Saia Inc (SAIA) Holdings Lessened by Kennedy Capital Management Inc.
Kennedy Capital Management Inc. reduced its holdings in Saia Inc (NASDAQ:SAIA) by 0.4% in the 4th quarter, HoldingsChannel reports. The fund owned 263,728 shares of the transportation company’s stock after selling 977 shares during the quarter. Kennedy Capital Management Inc.’s holdings in Saia were worth $18,659,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in the business. Geode Capital Management LLC increased its holdings in shares of Saia by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 229,521 shares of the transportation company’s stock worth $16,238,000 after acquiring an additional 8,259 shares in the last quarter. Brown Advisory Inc. increased its holdings in shares of Saia by 36.6% in the fourth quarter. Brown Advisory Inc. now owns 8,694 shares of the transportation company’s stock worth $615,000 after acquiring an additional 2,331 shares in the last quarter. Citadel Advisors LLC increased its holdings in shares of Saia by 23.7% in the fourth quarter. Citadel Advisors LLC now owns 64,800 shares of the transportation company’s stock worth $4,584,000 after acquiring an additional 12,399 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Saia in the fourth quarter worth about $2,257,000. Finally, Employees Retirement System of Texas increased its holdings in shares of Saia by 25.0% in the fourth quarter. Employees Retirement System of Texas now owns 75,000 shares of the transportation company’s stock worth $5,306,000 after acquiring an additional 15,000 shares in the last quarter. Institutional investors own 99.83% of the company’s stock.
Saia Inc (NASDAQ:SAIA) opened at $70.70 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $1,825.60, a PE ratio of 32.32 and a beta of 0.87. Saia Inc has a 52-week low of $41.28 and a 52-week high of $80.25.
Several equities research analysts have issued reports on the company. Stifel Nicolaus increased their price target on Saia from $60.00 to $61.00 and gave the stock a “hold” rating in a report on Wednesday, December 13th. Morgan Stanley increased their price target on Saia from $35.00 to $50.00 and gave the stock an “underweight” rating in a report on Wednesday, February 21st. Cowen increased their price target on Saia from $61.00 to $80.00 and gave the stock a “buy” rating in a report on Monday, February 5th. BidaskClub downgraded Saia from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 6th. Finally, Stephens restated a “neutral” rating on shares of Saia in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Saia currently has a consensus rating of “Hold” and a consensus target price of $67.75.
In other news, Director Bjorn E. Olsson sold 3,000 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $73.51, for a total transaction of $220,530.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Frederick J. Holzgrefe III sold 17,361 shares of the company’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $73.70, for a total value of $1,279,505.70. Following the transaction, the vice president now directly owns 34,565 shares of the company’s stock, valued at $2,547,440.50. The disclosure for this sale can be found here. Insiders have sold 86,109 shares of company stock valued at $6,365,332 over the last ninety days. 1.50% of the stock is owned by insiders.
Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.
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