter. Franklin Resources Inc. now owns 68,474 shares of the transportation company’s stock worth $31,633,000 after buying an additional 3,886 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Saia by 148.0% in the fourth quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock worth $167,000 after acquiring an additional 219 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in Saia by 16.7% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 1,110 shares of the transportation company’s stock valued at $506,000 after acquiring an additional 159 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of Saia by 14.7% in the fourth quarter. Park Avenue Securities LLC now owns 1,267 shares of the transportation company’s stock worth $577,000 after buying an additional 162 shares during the last quarter. Finally, Redhawk Wealth Advisors Inc. boosted its holdings in shares of Saia by 4.4% during the 4th quarter. Redhawk Wealth Advisors Inc. now owns 6,783 shares of the transportation company’s stock worth $3,091,000 after buying an additional 283 shares during the period.

Saia Price Performance

SAIA stock opened at $265.79 on Friday. The stock has a 50-day moving average price of $332.78 and a two-hundred day moving average price of $436.91. Saia, Inc. has a 12-month low of $229.12 and a 12-month high of $624.55. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The company has a market cap of $7.08 billion, a PE ratio of 19.67, a price-to-earnings-growth ratio of 2.24 and a beta of 2.03.

Saia (NASDAQ:SAIA) last issued 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 business had revenue of $787.58 million for the quarter, compared to analyst estimates of $806.18 million. During the same period last year, the company posted $3.38 earnings per share. The firm’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, research analysts predict that Saia, Inc. will post 15.46 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SAIA shares. Morgan Stanley set a $250.00 price objective on Saia in a report on Friday, April 25th. JPMorgan Chase & Co. reduced their price objective on shares of Saia from $436.00 to $299.00 and set an “overweight” rating on the stock in a research note on Monday, April 28th. Susquehanna reduced their target price on Saia from $540.00 to $410.00 and set a “neutral” rating on the stock in a report on Monday, March 31st. Citigroup reduced their price objective on Saia from $498.00 to $435.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, Deutsche Bank Aktiengesellschaft lowered Saia from a “buy” rating to a “hold” rating and set a $273.00 price target on the stock. in a research report on Thursday, May 1st. Twelve analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $342.58.

Insider Transactions at Saia

In other news, EVP Patrick D. Sugar sold 799 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 8,629 shares in the company, valued at $4,260,482.46. This trade represents a 8.47 % decrease in their position. The transaction 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 the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 17,645 shares of the company’s stock, valued at $8,599,114.30. This 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 9,493 shares of company stock valued at $4,646,181 over the last quarter. Company insiders own 0.30% of the company’s stock.

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.