Saia, Inc. (NASDAQ:SAIA) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 3.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 221,165 shares of the transportation company's stock after buying an additional 6,342 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.83% of Saia worth $96,707,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. American Century Companies Inc. lifted its stake in shares of Saia by 347.3% in the second quarter. American Century Companies Inc. now owns 159,853 shares of the transportation company's stock worth $75,817,000 after acquiring an additional 124,117 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Saia by 64.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company's stock valued at $109,589,000 after purchasing an additional 98,383 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Saia by 43,625.8% in the 3rd quarter. International Assets Investment Management LLC now owns 38,916 shares of the transportation company's stock valued at $17,016,000 after purchasing an additional 38,827 shares in the last quarter. Clearbridge Investments LLC boosted its stake in shares of Saia by 67.2% during the 2nd quarter. Clearbridge Investments LLC now owns 79,283 shares of the transportation company's stock valued at $37,603,000 after buying an additional 31,876 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in shares of Saia by 15.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 235,401 shares of the transportation company's stock worth $111,648,000 after buying an additional 31,397 shares in the last quarter.

Saia Price Performance

Shares of NASDAQ:SAIA opened at $565.96 on Wednesday. The firm's 50 day moving average is $474.70 and its two-hundred day moving average is $441.53. The firm has a market capitalization of $15.05 billion, a P/E ratio of 40.43, a PEG ratio of 3.07 and a beta of 1.73. The company has a current ratio of 1.26, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 52 week low of $358.90 and a 52 week high of $628.34.

Saia (NASDAQ:SAIA - Get Free Report) last posted its earnings results on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing the consensus estimate of $3.53 by ($0.07). Saia had a net margin of 11.83% and a return on equity of 18.00%. The business had revenue of $842.10 million during the quarter, compared to analyst estimates of $839.82 million. During the same quarter in the prior year, the business earned $3.67 earnings per share. The firm's revenue was up 8.6% compared to the same quarter last year. Analysts anticipate that Saia, Inc. will post 13.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. TD Cowen increased their price objective on shares of Saia from $416.00 to $418.00 and gave the company a "hold" rating in a research note on Thursday, September 5th. Wolfe Research upgraded Saia from a "peer perform" rating to an "outperform" rating and set a $511.00 price target for the company in a research note on Wednesday, October 9th. JPMorgan Chase & Co. upped their price objective on Saia from $479.00 to $481.00 and gave the company an "overweight" rating in a research note on Friday, September 6th. Wells Fargo & Company lifted their target price on Saia from $400.00 to $410.00 and gave the stock an "equal weight" rating in a research report on Thursday, September 5th. Finally, Stephens upped their price target on Saia from $481.00 to $515.00 and gave the company an "overweight" rating in a research report on Tuesday, October 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, Saia currently has an average rating of "Moderate Buy" and an average target price of $506.00.

Insider Activity at Saia

In related news, EVP Rohit Lal sold 1,120 shares of the firm's stock in a transaction that occurred on Thursday, November 21st. The shares were sold at an average price of $560.00, for a total transaction of $627,200.00. Following the transaction, the executive vice president now owns 8,270 shares in the company, valued at $4,631,200. This trade represents a 11.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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.