Massachusetts Financial Services Co. MA Grows Stake in Saia, Inc. (NASDAQ:SAIA)

Massachusetts Financial Services Co. MA grew its position in Saia, Inc. (NASDAQ:SAIA) by 9.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 230,904 shares of the transportation company’s stock after buying an additional 20,372 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.87% of Saia worth $105,230,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in SAIA. Kestra Investment Management LLC purchased a new stake in Saia in the fourth quarter worth about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Saia by 172.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company’s stock worth $28,000 after purchasing an additional 38 shares during the period. Atala Financial Inc bought a new position in shares of Saia during the fourth quarter valued at approximately $36,000. Tortoise Investment Management LLC increased its holdings in Saia by 76.6% during the fourth quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company’s stock valued at $51,000 after buying an additional 49 shares during the period. Finally, Brown Brothers Harriman & Co. bought a new position in Saia in the fourth quarter worth approximately $64,000.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Stephens reiterated an “overweight” rating and issued a $600.00 price target on shares of Saia in a report on Thursday, February 6th. JPMorgan Chase & Co. cut their target price on Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Wells Fargo & Company decreased their price target on shares of Saia from $510.00 to $400.00 and set an “equal weight” rating for the company in a research report on Thursday, March 27th. Susquehanna cut their price objective on shares of Saia from $540.00 to $410.00 and set a “neutral” rating on the stock in a research report on Monday, March 31st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on shares of Saia in a research report on Friday, March 7th. They set a “buy” rating and a $570.00 target price for the company. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $509.72.

Saia Price Performance

Shares of NASDAQ:SAIA opened at $322.38 on Friday. Saia, Inc. has a twelve month low of $287.50 and a twelve 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 $8.58 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89. The company’s 50 day moving average is $416.37 and its 200 day moving average is $461.58.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). The business had revenue of $789.00 million during the quarter, compared to analyst estimates of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The firm’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $3.33 EPS. On average, sell-side analysts forecast that Saia, Inc. will post 15.46 EPS for the current year.

Insider Buying and Selling at Saia

In other Saia news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the company’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 value of $3,671,619.56. Following the sale, the chief executive officer now owns 17,645 shares in the company, valued at approximately $8,599,114.30. This represents a 29.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Patrick D. Sugar sold 799 shares of Saia stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $493.74, for a total transaction of $394,498.26. Following the transaction, the executive vice president now directly owns 8,629 shares of the company’s stock, valued at approximately $4,260,482.46. This trade represents a 8.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,493 shares of company stock worth $4,646,181. Insiders own 0.30% of the company’s stock.

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.