Saia, Inc. (NASDAQ:SAIA) Stake Boosted by LRT Capital Management LLC

LRT Capital Management LLC lifted its stake in Saia, Inc. (NASDAQ:SAIA) by 6.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,383 shares of the transportation company’s stock after acquiring an additional 218 shares during the quarter. LRT Capital Management LLC’s holdings in Saia were worth $1,542,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insider Activity at Saia

In other Saia news, CAO Kelly W. Benton sold 460 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total value of $230,000.00. Following the completion of the transaction, the chief accounting officer now owns 4,287 shares of the company’s stock, valued at $2,143,500. This represents a 9.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Matthew J. Batteh sold 700 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total value of $350,063.00. Following the completion of the sale, the chief financial officer now owns 3,326 shares of the company’s stock, valued at $1,663,299.34. This represents a 17.39% decrease in their position. The disclosure for this sale can be found here. 0.30% of the stock is owned by corporate insiders.

Saia Trading Down 1.9%

Shares of Saia stock opened at $260.62 on Monday. Saia, Inc. has a 1 year low of $229.12 and a 1 year high of $624.55. The company’s fifty day simple moving average is $330.05 and its 200-day simple moving average is $436.06. The company has a market cap of $6.94 billion, a price-to-earnings ratio of 19.29, a PEG ratio of 2.24 and a beta of 2.03. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share 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 during the quarter, compared to the consensus estimate of $806.18 million. During the same period last year, the company earned $3.38 earnings per share. Saia’s revenue for the quarter was up 4.3% on a year-over-year basis. As a group, sell-side analysts expect that Saia, Inc. will post 15.46 EPS for the current year.

Analysts Set New Price Targets

Several research firms have commented on SAIA. Bank of America downgraded shares of Saia from a “buy” rating to a “neutral” rating and set a $251.00 target price for the company. in a research 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 report on Monday, March 31st. UBS Group lowered their target price on shares of Saia from $422.00 to $305.00 and set a “buy” rating on the stock in a research report on Monday, April 28th. Wolfe Research cut Saia from an “outperform” rating to a “peer perform” rating in a research report on Tuesday, April 29th. Finally, Stifel Nicolaus set a $277.00 price target on Saia in a research note on Monday, April 28th. Twelve investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Saia currently has a consensus rating of “Hold” and an average price target of $342.58.

Saia 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.