Saia, Inc. (NASDAQ:SAIA) Stock Holdings Trimmed by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. lowered its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 34.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 278,502 shares of the transportation company's stock after selling 148,415 shares during the period. T. Rowe Price Investment Management Inc. owned 1.05% of Saia worth $126,922,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Oddo BHF Asset Management Sas acquired a new position in Saia in the 3rd quarter valued at about $1,408,000. Highview Capital Management LLC DE acquired a new stake in shares of Saia during the fourth quarter worth $1,324,000. Y Intercept Hong Kong Ltd purchased a new position in Saia in the 4th quarter valued at $3,363,000. Charles Schwab Investment Management Inc. increased its stake in Saia by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 226,137 shares of the transportation company's stock valued at $103,057,000 after buying an additional 4,972 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in 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 buying an additional 788 shares during the last quarter.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on SAIA shares. JPMorgan Chase & Co. dropped their target price on Saia from $436.00 to $299.00 and set an "overweight" rating on the stock in a research report on Monday. Morgan Stanley raised Saia from an "underweight" rating to an "equal weight" rating in a research note on Friday. Citigroup lowered their target price on shares of Saia from $498.00 to $435.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Stephens reissued an "overweight" rating and issued a $600.00 price target on shares of Saia in a research note on Thursday, February 6th. Finally, The Goldman Sachs Group dropped their price objective on shares of Saia from $485.00 to $387.00 and set a "neutral" rating for the company in a research note on Monday. One research analyst has rated the stock with a sell rating, eight have given a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $402.72.

Saia Stock Down 3.5 %

Shares of SAIA stock traded down $8.52 during trading hours on Monday, reaching $237.11. The company had a trading volume of 1,852,852 shares, compared to its average volume of 472,046. The company has a market capitalization of $6.31 billion, a P/E ratio of 17.55, 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 quick ratio of 1.26 and a current ratio of 1.57. Saia, Inc. has a twelve month low of $229.21 and a twelve month high of $624.55. The stock's fifty day simple moving average is $358.20 and its 200 day simple moving average is $447.63.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings data on Friday, April 25th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.77 by ($0.91). The firm had revenue of $787.58 million for the quarter, compared to analysts' expectations of $806.18 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 4.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $3.38 EPS. As a group, sell-side analysts expect that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Kelly W. Benton sold 460 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total value of $230,000.00. Following the transaction, the chief accounting officer now owns 4,287 shares in the company, valued at approximately $2,143,500. The trade was a 9.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Matthew J. Batteh sold 700 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total value of $350,063.00. Following the sale, the chief financial officer now owns 3,326 shares of the company's stock, valued at approximately $1,663,299.34. This trade represents a 17.39 % 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 in the last quarter. 0.30% of the stock is owned by corporate insiders.

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.