Wellington Management Group LLP Decreases Position in Saia, Inc. (NASDAQ:SAIA)

Wellington Management Group LLP reduced its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 10.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 172,970 shares of the transportation company's stock after selling 21,216 shares during the quarter. Wellington Management Group LLP owned 0.65% of Saia worth $75,633,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in Saia by 161.5% in the second quarter. Blue Trust Inc. now owns 68 shares of the transportation company's stock valued at $32,000 after acquiring an additional 42 shares in the last quarter. Paladin Wealth LLC acquired a new position in Saia during the 3rd quarter valued at about $40,000. Quarry LP acquired a new position in shares of Saia during the second quarter valued at about $41,000. International Assets Investment Management LLC acquired a new stake in Saia in the 2nd quarter worth approximately $42,000. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Saia by 754.5% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 94 shares of the transportation company's stock worth $45,000 after buying an additional 83 shares during the last quarter.

Insider Activity at Saia

In other Saia news, EVP Rohit Lal sold 1,120 shares of the company's stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $560.00, for a total transaction of $627,200.00. Following the sale, the executive vice president now owns 8,270 shares in the company, valued at $4,631,200. This represents a 11.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.30% of the company's stock.

Saia Trading Down 0.3 %

Shares of NASDAQ:SAIA traded down $1.50 during midday trading on Wednesday, reaching $521.47. 368,852 shares of the company's stock were exchanged, compared to its average volume of 384,827. The stock has a market cap of $13.87 billion, a price-to-earnings ratio of 37.36, a P/E/G ratio of 2.89 and a beta of 1.74. Saia, Inc. has a fifty-two week low of $358.90 and a fifty-two week high of $628.34. The firm's 50 day simple moving average is $497.22 and its two-hundred day simple moving average is $452.89. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.26 and a quick ratio of 1.26.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings data on Friday, October 25th. The transportation company reported $3.46 EPS for the quarter, missing the consensus estimate of $3.53 by ($0.07). Saia had a return on equity of 18.00% and a net margin of 11.83%. The company had revenue of $842.10 million during the quarter, compared to analyst estimates of $839.82 million. During the same quarter in the prior year, the company posted $3.67 earnings per share. The business's revenue was up 8.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Saia, Inc. will post 13.53 EPS for the current fiscal year.

Wall Street Analyst Weigh In

SAIA has been the subject of a number of research analyst reports. Evercore ISI lowered their price target on Saia from $503.00 to $488.00 and set an "outperform" rating for the company in a research report on Thursday, October 3rd. Wells Fargo & Company upped their target price on Saia from $400.00 to $410.00 and gave the company an "equal weight" rating in a research report on Thursday, September 5th. Stifel Nicolaus downgraded shares of Saia from a "buy" rating to a "hold" rating and cut their price target for the stock from $440.00 to $437.00 in a report on Monday, October 21st. BMO Capital Markets increased their price objective on shares of Saia from $465.00 to $495.00 and gave the stock a "market perform" rating in a research note on Monday, October 28th. Finally, Jefferies Financial Group increased their price target on Saia from $480.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $510.59.

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.