Saia, Inc. (NASDAQ:SAIA) Stake Lowered by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC decreased its stake in Saia, Inc. (NASDAQ:SAIA) by 79.2% during the 4th quarter, HoldingsChannel reports. The firm owned 4,840 shares of the transportation company’s stock after selling 18,380 shares during the period. Lisanti Capital Growth LLC’s holdings in Saia were worth $2,121,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Contravisory Investment Management Inc. bought a new stake in shares of Saia during the fourth quarter valued at about $26,000. GAMMA Investing LLC bought a new stake in shares of Saia during the 4th quarter worth about $43,000. National Bank of Canada FI bought a new stake in shares of Saia during the 4th quarter worth about $44,000. NBC Securities Inc. acquired a new stake in shares of Saia in the 3rd quarter worth approximately $54,000. Finally, Benjamin F. Edwards & Company Inc. bought a new position in shares of Saia in the fourth quarter valued at approximately $58,000.

Insider Buying and Selling at Saia

In other news, Director John P. Gainor, Jr. acquired 500 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were purchased at an average price of $407.00 per share, for a total transaction of $203,500.00. Following the completion of the acquisition, the director now owns 900 shares of the company’s stock, valued at approximately $366,300. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Saia news, VP Raymond R. Ramu sold 1,943 shares of the firm’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $565.83, for a total transaction of $1,099,407.69. Following the transaction, the vice president now directly owns 4,447 shares in the company, valued at $2,516,246.01. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John P. Gainor, Jr. purchased 500 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were bought at an average price of $407.00 per share, with a total value of $203,500.00. Following the purchase, the director now owns 900 shares in the company, valued at approximately $366,300. The disclosure for this purchase can be found here. Insiders have sold 5,586 shares of company stock worth $3,122,613 over the last 90 days. 0.30% of the stock is currently owned by corporate insiders.

Saia Stock Up 3.4 %

Shares of NASDAQ SAIA traded up $13.20 during mid-day trading on Tuesday, reaching $406.46. The company had a trading volume of 505,875 shares, compared to its average volume of 343,232. The stock has a fifty day moving average of $550.41 and a two-hundred day moving average of $480.00. Saia, Inc. has a 12-month low of $266.91 and a 12-month high of $628.34. The company has a market capitalization of $10.81 billion, a price-to-earnings ratio of 28.50, a PEG ratio of 1.26 and a beta of 1.71. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.23 and a current ratio of 1.23.

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 company had revenue of $754.80 million for the quarter, compared to analyst estimates of $772.36 million. During the same period last year, the business earned $2.85 EPS. The company’s quarterly revenue was up 14.3% on a year-over-year basis. As a group, equities research analysts expect that Saia, Inc. will post 15.38 EPS for the current year.

Analyst Ratings Changes

SAIA has been the subject of a number of research analyst reports. JPMorgan Chase & Co. cut their target price on Saia from $676.00 to $580.00 and set an “overweight” rating for the company in a research report on Monday, April 29th. The Goldman Sachs Group raised their target price on Saia from $504.00 to $567.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. UBS Group dropped their price target on shares of Saia from $618.00 to $541.00 and set a “buy” rating on the stock in a research report on Monday, April 29th. Raymond James lifted their price objective 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. Finally, TD Cowen cut their target price on shares of Saia from $528.00 to $473.00 and set a “hold” rating for the company in a research note on Monday, April 29th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $497.22.

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.