Westfield Capital Management Co. LP Reduces Stake in Saia, Inc. (NASDAQ:SAIA)

Westfield Capital Management Co. LP reduced its position in Saia, Inc. (NASDAQ:SAIA) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 376,409 shares of the transportation company’s stock after selling 10,087 shares during the quarter. Saia makes up approximately 1.0% of Westfield Capital Management Co. LP’s portfolio, making the stock its 15th biggest position. Westfield Capital Management Co. LP owned 1.42% of Saia worth $164,950,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Saia in the fourth quarter valued at approximately $201,117,000. Artisan Partners Limited Partnership lifted its holdings in Saia by 68.1% during the third quarter. Artisan Partners Limited Partnership now owns 802,094 shares of the transportation company’s stock worth $319,755,000 after acquiring an additional 325,031 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of Saia by 53.1% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 663,265 shares of the transportation company’s stock worth $290,655,000 after acquiring an additional 230,058 shares in the last quarter. Jennison Associates LLC raised 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 worth $92,759,000 after acquiring an additional 84,046 shares in the last quarter. Finally, TimesSquare Capital Management LLC raised its position in shares of Saia by 129.1% in the fourth quarter. TimesSquare Capital Management LLC now owns 115,660 shares of the transportation company’s stock valued at $50,685,000 after purchasing an additional 65,185 shares during the period.

Saia Price Performance

Shares of Saia stock traded up $19.75 on Friday, reaching $400.00. The company’s stock had a trading volume of 649,097 shares, compared to its average volume of 354,689. The stock has a 50-day moving average price of $498.38 and a 200-day moving average price of $481.13. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $10.64 billion, a P/E ratio of 28.99, a PEG ratio of 1.36 and a beta of 1.71. Saia, Inc. has a 52-week low of $274.75 and a 52-week high of $628.34.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $772.36 million. Saia had a return on equity of 19.53% and a net margin of 12.42%. The company’s revenue was up 14.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.85 earnings per share. Analysts expect that Saia, Inc. will post 15.25 EPS for the current year.

Analyst Upgrades and Downgrades

SAIA has been the subject of a number of research reports. TD Cowen dropped their price objective on shares of Saia from $528.00 to $473.00 and set a “hold” rating for the company in a report on Monday, April 29th. Raymond James boosted their target price on Saia from $565.00 to $604.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. Benchmark lifted their price target on Saia from $575.00 to $625.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. JPMorgan Chase & Co. dropped their price target on Saia from $676.00 to $580.00 and set an “overweight” rating on the stock in a research note on Monday, April 29th. Finally, BMO Capital Markets lowered their target price on shares of Saia from $575.00 to $490.00 and set a “market perform” rating on the stock in a report on Monday, April 29th. Two analysts have rated the stock with a sell rating, five have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, Saia presently has a consensus rating of “Moderate Buy” and an average price target of $494.39.

Insiders Place Their Bets

In related news, Director John P. Gainor, Jr. bought 500 shares of the business’s stock in a transaction that occurred 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 transaction, the director now directly owns 900 shares of the company’s stock, valued at $366,300. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.30% of the stock is currently owned by company insiders.

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.