Crestline Management LP Makes New $3.64 Million Investment in Saia, Inc. (NASDAQ:SAIA)

Crestline Management LP acquired a new stake in Saia, Inc. (NASDAQ:SAIA) in the 4th quarter, HoldingsChannel reports. The fund acquired 7,985 shares of the transportation company’s stock, valued at approximately $3,639,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Franklin Resources Inc. lifted its stake in Saia by 6.0% in the third quarter. Franklin Resources Inc. now owns 68,474 shares of the transportation company’s stock valued at $31,633,000 after acquiring an additional 3,886 shares during the last quarter. GAMMA Investing LLC grew its holdings in Saia by 148.0% during the fourth quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock worth $167,000 after purchasing an additional 219 shares during the period. Everence Capital Management Inc. acquired a new position in Saia during the fourth quarter worth approximately $301,000. Fifth Third Wealth Advisors LLC raised its stake in Saia by 16.7% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 1,110 shares of the transportation company’s stock valued at $506,000 after buying an additional 159 shares during the period. Finally, Park Avenue Securities LLC boosted its stake in shares of Saia by 14.7% during the 4th quarter. Park Avenue Securities LLC now owns 1,267 shares of the transportation company’s stock worth $577,000 after acquiring an additional 162 shares during the period.

Analyst Ratings Changes

Several equities research analysts have issued reports on SAIA shares. Jefferies Financial Group cut their price target on Saia from $560.00 to $455.00 and set a “buy” rating for the company in a report on Wednesday, April 9th. Stephens lowered shares of Saia from an “overweight” rating to an “equal weight” rating and decreased their price target for the company from $515.00 to $255.00 in a research note on Tuesday, April 29th. Stifel Nicolaus set a $277.00 price target on shares of Saia in a report on Monday, April 28th. Citigroup decreased their target price on Saia from $498.00 to $435.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Finally, UBS Group dropped their price target on Saia from $422.00 to $305.00 and set a “buy” rating for the company in a report on Monday, April 28th. Twelve equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $342.58.

Saia Price Performance

Saia stock opened at $254.53 on Wednesday. The stock has a fifty day moving average of $338.27 and a 200-day moving average of $439.23. The stock has a market capitalization of $6.78 billion, a P/E ratio of 18.84, a price-to-earnings-growth ratio of 2.24 and a beta of 2.03. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. Saia, Inc. has a 52 week low of $229.12 and a 52 week high of $624.55.

Saia (NASDAQ:SAIA) last posted its earnings results on Friday, April 25th. The transportation company reported $1.86 EPS for the quarter, missing analysts’ consensus estimates of $2.77 by ($0.91). The company had revenue of $787.58 million during the quarter, compared to the consensus estimate of $806.18 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The firm’s revenue was up 4.3% compared to the same quarter last year. During the same period last year, the company posted $3.38 EPS. On average, sell-side analysts expect that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Saia

In other Saia news, EVP Patrick D. Sugar sold 799 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $493.74, for a total transaction of $394,498.26. Following the sale, the executive vice president now directly owns 8,629 shares of the company’s stock, valued at $4,260,482.46. The trade was a 8.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the transaction, the chief executive officer now directly owns 17,645 shares of the company’s stock, valued at $8,599,114.30. The trade was a 29.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,493 shares of company stock worth $4,646,181 over the last quarter. Corporate insiders own 0.30% of the company’s stock.

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.