Capital International Investors Reduces Holdings in Saia, Inc. (NASDAQ:SAIA)

Capital International Investors trimmed its holdings in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 23.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,587,130 shares of the transportation company's stock after selling 483,593 shares during the quarter. Capital International Investors owned approximately 5.97% of Saia worth $723,363,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SAIA. Oddo BHF Asset Management Sas bought a new position in shares of Saia during the 3rd quarter worth approximately $1,408,000. Highview Capital Management LLC DE purchased a new stake in shares of Saia during the fourth quarter worth about $1,324,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Saia in the 4th quarter valued at approximately $3,363,000. Charles Schwab Investment Management Inc. raised its holdings in shares of Saia by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 226,137 shares of the transportation company's stock worth $103,057,000 after buying an additional 4,972 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Saia by 13.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,804 shares of the transportation company's stock worth $3,101,000 after acquiring an additional 788 shares during the period.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on SAIA shares. Jefferies Financial Group reduced their price objective on Saia from $560.00 to $455.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. JPMorgan Chase & Co. reduced their price target on shares of Saia from $566.00 to $558.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. Stephens reaffirmed an "overweight" rating and issued a $600.00 price target on shares of Saia in a research note on Thursday, February 6th. Cowen reiterated a "hold" rating on shares of Saia in a research report on Tuesday, February 4th. Finally, Raymond James cut their price objective on shares of Saia from $540.00 to $455.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Saia presently has a consensus rating of "Moderate Buy" and an average target price of $484.39.

Insiders Place Their Bets

In other news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the firm's stock in a transaction that occurred 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 in the company, valued at approximately $8,599,114.30. This trade represents a 29.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Matthew J. Batteh sold 700 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total value of $350,063.00. Following the sale, the chief financial officer now directly owns 3,326 shares of the company's stock, valued at approximately $1,663,299.34. This represents a 17.39 % 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 in the last 90 days. Corporate insiders own 0.30% of the company's stock.

Saia Trading Up 2.4 %

Shares of SAIA traded up $8.30 during trading on Thursday, reaching $349.78. 152,410 shares of the company traded hands, compared to its average volume of 457,443. Saia, Inc. has a twelve month low of $287.50 and a twelve month high of $624.55. The stock has a 50-day simple moving average of $370.84 and a 200-day simple moving average of $450.95. The stock has a market cap of $9.31 billion, a PE ratio of 25.82, a price-to-earnings-growth ratio of 2.24 and a beta of 1.99. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing the consensus estimate of $2.87 by ($0.03). The business had revenue of $789.00 million during the quarter, compared to analyst estimates of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The business's revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $3.33 EPS. On average, analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current year.

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.