Driehaus Capital Management LLC Has $34.51 Million Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

Driehaus Capital Management LLC lifted its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 9.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 75,726 shares of the transportation company’s stock after acquiring an additional 6,274 shares during the period. Driehaus Capital Management LLC’s holdings in Saia were worth $34,511,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Kestra Investment Management LLC bought a new position in shares of Saia during the fourth quarter valued at about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Saia by 172.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company’s stock worth $28,000 after acquiring an additional 38 shares during the last quarter. Atala Financial Inc bought a new stake in Saia in the 4th quarter worth approximately $36,000. Huntington National Bank raised its position in Saia by 291.7% in the fourth quarter. Huntington National Bank now owns 94 shares of the transportation company’s stock worth $43,000 after acquiring an additional 70 shares during the period. Finally, Tortoise Investment Management LLC increased its stake in shares of Saia by 76.6% in the fourth quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company’s stock worth $51,000 after purchasing an additional 49 shares in the last quarter.

Insiders Place Their Bets

In other Saia news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 17,645 shares of the company’s stock, valued at approximately $8,599,114.30. This trade represents 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 accessible through this hyperlink. Also, EVP Patrick D. Sugar sold 799 shares of the 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,493 shares of company stock worth $4,646,181 in the last ninety days. 0.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on SAIA shares. Wells Fargo & Company lowered their price target on shares of Saia from $400.00 to $260.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. Citigroup decreased their target price on shares of Saia from $498.00 to $435.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. UBS Group cut their price objective on Saia from $422.00 to $305.00 and set a “buy” rating on the stock in a report on Monday, April 28th. Susquehanna decreased their price objective on shares of Saia from $540.00 to $410.00 and set a “neutral” rating for the company in a research report on Monday, March 31st. Finally, Evercore ISI lowered their target price on Saia from $415.00 to $298.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Twelve analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, Saia presently has an average rating of “Hold” and an average target price of $342.58.

Saia Stock Up 2.2 %

SAIA opened at $265.79 on Friday. Saia, Inc. has a twelve month low of $229.12 and a twelve month high of $624.55. The firm has a 50 day moving average price of $332.78 and a 200-day moving average price of $436.91. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $7.08 billion, a price-to-earnings ratio of 19.67, a PEG ratio of 2.24 and a beta of 2.03.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, April 25th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.77 by ($0.91). Saia had a net margin of 11.28% and a return on equity of 16.63%. The company had revenue of $787.58 million for the quarter, compared to analysts’ expectations of $806.18 million. During the same period last year, the business earned $3.38 earnings per share. The company’s quarterly revenue was up 4.3% compared to the same quarter last year. Equities research analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current year.

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.