Dimensional Fund Advisors LP Trims Stake in Saia, Inc. (NASDAQ:SAIA)

Dimensional Fund Advisors LP reduced its position in shares of Saia, Inc. (NASDAQ:SAIA – Get Rating) by 4.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 718,893 shares of the transportation company’s stock after selling 31,408 shares during the period. Dimensional Fund Advisors LP’s holdings in Saia were worth $242,282,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Saia during the 4th quarter worth $186,244,000. Alliancebernstein L.P. lifted its holdings in shares of Saia by 23.5% during the 3rd quarter. Alliancebernstein L.P. now owns 827,086 shares of the transportation company’s stock worth $196,871,000 after acquiring an additional 157,135 shares during the last quarter. Artemis Investment Management LLP lifted its holdings in shares of Saia by 19.3% during the 4th quarter. Artemis Investment Management LLP now owns 672,549 shares of the transportation company’s stock worth $226,435,000 after acquiring an additional 108,925 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Saia by 1,104.7% during the 3rd quarter. Renaissance Technologies LLC now owns 107,198 shares of the transportation company’s stock worth $25,516,000 after acquiring an additional 98,300 shares during the last quarter. Finally, Morgan Stanley lifted its stake in Saia by 102.8% in the second quarter. Morgan Stanley now owns 141,125 shares of the transportation company’s stock worth $29,563,000 after purchasing an additional 71,539 shares during the last quarter.

Several research firms have weighed in on SAIA. Bank of America downgraded shares of Saia from a “buy” rating to a “neutral” rating and set a $222.00 price target for the company. in a research note on Friday, April 8th. Zacks Investment Research cut shares of Saia from a “buy” rating to a “hold” rating in a research report on Wednesday, April 20th. Morgan Stanley boosted their price target on shares of Saia from $200.00 to $204.00 and gave the company an “underweight” rating in a research report on Monday, April 4th. Susquehanna Bancshares cut their price objective on shares of Saia from $400.00 to $380.00 in a report on Thursday, February 3rd. Finally, Wolfe Research cut their price objective on shares of Saia from $347.00 to $278.00 and set an “outperform” rating on the stock in a report on Tuesday, April 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Saia presently has a consensus rating of “Buy” and a consensus price target of $316.46.

In other news, CEO Frederick J. Holzgrefe III sold 3,924 shares of the company’s stock in a transaction on Tuesday, February 8th. The shares were sold at an average price of $284.13, for a total transaction of $1,114,926.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Richard D. Odell sold 15,000 shares of the company’s stock in a transaction dated Wednesday, February 9th. The shares were sold at an average price of $289.79, for a total transaction of $4,346,850.00. The disclosure for this sale can be found here. Insiders have sold a total of 19,524 shares of company stock worth $5,623,116 in the last three months. Insiders own 0.50% of the company’s stock.

Saia stock opened at $225.89 on Thursday. The firm has a 50-day moving average price of $242.05 and a 200-day moving average price of $283.62. The firm has a market capitalization of $5.97 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 0.81 and a beta of 1.37. The company has a current ratio of 1.51, a quick ratio of 1.30 and a debt-to-equity ratio of 0.02. Saia, Inc. has a 12-month low of $187.02 and a 12-month high of $365.50.

Saia (NASDAQ:SAIA – Get Rating) last released its earnings results on Monday, May 2nd. The transportation company reported $2.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.72 by $0.26. Saia had a net margin of 11.98% and a return on equity of 24.76%. The firm had revenue of $661.20 million during the quarter, compared to analyst estimates of $633.80 million. During the same quarter last year, the business earned $1.40 EPS. The business’s revenue was up 36.6% on a year-over-year basis. As a group, sell-side analysts predict that Saia, Inc. will post 12.57 earnings per share for the current fiscal year.

About Saia (Get Rating)

Saia, Inc, through its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 400 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. As of December 31, 2021, it operated 176 owned and leased facilities; and owned approximately 5,600 tractors and 19,300 trailers.

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