Saia, Inc. (NASDAQ:SAIA) Stock Position Lowered by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD decreased its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 15.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,542,868 shares of the transportation company's stock after selling 478,569 shares during the quarter. Price T Rowe Associates Inc. MD owned 9.56% of Saia worth $1,158,862,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in SAIA. Tidal Investments LLC boosted its stake in shares of Saia by 20.2% during the 3rd quarter. Tidal Investments LLC now owns 4,282 shares of the transportation company's stock valued at $1,872,000 after buying an additional 719 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Saia by 6.0% during the 3rd quarter. Franklin Resources Inc. now owns 68,474 shares of the transportation company's stock valued at $31,633,000 after buying an additional 3,886 shares during the last quarter. Oddo BHF Asset Management Sas purchased a new position in shares of Saia during the 3rd quarter valued at approximately $1,408,000. GAMMA Investing LLC boosted its stake in shares of Saia by 148.0% during the 4th quarter. GAMMA Investing LLC now owns 367 shares of the transportation company's stock valued at $167,000 after buying an additional 219 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new position in shares of Saia during the 4th quarter valued at approximately $301,000.

Saia Price Performance

SAIA stock traded down $1.62 on Tuesday, hitting $235.49. 638,876 shares of the company's stock traded hands, compared to its average volume of 472,830. Saia, Inc. has a 1-year low of $228.98 and a 1-year high of $624.55. The stock has a market cap of $6.27 billion, a price-to-earnings ratio of 17.43, a P/E/G ratio of 2.24 and a beta of 1.99. The stock has a fifty day moving average of $358.20 and a 200-day moving average of $447.63. 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 - Get Free Report) last released its earnings results on Friday, April 25th. The transportation company reported $1.86 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 firm's revenue for the quarter was up 4.3% on a year-over-year basis. On average, analysts forecast that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Barclays cut Saia from an "overweight" rating to an "equal weight" rating in a research note on Tuesday. Stifel Nicolaus set a $277.00 price objective on Saia in a research note on Monday. Bank of America cut Saia from a "buy" rating to a "neutral" rating and set a $251.00 price objective on the stock. in a research note on Monday. Deutsche Bank Aktiengesellschaft assumed coverage on Saia in a research note on Friday, March 7th. They set a "buy" rating and a $570.00 price objective on the stock. Finally, Susquehanna reduced their price objective on Saia from $540.00 to $410.00 and set a "neutral" rating on the stock in a research note on Monday, March 31st. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $358.21.

Insider Activity at Saia

In related news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the company'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 value of $3,671,619.56. Following the completion of the sale, the chief executive officer now owns 17,645 shares in the company, valued at approximately $8,599,114.30. This represents a 29.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Kelly W. Benton sold 460 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total transaction of $230,000.00. Following the completion of the sale, the chief accounting officer now owns 4,287 shares of the company's stock, valued at approximately $2,143,500. This trade represents a 9.69 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,493 shares of company stock valued at $4,646,181 over the last ninety days. Insiders own 0.30% of the company's stock.

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.