Saia, Inc. (NASDAQ:SAIA) Position Lowered by Capital Research Global Investors

Capital Research Global Investors reduced its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 37.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 509,876 shares of the transportation company's stock after selling 306,189 shares during the quarter. Capital Research Global Investors owned approximately 1.92% of Saia worth $232,366,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Saia by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 2,522,938 shares of the transportation company's stock worth $1,149,779,000 after buying an additional 25,090 shares in the last quarter. Alliancebernstein L.P. raised its stake in shares of Saia by 69.3% in the fourth quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company's stock valued at $883,941,000 after acquiring an additional 794,197 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Saia by 4.5% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 261,803 shares of the transportation company's stock worth $116,670,000 after purchasing an additional 11,177 shares in the last quarter. Artemis Investment Management LLP increased its holdings in Saia by 72.9% during the 4th quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company's stock worth $113,833,000 after purchasing an additional 105,356 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of Saia by 9.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 230,904 shares of the transportation company's stock valued at $105,230,000 after buying an additional 20,372 shares during the period.

Saia Price Performance

NASDAQ:SAIA traded up $10.20 during mid-day trading on Wednesday, hitting $341.48. 558,305 shares of the company's stock traded hands, compared to its average volume of 458,610. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. The company has a market cap of $9.09 billion, a PE ratio of 25.28, a price-to-earnings-growth ratio of 2.24 and a beta of 1.99. The firm's 50 day simple moving average is $370.84 and its 200 day simple moving average is $450.95. Saia, Inc. has a 1 year low of $287.50 and a 1 year high of $624.55.

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

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. TD Cowen upped their price objective on Saia from $456.00 to $478.00 and gave the stock a "hold" rating in a research report on Tuesday, February 4th. Barclays cut their price objective on shares of Saia from $535.00 to $475.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Bank of America lowered their target price on shares of Saia from $565.00 to $484.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Cowen reiterated a "hold" rating on shares of Saia in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. reduced their target price on Saia from $566.00 to $558.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $484.39.

Insider Transactions at Saia

In related news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the 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 completion of the sale, the chief executive officer now owns 17,645 shares of the company's stock, valued at approximately $8,599,114.30. This represents a 29.92 % 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 on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total transaction of $230,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 4,287 shares in the company, valued at approximately $2,143,500. This represents a 9.69 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,493 shares of company stock worth $4,646,181 over the last quarter. 0.30% of the stock is currently owned by insiders.

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.