International Assets Investment Management LLC Boosts Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

International Assets Investment Management LLC boosted its stake in Saia, Inc. (NASDAQ:SAIA) by 26,722.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,114 shares of the transportation company’s stock after purchasing an additional 30,998 shares during the quarter. International Assets Investment Management LLC’s holdings in Saia were worth $13,635,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Artisan Partners Limited Partnership raised its stake in Saia by 68.1% during the third quarter. Artisan Partners Limited Partnership now owns 802,094 shares of the transportation company’s stock valued at $319,755,000 after purchasing an additional 325,031 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of Saia by 3.5% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 788,197 shares of the transportation company’s stock valued at $314,215,000 after buying an additional 26,798 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Saia by 9.9% in the 3rd quarter. Invesco Ltd. now owns 705,719 shares of the transportation company’s stock valued at $281,335,000 after acquiring an additional 63,794 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its position in Saia by 53.1% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 663,265 shares of the transportation company’s stock worth $290,655,000 after acquiring an additional 230,058 shares in the last quarter. Finally, Artemis Investment Management LLP increased its stake in Saia by 4.7% during the fourth quarter. Artemis Investment Management LLP now owns 318,916 shares of the transportation company’s stock worth $139,755,000 after acquiring an additional 14,449 shares during the last quarter.

Saia Trading Down 1.4 %

NASDAQ SAIA opened at $400.08 on Monday. The firm has a market cap of $10.64 billion, a PE ratio of 28.99, a price-to-earnings-growth ratio of 1.26 and a beta of 1.71. Saia, Inc. has a 52 week low of $266.91 and a 52 week high of $628.34. The company has a quick ratio of 2.01, a current ratio of 1.23 and a debt-to-equity ratio of 0.04. The company has a 50 day moving average price of $554.03 and a 200 day moving average price of $479.91.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.05). Saia had a return on equity of 19.53% and a net margin of 12.42%. The business had revenue of $754.80 million for the quarter, compared to analyst estimates of $772.36 million. During the same period in the previous year, the company posted $2.85 earnings per share. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. As a group, sell-side analysts forecast that Saia, Inc. will post 15.38 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on SAIA. JPMorgan Chase & Co. lowered their price objective on Saia from $676.00 to $580.00 and set an “overweight” rating for the company in a research note on Monday, April 29th. TD Cowen dropped their price objective on shares of Saia from $528.00 to $473.00 and set a “hold” rating for the company in a research note on Monday, April 29th. Bank of America reduced their target price on shares of Saia from $645.00 to $484.00 and set a “buy” rating on the stock in a research note on Monday, April 29th. UBS Group dropped their price target on shares of Saia from $618.00 to $541.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Finally, Wolfe Research lowered shares of Saia from an “outperform” rating to a “peer perform” rating in a research report on Thursday, April 11th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat.com, Saia currently has an average rating of “Hold” and an average price target of $497.22.

Insider Activity at Saia

In other Saia news, CEO Frederick J. Holzgrefe III sold 7,500 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $533.46, for a total value of $4,000,950.00. Following the completion of the sale, the chief executive officer now directly owns 14,248 shares in the company, valued at $7,600,738.08. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Douglas L. Col sold 1,743 shares of Saia stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $536.92, for a total transaction of $935,851.56. Following the completion of the sale, the chief financial officer now directly owns 6,854 shares in the company, valued at $3,680,049.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Frederick J. Holzgrefe III sold 7,500 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $533.46, for a total transaction of $4,000,950.00. Following the sale, the chief executive officer now directly owns 14,248 shares in the company, valued at $7,600,738.08. The disclosure for this sale can be found here. Insiders have sold 27,699 shares of company stock valued at $14,966,813 in the last ninety days. Corporate 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.