Dimensional Fund Advisors LP Has $92.34 Million Stock Position in Saia, Inc. (NASDAQ:SAIA)

Dimensional Fund Advisors LP lessened its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,602 shares of the transportation company's stock after selling 3,942 shares during the period. Dimensional Fund Advisors LP owned 0.76% of Saia worth $92,340,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Tidal Investments LLC boosted its position in shares of Saia by 20.2% in the 3rd quarter. Tidal Investments LLC now owns 4,282 shares of the transportation company's stock valued at $1,872,000 after purchasing an additional 719 shares during the period. Franklin Resources Inc. grew its position in shares of Saia by 6.0% during the third quarter. Franklin Resources Inc. now owns 68,474 shares of the transportation company's stock worth $31,633,000 after acquiring an additional 3,886 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of Saia in the 3rd quarter valued at $1,408,000. GAMMA Investing LLC raised its position in Saia by 148.0% in the 4th quarter. GAMMA Investing LLC now owns 367 shares of the transportation company's stock valued at $167,000 after purchasing an additional 219 shares during the last quarter. Finally, Everence Capital Management Inc. acquired a new stake in Saia during the 4th quarter worth $301,000.

Insider Buying and Selling

In other Saia news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the firm's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the transaction, the chief executive officer now 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Kelly W. Benton sold 460 shares of the business'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 sale, the chief accounting officer now directly owns 4,287 shares in the company, valued at approximately $2,143,500. The trade was a 9.69 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,493 shares of company stock valued at $4,646,181. Insiders own 0.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Stephens cut shares of Saia from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $515.00 to $255.00 in a report on Tuesday. TD Cowen upped their price objective on Saia from $456.00 to $478.00 and gave the company a "hold" rating in a research note on Tuesday, February 4th. Evercore ISI decreased their price objective on Saia from $415.00 to $298.00 and set an "outperform" rating for the company in a research report on Monday. Deutsche Bank Aktiengesellschaft cut Saia from a "buy" rating to a "hold" rating and set a $273.00 price target for the company. in a research note on Thursday. Finally, Barclays downgraded Saia from an "overweight" rating to an "equal weight" rating in a report on Tuesday. Twelve investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, Saia presently has a consensus rating of "Hold" and a consensus target price of $342.58.

Saia Trading Up 9.2 %

Shares of SAIA stock traded up $22.17 on Friday, reaching $262.33. 1,588,027 shares of the stock were exchanged, compared to its average volume of 487,848. The firm has a 50 day moving average of $347.00 and a two-hundred day moving average of $443.24. The stock has a market cap of $6.99 billion, a P/E ratio of 19.42, a price-to-earnings-growth ratio of 2.24 and a beta of 1.99. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 1-year low of $229.12 and a 1-year high of $624.55.

Saia (NASDAQ:SAIA - Get Free Report) last posted its earnings results on Friday, April 25th. The transportation company reported $1.86 EPS for the quarter, missing analysts' consensus estimates of $2.77 by ($0.91). The firm had revenue of $787.58 million for the quarter, compared to analyst estimates of $806.18 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The company's revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $3.38 earnings per share. On average, 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.