Saia, Inc. (NASDAQ:SAIA) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 1.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 202,602 shares of the transportation company’s stock after selling 3,942 shares during the period. Dimensional Fund Advisors LP’s holdings in Saia were worth $92,340,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Kestra Investment Management LLC purchased a new stake in shares of Saia during the fourth quarter worth $25,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Saia by 172.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company’s stock valued at $28,000 after purchasing an additional 38 shares during the period. Atala Financial Inc purchased a new stake in shares of Saia in the fourth quarter valued at about $36,000. Huntington National Bank grew its holdings in shares of Saia by 291.7% in the fourth quarter. Huntington National Bank now owns 94 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 70 shares during the period. Finally, Tortoise Investment Management LLC grew its holdings in shares of Saia by 76.6% in the fourth quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company’s stock valued at $51,000 after purchasing an additional 49 shares during the period.

Analysts Set New Price Targets

SAIA has been the topic of a number of recent analyst reports. Citigroup decreased their target price on shares of Saia from $498.00 to $435.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Deutsche Bank Aktiengesellschaft started coverage on shares of Saia in a research report on Friday, March 7th. They issued a “buy” rating and a $570.00 target price on the stock. JPMorgan Chase & Co. reduced their price target on shares of Saia from $436.00 to $299.00 and set an “overweight” rating on the stock in a research report on Monday. Evercore ISI reduced their price target on shares of Saia from $415.00 to $298.00 and set an “outperform” rating on the stock in a research report on Monday. Finally, Raymond James set a $310.00 price target on shares of Saia and gave the stock an “outperform” rating in a research report on Monday. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $376.37.

Insider Buying and Selling at Saia

In other news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $487.34, for a total value of $3,671,619.56. Following the completion of the sale, the chief executive officer now directly owns 17,645 shares of the company’s stock, valued at approximately $8,599,114.30. This represents a 29.92 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Patrick D. Sugar sold 799 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $493.74, for a total transaction of $394,498.26. Following the transaction, the executive vice president now directly owns 8,629 shares of the company’s stock, valued at $4,260,482.46. This represents a 8.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,493 shares of company stock worth $4,646,181 over the last 90 days. Corporate insiders own 0.30% of the company’s stock.

Saia Stock Performance

Shares of SAIA stock opened at $237.11 on Tuesday. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The firm has a fifty day moving average price of $358.20 and a 200 day moving average price of $447.63. The company has a market cap of $6.31 billion, a P/E ratio of 17.55, a PEG ratio of 2.24 and a beta of 1.99. Saia, Inc. has a 12 month low of $229.21 and a 12 month high of $624.55.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Friday, April 25th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.77 by ($0.91). Saia had a net margin of 11.28% and a return on equity of 16.63%. The company had revenue of $787.58 million during the quarter, compared to analyst estimates of $806.18 million. During the same quarter in the prior year, the company earned $3.38 EPS. The business’s revenue was up 4.3% on a year-over-year basis. Sell-side analysts predict that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

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.