Brown Brothers Harriman & Co. Makes New Investment in Saia, Inc. (NASDAQ:SAIA)

Brown Brothers Harriman & Co. bought a new position in Saia, Inc. (NASDAQ:SAIA) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 141 shares of the transportation company’s stock, valued at approximately $64,000.

Several other institutional investors also recently modified their holdings of SAIA. Kestra Investment Management LLC purchased a new position in Saia in the fourth quarter worth $25,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings 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 worth $28,000 after buying an additional 38 shares during the last quarter. Atala Financial Inc bought a new position in Saia during the fourth quarter valued at about $36,000. Tortoise Investment Management LLC increased its holdings in Saia by 76.6% during the fourth quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company’s stock worth $51,000 after buying an additional 49 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in Saia by 47.8% in the fourth quarter. Jones Financial Companies Lllp now owns 201 shares of the transportation company’s stock worth $92,000 after acquiring an additional 65 shares during the period.

Saia Stock Up 4.5 %

Shares of NASDAQ:SAIA opened at $370.82 on Thursday. Saia, Inc. has a 1 year low of $342.68 and a 1 year high of $624.55. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. The stock’s 50-day moving average is $423.44 and its 200 day moving average is $463.36. The company has a market cap of $9.87 billion, a PE ratio of 27.45, a P/E/G ratio of 2.24 and a beta of 1.89.

Saia (NASDAQ:SAIA) last posted its earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.87 by ($0.03). Saia had a net margin of 11.28% and a return on equity of 16.63%. The business had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. During the same period last year, the firm posted $3.33 earnings per share. Saia’s quarterly revenue was up 5.0% on a year-over-year basis. Sell-side analysts anticipate that Saia, Inc. will post 15.46 EPS for the current year.

Insider Activity

In related news, EVP Patrick D. Sugar sold 799 shares of Saia stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $493.74, for a total transaction 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 $4,260,482.46. This trade represents a 8.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the company’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the completion of the sale, the chief executive officer now owns 17,645 shares in the company, valued at approximately $8,599,114.30. This trade represents a 29.92 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,493 shares of company stock valued at $4,646,181. Corporate insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

SAIA has been the subject of a number of research reports. Bank of America reduced their target price on shares of Saia from $565.00 to $484.00 and set a “buy” rating for the company in a research report on Wednesday, March 5th. JPMorgan Chase & Co. dropped their price target on Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. Susquehanna dropped their price objective on shares of Saia from $540.00 to $410.00 and set a “neutral” rating on the stock in a report on Monday. The Goldman Sachs Group boosted their price target on shares of Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Finally, TD Cowen increased 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. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Saia currently has an average rating of “Moderate Buy” and a consensus price target of $509.72.

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.