Artisan Partners Limited Partnership Purchases 325,031 Shares of Saia, Inc. (NASDAQ:SAIA)

Artisan Partners Limited Partnership grew its stake in Saia, Inc. (NASDAQ:SAIAFree Report) by 68.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 802,094 shares of the transportation company’s stock after purchasing an additional 325,031 shares during the period. Artisan Partners Limited Partnership owned approximately 3.02% of Saia worth $319,755,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of SAIA. HighTower Advisors LLC bought a new stake in Saia during the 1st quarter valued at $422,000. Rhumbline Advisers raised its position in Saia by 2.9% during the 1st quarter. Rhumbline Advisers now owns 74,474 shares of the transportation company’s stock valued at $18,158,000 after purchasing an additional 2,083 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Saia by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,652 shares of the transportation company’s stock valued at $2,353,000 after purchasing an additional 920 shares in the last quarter. APG Asset Management N.V. raised its position in Saia by 56.9% during the 1st quarter. APG Asset Management N.V. now owns 8,000 shares of the transportation company’s stock valued at $1,753,000 after purchasing an additional 2,900 shares in the last quarter. Finally, Great West Life Assurance Co. Can raised its position in Saia by 7.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 14,397 shares of the transportation company’s stock valued at $3,608,000 after purchasing an additional 994 shares in the last quarter.

Saia Stock Performance

Shares of SAIA stock traded up $17.08 during trading hours on Thursday, reaching $553.10. The company had a trading volume of 314,694 shares, compared to its average volume of 294,518. The stock has a fifty day moving average of $440.45 and a 200-day moving average of $418.29. The company has a market capitalization of $14.68 billion, a price-to-earnings ratio of 40.76, a PEG ratio of 2.43 and a beta of 1.58. Saia, Inc. has a 12-month low of $244.69 and a 12-month high of $556.94.

Saia (NASDAQ:SAIAGet Free Report) last issued its quarterly earnings data on Friday, February 2nd. The transportation company reported $3.33 earnings per share for the quarter, topping the consensus estimate of $3.20 by $0.13. The company had revenue of $751.10 million during the quarter, compared to analyst estimates of $745.48 million. Saia had a return on equity of 19.75% and a net margin of 12.31%. The firm’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the prior year, the business posted $2.65 earnings per share. On average, analysts forecast that Saia, Inc. will post 16.01 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SAIA. StockNews.com raised Saia from a “sell” rating to a “hold” rating in a research report on Monday, October 30th. Benchmark lifted their price target on Saia from $475.00 to $575.00 and gave the company a “buy” rating in a report on Monday. The Goldman Sachs Group lifted their price target on Saia from $398.00 to $446.00 and gave the company a “neutral” rating in a report on Monday. Stifel Nicolaus downgraded Saia from a “buy” rating to a “hold” rating and lifted their price target for the company from $484.00 to $526.00 in a report on Tuesday. Finally, UBS Group lifted their price target on Saia from $475.00 to $618.00 and gave the company a “buy” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, Saia presently has an average rating of “Moderate Buy” and an average target price of $468.89.

View Our Latest Analysis on SAIA

Insider Activity

In other news, CFO Douglas L. Col sold 1,743 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $536.92, for a total value of $935,851.56. Following the sale, the chief financial officer now directly owns 6,854 shares in the company, valued at $3,680,049.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CEO Frederick J. Holzgrefe III sold 7,500 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $533.46, for a total value of $4,000,950.00. Following the transaction, the chief executive officer now owns 14,248 shares of the company’s stock, valued at $7,600,738.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Douglas L. Col sold 1,743 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $536.92, for a total value of $935,851.56. Following the transaction, the chief financial officer now directly owns 6,854 shares in the company, valued at approximately $3,680,049.68. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,113 shares of company stock worth $6,476,700. Corporate insiders own 0.50% of the company’s stock.

About Saia

(Free Report)

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. As of December 31, 2022, it operated 191 owned and leased facilities; and owned approximately 6,200 tractors and 20,800 trailers.

Further Reading

Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

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