DekaBank Deutsche Girozentrale Acquires New Position in Saia, Inc. (NASDAQ:SAIA)

DekaBank Deutsche Girozentrale acquired a new stake in Saia, Inc. (NASDAQ:SAIA) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 493 shares of the transportation company’s stock, valued at approximately $221,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SAIA. Vanguard Group Inc. increased its stake in shares of Saia by 1.5% in the first quarter. Vanguard Group Inc. now owns 2,632,331 shares of the transportation company’s stock worth $641,815,000 after acquiring an additional 39,660 shares during the last quarter. Capital International Investors grew its stake in Saia by 10.2% in the first quarter. Capital International Investors now owns 1,583,500 shares of the transportation company’s stock valued at $386,089,000 after purchasing an additional 146,262 shares in the last quarter. State Street Corp increased its position in Saia by 4.1% in the 1st quarter. State Street Corp now owns 896,627 shares of the transportation company’s stock worth $218,616,000 after purchasing an additional 35,076 shares during the last quarter. Artisan Partners Limited Partnership increased its position in Saia by 68.1% in the 3rd quarter. Artisan Partners Limited Partnership now owns 802,094 shares of the transportation company’s stock worth $319,755,000 after purchasing an additional 325,031 shares during the last quarter. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake 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 worth $314,215,000 after purchasing an additional 26,798 shares in the last quarter.

Saia Stock Down 3.6 %

Shares of NASDAQ SAIA opened at $556.27 on Wednesday. Saia, Inc. has a 12 month low of $244.69 and a 12 month high of $628.34. The company has a market cap of $14.79 billion, a P/E ratio of 41.92, a P/E/G ratio of 1.87 and a beta of 1.62. The business’s 50 day moving average is $574.05 and its two-hundred day moving average is $473.54.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, February 2nd. The transportation company reported $3.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.20 by $0.13. The business had revenue of $751.10 million for the quarter, compared to the consensus estimate of $745.48 million. Saia had a net margin of 12.31% and a return on equity of 19.75%. Saia’s quarterly revenue was up 14.5% on a year-over-year basis. During the same quarter last year, the company posted $2.65 earnings per share. Sell-side analysts expect that Saia, Inc. will post 16.12 earnings per share for the current fiscal year.

Insider Transactions at Saia

In related news, VP Rohit Lal sold 2,870 shares of the 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 sale, the vice president now owns 8,482 shares in the company, valued at $4,551,017.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Saia news, Director Donna E. Epps sold 400 shares of Saia stock in a transaction on Friday, February 9th. The shares were sold at an average price of $565.14, for a total transaction of $226,056.00. Following the sale, the director now owns 1,583 shares in the company, valued at $894,616.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Rohit Lal sold 2,870 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the completion of the sale, the vice president now directly owns 8,482 shares in the company, valued at approximately $4,551,017.10. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,699 shares of company stock worth $14,966,813. 0.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages recently commented on SAIA. Stifel Nicolaus cut Saia from a “buy” rating to a “hold” rating and boosted their price target for the company from $484.00 to $526.00 in a research note on Tuesday, February 6th. The Goldman Sachs Group increased their price target on shares of Saia from $504.00 to $567.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. BMO Capital Markets lifted their price objective on shares of Saia from $450.00 to $515.00 and gave the company a “market perform” rating in a research note on Monday, February 5th. Wolfe Research cut shares of Saia from an “outperform” rating to a “peer perform” rating in a report on Thursday, April 11th. Finally, Susquehanna raised their target price on Saia from $500.00 to $625.00 and gave the company a “positive” rating in a report on Thursday, February 8th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat, Saia currently has a consensus rating of “Moderate Buy” and an average price target of $500.84.

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.