Lisanti Capital Growth LLC Decreases Position in Saia, Inc. (NASDAQ:SAIA)

Lisanti Capital Growth LLC reduced its position in shares of Saia, Inc. (NASDAQ:SAIA) by 79.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Artisan Partners Limited Partnership lifted its stake 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 in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in Saia by 53.1% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 663,265 shares of the transportation company’s stock worth $290,655,000 after buying an additional 230,058 shares during the last quarter. Jennison Associates LLC grew its holdings in Saia by 65.9% in the 4th quarter. Jennison Associates LLC now owns 211,673 shares of the transportation company’s stock valued at $92,759,000 after buying an additional 84,046 shares in the last quarter. Invesco Ltd. increased its stake in shares of Saia by 9.9% in the 3rd quarter. Invesco Ltd. now owns 705,719 shares of the transportation company’s stock worth $281,335,000 after acquiring an additional 63,794 shares during the last quarter. Finally, Natixis Advisors L.P. raised its holdings in shares of Saia by 43.8% during the 4th quarter. Natixis Advisors L.P. now owns 203,004 shares of the transportation company’s stock worth $88,960,000 after acquiring an additional 61,862 shares during the period.

Analyst Upgrades and Downgrades

SAIA has been the subject of several recent analyst reports. Bank of America cut their price objective on shares of Saia from $645.00 to $484.00 and set a “buy” rating for the company in a research report on Monday, April 29th. UBS Group decreased their price objective on Saia from $618.00 to $541.00 and set a “buy” rating on the stock in a report on Monday, April 29th. StockNews.com cut Saia from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. Wolfe Research lowered Saia from an “outperform” rating to a “peer perform” rating in a research note on Thursday, April 11th. Finally, Benchmark boosted their price objective on shares of Saia from $575.00 to $625.00 and gave the company a “buy” rating in a report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $497.22.

Saia Stock Performance

Shares of NASDAQ SAIA traded up $13.20 during midday trading on Tuesday, reaching $406.46. 505,875 shares of the company were exchanged, compared to its average volume of 343,232. The stock has a fifty day simple moving average of $550.41 and a 200 day simple moving average of $480.00. Saia, Inc. has a 1 year low of $266.91 and a 1 year high of $628.34. The stock has a market cap of $10.81 billion, a P/E ratio of 28.50, a PEG ratio of 1.26 and a beta of 1.71. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.04.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, April 26th. The transportation company reported $3.38 EPS for the quarter, missing analysts’ consensus estimates of $3.43 by ($0.05). Saia had a return on equity of 19.53% and a net margin of 12.42%. The firm had revenue of $754.80 million for the quarter, compared to analysts’ expectations of $772.36 million. During the same quarter in the previous year, the company posted $2.85 EPS. The firm’s quarterly revenue was up 14.3% compared to the same quarter last year. On average, research analysts forecast that Saia, Inc. will post 15.38 earnings per share for the current fiscal year.

Insider Activity at Saia

In other news, Director Donna E. Epps sold 400 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $565.14, for a total transaction of $226,056.00. Following the completion of the transaction, the director now directly owns 1,583 shares of the company’s stock, valued at approximately $894,616.62. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, VP Raymond R. Ramu sold 1,943 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $565.83, for a total value of $1,099,407.69. Following the completion of the sale, the vice president now owns 4,447 shares in the company, valued at $2,516,246.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Donna E. Epps sold 400 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $565.14, for a total transaction of $226,056.00. Following the transaction, the director now owns 1,583 shares in the company, valued at $894,616.62. The disclosure for this sale can be found here. Insiders sold a total of 5,586 shares of company stock worth $3,122,613 over the last 90 days. Company insiders own 0.30% of the company’s stock.

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.