Saia, Inc. (NASDAQ:SAIA) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA trimmed its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 26.2% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 170,424 shares of the transportation company's stock after selling 60,480 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.64% of Saia worth $59,551,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of Saia by 172.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock valued at $28,000 after acquiring an additional 38 shares in the last quarter. Golden State Wealth Management LLC raised its stake in shares of Saia by 127.0% in the first quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company's stock valued at $29,000 after acquiring an additional 47 shares in the last quarter. Huntington National Bank raised its stake in shares of Saia by 291.7% in the fourth quarter. Huntington National Bank now owns 94 shares of the transportation company's stock valued at $43,000 after acquiring an additional 70 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of Saia in the first quarter valued at $43,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of Saia in the fourth quarter valued at $64,000.

Analyst Ratings Changes

Several brokerages have recently issued reports on SAIA. Bank of America increased their price objective on Saia from $251.00 to $300.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. UBS Group dropped their target price on Saia from $422.00 to $305.00 and set a "buy" rating on the stock in a report on Monday, April 28th. Raymond James Financial set a $310.00 target price on Saia and gave the company an "outperform" rating in a report on Monday, April 28th. Stifel Nicolaus set a $277.00 target price on Saia in a report on Monday, April 28th. Finally, Morgan Stanley set a $250.00 target price on Saia in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $338.26.

Saia Stock Performance

Shares of SAIA stock traded down $3.55 during mid-day trading on Friday, hitting $288.10. 661,657 shares of the stock were exchanged, compared to its average volume of 533,153. The stock's fifty day simple moving average is $275.68 and its two-hundred day simple moving average is $353.85. The stock has a market capitalization of $7.67 billion, a price-to-earnings ratio of 24.03, a P/E/G ratio of 9.86 and a beta of 1.98. Saia, Inc. has a 12-month low of $229.12 and a 12-month high of $624.55. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.43 and a current ratio of 1.43.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.77 by ($0.91). Saia had a return on equity of 14.21% and a net margin of 9.91%. The firm had revenue of $787.58 million for the quarter, compared to analysts' expectations of $806.18 million. During the same period in the previous year, the business posted $3.38 EPS. The business's revenue for the quarter was up 4.3% compared to the same quarter last year. On average, analysts forecast that Saia, Inc. will post 15.46 EPS for the current year.

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.