Charles Schwab Investment Management Inc. Acquires 4,972 Shares of Saia, Inc. (NASDAQ:SAIA)

Charles Schwab Investment Management Inc. lifted its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 226,137 shares of the transportation company's stock after acquiring an additional 4,972 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.85% of Saia worth $103,057,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. State Street Corp grew its holdings in shares of Saia by 3.1% during the 3rd quarter. State Street Corp now owns 805,597 shares of the transportation company's stock worth $352,255,000 after purchasing an additional 24,351 shares in the last quarter. Wasatch Advisors LP lifted its position in Saia by 10.2% in 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 boosted its stake in Saia by 1.4% during the third quarter. Geode Capital Management LLC now owns 471,667 shares of the transportation company's stock worth $206,292,000 after buying an additional 6,456 shares in the last quarter. Westfield Capital Management Co. LP increased its holdings in Saia by 11.8% in the 3rd quarter. Westfield Capital Management Co. LP now owns 303,582 shares of the transportation company's stock valued at $132,744,000 after buying an additional 31,991 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Saia by 4.5% in 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 buying an additional 11,177 shares in the last quarter.

Insider Buying and Selling

In related news, CEO Frederick J. Holzgrefe III sold 7,534 shares of Saia stock in a transaction on Monday, February 10th. The stock was sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the completion of the sale, the chief executive officer now directly owns 17,645 shares of the company's stock, valued at $8,599,114.30. The trade was a 29.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Patrick D. Sugar sold 799 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $493.74, for a total value of $394,498.26. Following the transaction, the executive vice president now owns 8,629 shares of the company's stock, valued at $4,260,482.46. The trade was a 8.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,493 shares of company stock valued at $4,646,181 over the last ninety days. Insiders own 0.30% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on SAIA shares. Barclays decreased their target price on shares of Saia from $600.00 to $535.00 and set an "overweight" rating on the stock in a research report on Monday. Deutsche Bank Aktiengesellschaft started coverage on Saia in a research note on Friday, March 7th. They issued a "buy" rating and a $570.00 price objective on the stock. Susquehanna raised their target price on Saia from $530.00 to $540.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Citigroup dropped their price objective on Saia from $544.00 to $498.00 and set a "buy" rating for the company in a research note on Tuesday, March 4th. Finally, Bank of America cut their price objective on Saia from $565.00 to $484.00 and set a "buy" rating for the company in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company's stock. Based on data from MarketBeat, Saia has an average rating of "Moderate Buy" and an average price target of $526.39.

Saia Trading Down 4.8 %

Shares of NASDAQ SAIA traded down $17.81 during midday trading on Thursday, hitting $352.38. The stock had a trading volume of 343,211 shares, compared to its average volume of 408,893. The firm has a market cap of $9.38 billion, a P/E ratio of 26.08, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89. Saia, Inc. has a fifty-two week low of $347.29 and a fifty-two week 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 company's 50-day simple moving average is $456.37 and its 200 day simple moving average is $467.11.

Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 EPS 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 analyst estimates of $794.69 million. During the same quarter in the previous year, the business earned $3.33 earnings per share. Saia's revenue for the quarter was up 5.0% compared to the same quarter last year. Research 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.