TimesSquare Capital Management LLC Purchases 65,185 Shares of Saia, Inc. (NASDAQ:SAIA)

TimesSquare Capital Management LLC increased its position in Saia, Inc. (NASDAQ:SAIA) by 129.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 115,660 shares of the transportation company’s stock after buying an additional 65,185 shares during the period. TimesSquare Capital Management LLC’s holdings in Saia were worth $50,685,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of SAIA. Artisan Partners Limited Partnership raised its position in shares of Saia by 68.1% during the 3rd quarter. Artisan Partners Limited Partnership now owns 802,094 shares of the transportation company’s stock valued at $319,755,000 after buying an additional 325,031 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in Saia by 53.1% in 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 increased its position in Saia by 65.9% during the fourth quarter. Jennison Associates LLC now owns 211,673 shares of the transportation company’s stock valued at $92,759,000 after acquiring an additional 84,046 shares during the last quarter. Invesco Ltd. raised its stake in shares of Saia by 9.9% in the third quarter. Invesco Ltd. now owns 705,719 shares of the transportation company’s stock valued at $281,335,000 after acquiring an additional 63,794 shares during the period. Finally, Natixis Advisors L.P. lifted its holdings in shares of Saia by 43.8% in 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 last quarter.

Saia Price Performance

Shares of NASDAQ:SAIA traded down $2.81 during midday trading on Thursday, hitting $410.50. The company had a trading volume of 419,319 shares, compared to its average volume of 345,425. The business’s 50-day simple moving average is $544.15 and its 200-day simple moving average is $479.70. The stock has a market cap of $10.91 billion, a price-to-earnings ratio of 30.41, a price-to-earnings-growth ratio of 1.26 and a beta of 1.71. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.23 and a quick ratio of 1.23. Saia, Inc. has a twelve month low of $266.91 and a twelve month high of $628.34.

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

Insiders Place Their Bets

In other news, Director John P. Gainor, Jr. purchased 500 shares of the stock in a transaction dated Thursday, May 2nd. The stock was acquired at an average cost of $407.00 per share, for a total transaction of $203,500.00. Following the completion of the transaction, the director now directly owns 900 shares in the company, valued at approximately $366,300. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. In other Saia news, CFO Douglas L. Col sold 1,812 shares of the stock in a transaction that occurred on Tuesday, February 13th. The shares were sold at an average price of $557.75, for a total value of $1,010,643.00. Following the sale, the chief financial officer now directly owns 5,623 shares of the company’s stock, valued at approximately $3,136,228.25. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John P. Gainor, Jr. purchased 500 shares of the business’s stock in a transaction on Thursday, May 2nd. The stock was acquired at an average price of $407.00 per share, for a total transaction of $203,500.00. Following the completion of the purchase, the director now owns 900 shares of the company’s stock, valued at $366,300. The disclosure for this purchase can be found here. Insiders sold a total of 5,586 shares of company stock valued at $3,122,613 over the last 90 days. 0.30% of the stock is owned by company insiders.

Analyst Ratings Changes

SAIA has been the topic of a number of analyst reports. BMO Capital Markets cut their target price on Saia from $575.00 to $490.00 and set a “market perform” rating on the stock in a research note on Monday, April 29th. Raymond James increased their price objective on Saia from $565.00 to $604.00 and gave the stock an “outperform” rating in a research note on Monday, April 15th. JPMorgan Chase & Co. lowered their target price on Saia from $676.00 to $580.00 and set an “overweight” rating for the company in a report on Monday, April 29th. StockNews.com lowered Saia from a “hold” rating to a “sell” rating in a report on Monday, April 29th. Finally, Susquehanna raised their price target on shares of Saia from $500.00 to $625.00 and gave the company a “positive” rating in a report on Thursday, February 8th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $497.22.

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.