Capital World Investors Has $218.41 Million Holdings in Saia, Inc. (NASDAQ:SAIA)

Capital World Investors raised its position in Saia, Inc. (NASDAQ:SAIA) by 0.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 479,248 shares of the transportation company’s stock after purchasing an additional 176 shares during the period. Capital World Investors owned 1.80% of Saia worth $218,408,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of SAIA. Vanguard Group Inc. lifted its holdings in Saia by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 2,522,938 shares of the transportation company’s stock valued at $1,149,779,000 after buying an additional 25,090 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Saia by 69.3% in the 4th quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company’s stock valued at $883,941,000 after purchasing an additional 794,197 shares during the period. Allspring Global Investments Holdings LLC boosted its position in shares of Saia by 4.5% during the 4th 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 in the last quarter. Artemis Investment Management LLP grew its stake in Saia by 72.9% during the fourth quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company’s stock worth $113,833,000 after purchasing an additional 105,356 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its holdings in Saia by 9.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 230,904 shares of the transportation company’s stock worth $105,230,000 after purchasing an additional 20,372 shares in the last quarter.

Insider Buying and Selling

In related news, EVP Patrick D. Sugar sold 799 shares of Saia stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $493.74, for a total value of $394,498.26. Following the sale, the executive vice president now owns 8,629 shares of the company’s stock, valued at approximately $4,260,482.46. The trade was a 8.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 17,645 shares of the company’s stock, valued at approximately $8,599,114.30. This trade represents a 29.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,493 shares of company stock valued at $4,646,181. 0.30% of the stock is owned by insiders.

Saia Trading Up 5.0 %

NASDAQ:SAIA opened at $334.55 on Monday. Saia, Inc. has a 52 week low of $287.50 and a 52 week high of $624.55. The firm has a 50-day moving average price of $379.78 and a two-hundred day moving average price of $453.26. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. The firm has a market cap of $8.91 billion, a price-to-earnings ratio of 24.76, a price-to-earnings-growth ratio of 2.24 and a beta of 1.99.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). The business had revenue of $789.00 million for the quarter, compared to the consensus estimate of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The business’s revenue was up 5.0% compared to the same quarter last year. During the same quarter last year, the business posted $3.33 earnings per share. On average, equities analysts expect that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of Saia from $510.00 to $400.00 and set an “equal weight” rating for the company in a research report on Thursday, March 27th. BMO Capital Markets upgraded shares of Saia from a “market perform” rating to an “outperform” rating and set a $455.00 price target for the company in a report on Monday, April 7th. UBS Group dropped their price objective on shares of Saia from $557.00 to $422.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. Cowen restated a “hold” rating on shares of Saia in a research note on Tuesday, February 4th. Finally, Jefferies Financial Group dropped their price target on Saia from $560.00 to $455.00 and set a “buy” rating on the stock in a research note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $484.39.

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.