Dimensional Fund Advisors LP Sells 3,942 Shares of Saia, Inc. (NASDAQ:SAIA)

Dimensional Fund Advisors LP cut its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 1.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (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 owned 0.76% of Saia worth $92,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Kestra Investment Management LLC purchased a new position in shares of Saia in the 4th quarter worth approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Saia by 172.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company’s stock worth $28,000 after purchasing an additional 38 shares during the period. Atala Financial Inc purchased a new position in shares of Saia in the 4th quarter worth approximately $36,000. Huntington National Bank boosted its holdings in shares of Saia by 291.7% in the 4th quarter. Huntington National Bank now owns 94 shares of the transportation company’s stock worth $43,000 after purchasing an additional 70 shares during the period. Finally, Tortoise Investment Management LLC boosted its holdings in shares of Saia by 76.6% in the 4th quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company’s stock worth $51,000 after purchasing an additional 49 shares during the period.

Saia Trading Down 3.5 %

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

Saia (NASDAQ:SAIA) last announced its earnings results 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 business had revenue of $787.58 million for the quarter, compared to analyst estimates of $806.18 million. During the same period in the prior year, the company earned $3.38 earnings per share. The company’s quarterly revenue was up 4.3% on a year-over-year basis. As a group, equities research analysts anticipate 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 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 sale, the executive vice president now owns 8,629 shares in the company, valued at approximately $4,260,482.46. The trade was a 8.47 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Kelly W. Benton sold 460 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total value of $230,000.00. Following the sale, the chief accounting officer now directly owns 4,287 shares in the company, valued at approximately $2,143,500. This trade represents a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,493 shares of company stock worth $4,646,181. 0.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on SAIA. Wells Fargo & Company dropped their target price on Saia from $400.00 to $260.00 and set an “equal weight” rating for the company in a report on Monday. Evercore ISI dropped their price objective on Saia from $415.00 to $298.00 and set an “outperform” rating for the company in a report on Monday. Barclays dropped their price objective on Saia from $475.00 to $290.00 and set an “overweight” rating for the company in a report on Monday. Morgan Stanley set a $250.00 price objective on Saia in a report on Friday. Finally, Stifel Nicolaus set a $277.00 price objective on Saia in a report on Monday. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $376.37.

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.