Saia, Inc. (NASDAQ:SAIA) Shares Acquired by Jennison Associates LLC

Jennison Associates LLC boosted its position in Saia, Inc. (NASDAQ:SAIA) by 65.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 211,673 shares of the transportation company’s stock after purchasing an additional 84,046 shares during the period. Jennison Associates LLC owned about 0.80% of Saia worth $92,759,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its holdings in Saia by 18.8% in the fourth quarter. Signaturefd LLC now owns 228 shares of the transportation company’s stock valued at $100,000 after acquiring an additional 36 shares during the period. Hunter Associates Investment Management LLC grew its holdings in Saia by 1.5% in the fourth quarter. Hunter Associates Investment Management LLC now owns 4,027 shares of the transportation company’s stock valued at $1,773,000 after purchasing an additional 61 shares during the last quarter. ZWJ Investment Counsel Inc. raised its stake in shares of Saia by 5.6% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 35,521 shares of the transportation company’s stock worth $15,566,000 after buying an additional 1,869 shares during the last quarter. Xponance Inc. lifted its holdings in shares of Saia by 1.0% in the fourth quarter. Xponance Inc. now owns 3,495 shares of the transportation company’s stock valued at $1,532,000 after purchasing an additional 33 shares in the last quarter. Finally, Flossbach Von Storch AG acquired a new stake in shares of Saia in the fourth quarter valued at approximately $1,637,000.

Analysts Set New Price Targets

A number of brokerages have commented on SAIA. The Goldman Sachs Group increased their target price on Saia from $504.00 to $567.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Wolfe Research downgraded shares of Saia from an “outperform” rating to a “peer perform” rating in a research note on Thursday, April 11th. Raymond James lifted their target price on shares of Saia from $565.00 to $604.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. Bank of America boosted their price target on Saia from $600.00 to $645.00 and gave the company a “buy” rating in a report on Tuesday, March 5th. Finally, Susquehanna raised their price objective on Saia from $500.00 to $625.00 and gave the stock a “positive” rating in a report on Thursday, February 8th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $500.84.

Saia Price Performance

Shares of NASDAQ SAIA opened at $522.62 on Tuesday. The company has a market capitalization of $13.90 billion, a price-to-earnings ratio of 39.38, a PEG ratio of 1.68 and a beta of 1.62. Saia, Inc. has a 1-year low of $244.69 and a 1-year high of $628.34. The business has a 50-day moving average of $571.83 and a 200-day moving average of $477.05.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, February 2nd. The transportation company reported $3.33 earnings per share for the quarter, topping analysts’ consensus estimates of $3.20 by $0.13. The firm had revenue of $751.10 million during the quarter, compared to analysts’ expectations of $745.48 million. Saia had a return on equity of 19.75% and a net margin of 12.31%. Saia’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.65 EPS. Research analysts expect that Saia, Inc. will post 16.13 EPS for the current fiscal year.

Insider Buying and Selling

In other Saia news, VP Rohit Lal sold 2,870 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total value of $1,539,898.50. Following the completion of the transaction, the vice president now directly owns 8,482 shares of the company’s stock, valued at approximately $4,551,017.10. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Saia news, VP Rohit Lal sold 2,870 shares of Saia stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the sale, the vice president now directly owns 8,482 shares in the company, valued at approximately $4,551,017.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Douglas L. Col sold 1,743 shares of the company’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $536.92, for a total value of $935,851.56. Following the completion of the transaction, the chief financial officer now directly owns 6,854 shares in the company, valued at $3,680,049.68. 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 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.