Saia, Inc. (NASDAQ:SAIA) Shares Acquired by Legato Capital Management LLC

Legato Capital Management LLC grew its holdings in Saia, Inc. (NASDAQ:SAIA) by 100.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,565 shares of the transportation company’s stock after buying an additional 785 shares during the quarter. Legato Capital Management LLC’s holdings in Saia were worth $713,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SAIA. Artemis Investment Management LLP lifted its holdings in shares of Saia by 72.9% in the 4th quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company’s stock valued at $113,833,000 after buying an additional 105,356 shares during the period. Stephens Investment Management Group LLC acquired a new stake in shares of Saia in the 4th quarter valued at approximately $45,767,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Saia by 64.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company’s stock valued at $109,589,000 after buying an additional 98,383 shares during the period. Wasatch Advisors LP lifted its holdings in shares of Saia by 10.2% in the 3rd quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company’s stock valued at $302,761,000 after buying an additional 64,351 shares during the period. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in shares of Saia in the 3rd quarter valued at approximately $22,979,000.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Stifel Nicolaus lifted their price objective on Saia from $443.00 to $529.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. TD Cowen lifted their price objective on Saia from $456.00 to $478.00 and gave the stock a “hold” rating in a report on Tuesday, February 4th. The Goldman Sachs Group lifted their price objective on Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Barclays reduced their price objective on Saia from $620.00 to $600.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, BMO Capital Markets lifted their price objective on Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a report on Monday, October 28th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $535.41.

Saia Stock Performance

Saia stock opened at $482.19 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. The stock has a fifty day moving average of $487.42 and a two-hundred day moving average of $462.77. The company has a market capitalization of $12.82 billion, a price-to-earnings ratio of 35.69, a PEG ratio of 2.51 and a beta of 1.79. Saia, Inc. has a fifty-two week low of $358.90 and a fifty-two week high of $628.34.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing analysts’ consensus estimates 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 period in the prior year, the firm earned $3.33 EPS. On average, analysts anticipate that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Insider Activity

In other news, CEO Frederick J. Holzgrefe III sold 7,534 shares of Saia stock in a transaction on Monday, February 10th. The stock was sold at an average price of $487.34, for a total value of $3,671,619.56. Following the completion of the sale, the chief executive officer now owns 17,645 shares of the company’s stock, valued at $8,599,114.30. The trade was a 29.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Patrick D. Sugar sold 799 shares of Saia stock in a transaction on Monday, February 10th. The shares were sold at an average price of $493.74, for a total value of $394,498.26. Following the completion of the sale, the executive vice president now directly owns 8,629 shares of the company’s stock, valued at approximately $4,260,482.46. This represents a 8.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,453 shares of company stock valued at $4,693,318 over the last quarter. Company 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.