Jennison Associates LLC Sells 12,927 Shares of Saia, Inc. (NASDAQ:SAIA)

Jennison Associates LLC lessened its position in shares of Saia, Inc. (NASDAQ:SAIA) by 6.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 198,746 shares of the transportation company’s stock after selling 12,927 shares during the quarter. Jennison Associates LLC owned about 0.75% of Saia worth $116,266,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. FORA Capital LLC bought a new position in shares of Saia during the 1st quarter worth approximately $3,949,000. Fidelis Capital Partners LLC acquired a new position in Saia during the 1st quarter valued at approximately $197,000. Hunter Associates Investment Management LLC increased its stake in Saia by 34.7% during the 1st quarter. Hunter Associates Investment Management LLC now owns 5,424 shares of the transportation company’s stock valued at $3,175,000 after purchasing an additional 1,397 shares in the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of Saia by 5.2% in the 1st quarter. Janney Montgomery Scott LLC now owns 15,521 shares of the transportation company’s stock valued at $9,080,000 after acquiring an additional 762 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Saia by 1,012.6% in the 1st quarter. BNP Paribas Financial Markets now owns 17,646 shares of the transportation company’s stock valued at $10,323,000 after acquiring an additional 16,060 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. UBS Group dropped their price objective on shares of Saia from $618.00 to $541.00 and set a “buy” rating on the stock in a report on Monday, April 29th. The Goldman Sachs Group upped their price objective on shares of Saia from $504.00 to $567.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Stifel Nicolaus raised shares of Saia from a “hold” rating to a “buy” rating and dropped their price objective for the company from $526.00 to $475.00 in a report on Friday, May 24th. Benchmark upped their price objective on shares of Saia from $575.00 to $625.00 and gave the company a “buy” rating in a report on Thursday, March 21st. Finally, Susquehanna lowered their price target on shares of Saia from $610.00 to $550.00 and set a “positive” rating on the stock in a report on Wednesday, June 12th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $498.00.

Saia Price Performance

SAIA traded down $4.63 during midday trading on Monday, hitting $459.60. 440,063 shares of the company traded hands, compared to its average volume of 367,608. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $12.22 billion, a price-to-earnings ratio of 33.30, a PEG ratio of 1.66 and a beta of 1.72. Saia, Inc. has a 52-week low of $341.26 and a 52-week high of $628.34. The business has a 50 day simple moving average of $429.18 and a two-hundred day simple moving average of $490.40.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, April 26th. The transportation company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.43 by ($0.05). The company had revenue of $754.80 million for 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 business’s revenue for the quarter was up 14.3% on a year-over-year basis. During the same period in the previous year, the business earned $2.85 earnings per share. On average, equities analysts forecast that Saia, Inc. will post 15.31 earnings per share for the current fiscal year.

Insider Activity

In other Saia news, Director John P. Gainor, Jr. bought 500 shares of Saia 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 of the company’s stock, valued at $366,300. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.30% of the company’s stock.

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.