Geode Capital Management LLC Purchases 43 Shares of Saia, Inc. (NASDAQ:SAIA)

Geode Capital Management LLC increased its position in Saia, Inc. (NASDAQ:SAIA) by 0.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 471,710 shares of the transportation company’s stock after purchasing an additional 43 shares during the period. Geode Capital Management LLC’s holdings in Saia were worth $215,037,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Alliancebernstein L.P. grew its position in shares of Saia by 69.3% in the 4th quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company’s stock worth $883,941,000 after buying an additional 794,197 shares during the last quarter. Norges Bank purchased a new stake in Saia in the fourth quarter worth $64,410,000. Artemis Investment Management LLP boosted its holdings in Saia by 72.9% in the fourth quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company’s stock valued at $113,833,000 after acquiring an additional 105,356 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Saia during the 4th quarter valued at $46,514,000. Finally, Stephens Investment Management Group LLC bought a new position in Saia in the 4th quarter worth $45,767,000.

Saia Trading Up 0.8 %

Saia stock opened at $322.38 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. The stock has a 50-day moving average price of $416.37 and a 200 day moving average price of $461.87. Saia, Inc. has a 52 week low of $287.50 and a 52 week high of $624.55. The company has a market capitalization of $8.58 billion, a price-to-earnings ratio of 23.86, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89.

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

Insider Buying and Selling

In other news, CFO Matthew J. Batteh sold 700 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total value of $350,063.00. Following the transaction, the chief financial officer now owns 3,326 shares of the company’s stock, valued at $1,663,299.34. This represents a 17.39 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Patrick D. Sugar sold 799 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was 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 $4,260,482.46. The trade was a 8.47 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,493 shares of company stock worth $4,646,181. 0.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

SAIA has been the topic of a number of research reports. TD Cowen lifted their target price on shares of Saia from $456.00 to $478.00 and gave the company a “hold” rating in a research note on Tuesday, February 4th. 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. Cowen restated a “hold” rating on shares of Saia in a research note on Tuesday, February 4th. Jefferies Financial Group upped their price target on Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, Wells Fargo & Company lowered their price objective on Saia from $510.00 to $400.00 and set an “equal weight” rating for the company in a research report on Thursday, March 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $509.72.

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.