FIL Ltd Sells 79,863 Shares of Saia, Inc. (NASDAQ:SAIA)

FIL Ltd cut its holdings in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 10.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 663,294 shares of the transportation company's stock after selling 79,863 shares during the quarter. FIL Ltd owned approximately 2.49% of Saia worth $302,283,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Oddo BHF Asset Management Sas acquired a new position in Saia during the third quarter valued at approximately $1,408,000. Highview Capital Management LLC DE bought a new position in shares of Saia in the fourth quarter valued at $1,324,000. Y Intercept Hong Kong Ltd acquired a new position in Saia during the fourth quarter worth $3,363,000. Charles Schwab Investment Management Inc. lifted its stake in Saia by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 226,137 shares of the transportation company's stock valued at $103,057,000 after acquiring an additional 4,972 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of 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 purchasing an additional 788 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research firms recently commented on SAIA. Raymond James reduced their price target on Saia from $540.00 to $455.00 and set an "outperform" rating for the company in a report on Tuesday, April 8th. Barclays decreased 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. TD Cowen upped their price target on shares of Saia from $456.00 to $478.00 and gave the company a "hold" rating in a research note on Tuesday, February 4th. Bank of America reduced their price objective on Saia from $565.00 to $484.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. Finally, BMO Capital Markets upgraded Saia from a "market perform" rating to an "outperform" rating and set a $455.00 target price on the stock in a research note on Monday, April 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $486.83.

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Saia Price Performance

Shares of SAIA stock traded down $21.08 on Friday, hitting $330.37. 850,394 shares of the company's stock were exchanged, compared to its average volume of 453,982. The company has a 50 day moving average of $396.39 and a 200 day moving average of $456.78. The stock has a market cap of $8.80 billion, a P/E ratio of 24.45, a price-to-earnings-growth ratio of 2.24 and a beta of 1.99. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. Saia, Inc. has a 12 month low of $287.50 and a 12 month high of $624.55.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings results 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). The company had revenue of $789.00 million during the quarter, compared to analyst estimates of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. The company's revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $3.33 earnings per share. On average, equities research analysts predict that Saia, Inc. will post 15.46 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Frederick J. Holzgrefe III sold 7,534 shares of Saia 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 sale, the chief executive officer now directly owns 17,645 shares in the company, valued at $8,599,114.30. This trade represents a 29.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Kelly W. Benton sold 460 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total transaction of $230,000.00. Following the sale, the chief accounting officer now directly owns 4,287 shares in the company, valued at $2,143,500. The trade was a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,493 shares of company stock valued at $4,646,181. 0.30% of the stock is currently owned by insiders.

Saia Company 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.