Saia, Inc. (NASDAQ:SAIA) Shares Purchased by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC increased its position in shares of Saia, Inc. (NASDAQ:SAIA) by 129.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 115,660 shares of the transportation company’s stock after purchasing an additional 65,185 shares during the quarter. TimesSquare Capital Management LLC owned 0.44% of Saia worth $50,685,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Contravisory Investment Management Inc. bought a new position in Saia during the 4th quarter valued at $26,000. GAMMA Investing LLC purchased a new stake in shares of Saia in the fourth quarter worth approximately $43,000. National Bank of Canada FI purchased a new stake in Saia in the 4th quarter worth approximately $44,000. Benjamin F. Edwards & Company Inc. acquired a new position in Saia in the 4th quarter worth about $58,000. Finally, NBC Securities Inc. bought a new position in Saia during the third quarter valued at approximately $54,000.

Analyst Ratings Changes

SAIA has been the subject of several recent analyst reports. The Goldman Sachs Group upped their price target on Saia from $504.00 to $567.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. UBS Group reduced their price objective on shares of Saia from $618.00 to $541.00 and set a “buy” rating for the company in a report on Monday, April 29th. StockNews.com cut shares of Saia from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. Stifel Nicolaus lowered shares of Saia from a “buy” rating to a “hold” rating and raised their price target for the company from $484.00 to $526.00 in a report on Tuesday, February 6th. Finally, TD Cowen reduced their target price on shares of Saia from $528.00 to $473.00 and set a “hold” rating on the stock in a research note on Monday, April 29th. Two investment 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 a consensus rating of “Hold” and an average price target of $497.22.

Saia Stock Down 0.7 %

SAIA stock traded down $2.81 during trading on Thursday, reaching $410.50. The stock had a trading volume of 419,319 shares, compared to its average volume of 345,425. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $10.91 billion, a price-to-earnings ratio of 30.41, a P/E/G ratio of 1.26 and a beta of 1.71. The company’s 50 day moving average is $544.15 and its two-hundred day moving average is $479.70. Saia, Inc. has a one year low of $266.91 and a one year high of $628.34.

Saia (NASDAQ:SAIA) last issued its 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 net margin of 12.42% and a return on equity of 19.53%. The business had revenue of $754.80 million for the quarter, compared to the consensus estimate of $772.36 million. During the same period in the previous year, the firm earned $2.85 EPS. The company’s revenue was up 14.3% compared to the same quarter last year. Equities research analysts forecast that Saia, Inc. will post 15.38 EPS for the current year.

Insider Buying and Selling

In other Saia news, Director John P. Gainor, Jr. purchased 500 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was acquired at an average cost of $407.00 per share, for a total transaction of $203,500.00. Following the completion of the transaction, the director now directly owns 900 shares in the company, valued at approximately $366,300. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Patrick D. Sugar sold 1,431 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $549.62, for a total transaction of $786,506.22. Following the sale, the executive vice president now owns 7,442 shares in the company, valued at approximately $4,090,272.04. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John P. Gainor, Jr. purchased 500 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was bought at an average price of $407.00 per share, for a total transaction of $203,500.00. Following the purchase, the director now directly owns 900 shares in the company, valued at $366,300. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 5,586 shares of company stock worth $3,122,613. Corporate insiders own 0.30% of the company’s stock.

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.