Saia Inc (SAIA) Shares Bought by American Century Companies Inc.

American Century Companies Inc. lifted its stake in Saia Inc (NASDAQ:SAIA) by 12.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 142,721 shares of the transportation company’s stock after acquiring an additional 15,927 shares during the quarter. American Century Companies Inc.’s holdings in Saia were worth $10,098,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. TIAA CREF Investment Management LLC grew its stake in shares of Saia by 0.5% in the second quarter. TIAA CREF Investment Management LLC now owns 68,236 shares of the transportation company’s stock worth $3,501,000 after acquiring an additional 347 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Saia by 3.4% in the second quarter. The Manufacturers Life Insurance Company now owns 19,906 shares of the transportation company’s stock worth $1,021,000 after acquiring an additional 661 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Saia by 72.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,634 shares of the transportation company’s stock worth $116,000 after acquiring an additional 685 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of Saia by 6.8% in the fourth quarter. Louisiana State Employees Retirement System now owns 11,000 shares of the transportation company’s stock worth $778,000 after acquiring an additional 700 shares during the period. Finally, Bessemer Group Inc. grew its stake in shares of Saia by 75.0% in the fourth quarter. Bessemer Group Inc. now owns 2,100 shares of the transportation company’s stock worth $149,000 after acquiring an additional 900 shares during the period. Hedge funds and other institutional investors own 99.83% of the company’s stock.

Saia Inc (NASDAQ:SAIA) opened at $74.05 on Friday. The company has a quick ratio of 1.09, a current ratio of 1.22 and a debt-to-equity ratio of 0.20. The stock has a market cap of $1,869.72, a P/E ratio of 21.22 and a beta of 0.85. Saia Inc has a 1-year low of $41.28 and a 1-year high of $80.25.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, February 2nd. The transportation company reported $0.53 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.53. The company had revenue of $353.20 million for the quarter, compared to the consensus estimate of $343.26 million. Saia had a net margin of 6.61% and a return on equity of 10.80%. The firm’s revenue was up 17.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.40 earnings per share. analysts expect that Saia Inc will post 3.54 EPS for the current year.

In related news, VP Frederick J. Holzgrefe III sold 17,361 shares of the firm’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $73.70, for a total value of $1,279,505.70. Following the transaction, the vice president now owns 34,565 shares of the company’s stock, valued at $2,547,440.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Stephanie Maschmeier sold 8,177 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $73.96, for a total transaction of $604,770.92. Following the completion of the transaction, the insider now directly owns 3,678 shares in the company, valued at approximately $272,024.88. The disclosure for this sale can be found here. In the last three months, insiders sold 81,709 shares of company stock worth $6,040,524. 1.50% of the stock is currently owned by insiders.

SAIA has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Saia from a “hold” rating to a “buy” rating and set a $80.00 price target for the company in a research note on Tuesday, January 2nd. BidaskClub upgraded shares of Saia from a “buy” rating to a “strong-buy” rating in a research note on Saturday, January 13th. Cowen lifted their price target on shares of Saia from $61.00 to $80.00 and gave the stock a “buy” rating in a research note on Monday, February 5th. Stephens reiterated a “neutral” rating on shares of Saia in a research note on Friday, February 2nd. Finally, Stifel Nicolaus lifted their price target on shares of Saia from $60.00 to $61.00 and gave the stock a “hold” rating in a research note on Wednesday, December 13th. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $63.75.

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Saia Profile

Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.

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Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

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