Jennison Associates LLC Has $92.76 Million Stake in Saia, Inc. (NASDAQ:SAIA)

Jennison Associates LLC boosted its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 65.9% during the fourth quarter, Holdings Channel reports. The institutional investor owned 211,673 shares of the transportation company’s stock after acquiring an additional 84,046 shares during the quarter. Jennison Associates LLC’s holdings in Saia were worth $92,759,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of SAIA. Signaturefd LLC raised its holdings in Saia by 18.8% during the 4th quarter. Signaturefd LLC now owns 228 shares of the transportation company’s stock worth $100,000 after purchasing an additional 36 shares during the last quarter. Hunter Associates Investment Management LLC raised its stake in shares of Saia by 1.5% during the fourth quarter. Hunter Associates Investment Management LLC now owns 4,027 shares of the transportation company’s stock worth $1,773,000 after buying an additional 61 shares during the last quarter. ZWJ Investment Counsel Inc. boosted its stake in Saia by 5.6% in the fourth quarter. ZWJ Investment Counsel Inc. now owns 35,521 shares of the transportation company’s stock valued at $15,566,000 after acquiring an additional 1,869 shares during the last quarter. Xponance Inc. grew its holdings in Saia by 1.0% during the 4th quarter. Xponance Inc. now owns 3,495 shares of the transportation company’s stock worth $1,532,000 after acquiring an additional 33 shares during the period. Finally, Flossbach Von Storch AG acquired a new position in shares of Saia in the 4th quarter valued at $1,637,000.

Saia Stock Performance

Shares of NASDAQ SAIA opened at $522.62 on Tuesday. The stock has a market capitalization of $13.90 billion, a P/E ratio of 39.38, a PEG ratio of 1.68 and a beta of 1.62. Saia, Inc. has a 52 week low of $244.69 and a 52 week high of $628.34. The stock’s fifty day moving average is $571.83 and its 200 day moving average is $477.05.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Friday, February 2nd. The transportation company reported $3.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.20 by $0.13. Saia had a net margin of 12.31% and a return on equity of 19.75%. The business had revenue of $751.10 million during the quarter, compared to analyst estimates of $745.48 million. During the same quarter last year, the business earned $2.65 EPS. The firm’s quarterly revenue was up 14.5% on a year-over-year basis. Equities research analysts forecast that Saia, Inc. will post 16.13 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Donna E. Epps sold 400 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $565.14, for a total transaction of $226,056.00. Following the completion of the transaction, the director now directly owns 1,583 shares of the company’s stock, valued at approximately $894,616.62. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Saia news, Director Donna E. Epps sold 400 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $565.14, for a total value of $226,056.00. Following the sale, the director now owns 1,583 shares in the company, valued at approximately $894,616.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Patrick D. Sugar sold 1,431 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $549.62, for a total transaction of $786,506.22. Following the transaction, the executive vice president now owns 7,442 shares of the company’s stock, valued at approximately $4,090,272.04. The disclosure for this sale can be found here. Insiders have sold a total of 27,699 shares of company stock valued at $14,966,813 over the last 90 days. 0.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on SAIA. BMO Capital Markets upped their price objective on Saia from $450.00 to $515.00 and gave the company a “market perform” rating in a report on Monday, February 5th. Wolfe Research lowered shares of Saia from an “outperform” rating to a “peer perform” rating in a research note on Thursday, April 11th. Benchmark upped their target price on shares of Saia from $575.00 to $625.00 and gave the company a “buy” rating in a research note on Thursday, March 21st. JPMorgan Chase & Co. assumed coverage on Saia in a report on Monday, March 11th. They set an “overweight” rating and a $676.00 price objective on the stock. Finally, UBS Group upped their price objective on Saia from $475.00 to $618.00 and gave the stock a “buy” rating in a research report on Monday, February 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, Saia currently has an average rating of “Moderate Buy” and an average target price of $500.84.

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.