Wellington Management Group LLP Sells 98,134 Shares of Saia, Inc. (NASDAQ:SAIA)

Wellington Management Group LLP trimmed its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 56.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,836 shares of the transportation company's stock after selling 98,134 shares during the period. Wellington Management Group LLP owned 0.28% of Saia worth $34,105,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. O Shaughnessy Asset Management LLC increased its stake in Saia by 73.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 1,277 shares of the transportation company's stock worth $582,000 after buying an additional 540 shares in the last quarter. Clearbridge Investments LLC grew its position in shares of Saia by 5.3% during the fourth quarter. Clearbridge Investments LLC now owns 119,033 shares of the transportation company's stock worth $54,247,000 after purchasing an additional 6,025 shares in the last quarter. Intrust Bank NA raised its stake in Saia by 19.8% during the 4th quarter. Intrust Bank NA now owns 1,197 shares of the transportation company's stock valued at $546,000 after purchasing an additional 198 shares during the period. Brown Brothers Harriman & Co. purchased a new position in Saia in the 4th quarter worth approximately $64,000. Finally, Pictet Asset Management Holding SA lifted its holdings in Saia by 4.2% in the 4th quarter. Pictet Asset Management Holding SA now owns 3,553 shares of the transportation company's stock worth $1,619,000 after purchasing an additional 142 shares in the last quarter.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SAIA shares. Bank of America reduced their price objective on shares of Saia from $565.00 to $484.00 and set a "buy" rating on the stock in a research report on Wednesday, March 5th. Stephens reiterated an "overweight" rating and issued a $600.00 price target on shares of Saia in a research note on Thursday, February 6th. Jefferies Financial Group cut their price objective on Saia from $560.00 to $455.00 and set a "buy" rating for the company in a research report on Wednesday. Stifel Nicolaus upgraded Saia from a "hold" rating to a "buy" rating and set a $524.00 target price on the stock in a research report on Monday, February 24th. Finally, Cowen reissued a "hold" rating on shares of Saia in a research note on Tuesday, February 4th. One investment 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. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $486.83.

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Insider Activity

In related news, EVP Patrick D. Sugar sold 799 shares of Saia stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $493.74, for a total value of $394,498.26. Following the completion of the sale, the executive vice president now directly owns 8,629 shares in the company, valued at $4,260,482.46. The trade was a 8.47 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Kelly W. Benton sold 460 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was 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 directly owns 4,287 shares of the company's stock, valued at approximately $2,143,500. This trade represents a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,493 shares of company stock valued at $4,646,181. Corporate insiders own 0.30% of the company's stock.

Saia Trading Down 6.0 %

Saia stock traded down $21.08 during mid-day trading on Friday, hitting $330.37. The company's stock had a trading volume of 850,394 shares, compared to its average volume of 453,119. Saia, Inc. has a one year low of $287.50 and a one year high of $624.55. The stock has a market cap of $8.80 billion, a PE ratio of 24.45, a P/E/G ratio of 2.24 and a beta of 1.99. The company has a 50 day moving average of $396.39 and a 200-day moving average of $456.60. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57.

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 company had revenue of $789.00 million during the quarter, compared to analysts' expectations of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The company's quarterly revenue was up 5.0% on a year-over-year basis. During the same period in the prior year, the business earned $3.33 EPS. On average, research analysts anticipate that Saia, Inc. will post 15.46 EPS 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.