Vanguard Group Inc. Buys 25,090 Shares of Saia, Inc. (NASDAQ:SAIA)

Vanguard Group Inc. raised its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,522,938 shares of the transportation company's stock after buying an additional 25,090 shares during the quarter. Vanguard Group Inc. owned about 9.49% of Saia worth $1,149,779,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. State Street Corp increased its holdings in Saia by 3.1% in the 3rd quarter. State Street Corp now owns 805,597 shares of the transportation company's stock worth $352,255,000 after acquiring an additional 24,351 shares during the last quarter. Wasatch Advisors LP boosted its position in Saia by 10.2% during the third quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company's stock worth $302,761,000 after purchasing an additional 64,351 shares during the period. Geode Capital Management LLC increased its stake in shares of Saia by 1.4% in the third quarter. Geode Capital Management LLC now owns 471,667 shares of the transportation company's stock worth $206,292,000 after purchasing an additional 6,456 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Saia by 4.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 261,803 shares of the transportation company's stock valued at $116,670,000 after purchasing an additional 11,177 shares during the period. Finally, Artemis Investment Management LLP lifted its stake in shares of Saia by 72.9% during the 4th quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company's stock valued at $113,833,000 after buying an additional 105,356 shares in the last quarter.

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Insider Buying and Selling at Saia

In other news, CAO Kelly W. Benton sold 460 shares of the firm'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 value of $230,000.00. Following the completion of the transaction, the chief accounting officer now owns 4,287 shares in the company, valued at $2,143,500. This trade represents a 9.69 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value of $3,671,619.56. Following the sale, the chief executive officer now owns 17,645 shares in the company, valued at $8,599,114.30. This represents a 29.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,493 shares of company stock valued at $4,646,181 in the last quarter. Company insiders own 0.30% of the company's stock.

Analyst Ratings Changes

Several research firms have issued reports on SAIA. Wells Fargo & Company dropped their target price on Saia from $510.00 to $400.00 and set an "equal weight" rating on the stock in a research report on Thursday, March 27th. Barclays dropped their price objective on Saia from $600.00 to $535.00 and set an "overweight" rating on the stock in a report on Monday, March 10th. Cowen reaffirmed a "hold" rating on shares of Saia in a report on Tuesday, February 4th. TD Cowen upped their price target on Saia from $456.00 to $478.00 and gave the company a "hold" rating in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Saia from $566.00 to $558.00 and set an "overweight" rating for the company in a research report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $513.06.

Saia Price Performance

SAIA stock traded up $5.34 during mid-day trading on Tuesday, hitting $354.77. 854,935 shares of the stock were exchanged, compared to its average volume of 431,175. The business has a fifty day moving average price of $425.94 and a 200 day moving average price of $464.01. Saia, Inc. has a 12 month low of $342.68 and a 12 month high of $624.55. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. The stock has a market capitalization of $9.45 billion, a price-to-earnings ratio of 26.26, a PEG ratio of 2.24 and a beta of 1.89.

Saia (NASDAQ:SAIA - Get Free Report) last released its 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). Saia had a return on equity of 16.63% and a net margin of 11.28%. The firm had revenue of $789.00 million during the quarter, compared to the consensus estimate of $794.69 million. During the same quarter in the previous year, the firm earned $3.33 EPS. The business's quarterly revenue was up 5.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Saia, Inc. will post 15.46 EPS for the current year.

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.