Wellington Management Group LLP Sells 98,134 Shares of Saia, Inc. (NASDAQ:SAIA)

Wellington Management Group LLP cut its holdings in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 56.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,836 shares of the transportation company's stock after selling 98,134 shares during the quarter. Wellington Management Group LLP owned approximately 0.28% of Saia worth $34,105,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SAIA. Kestra Investment Management LLC bought a new stake in Saia during the fourth quarter worth $25,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in Saia by 172.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 60 shares of the transportation company's stock worth $28,000 after acquiring an additional 38 shares in the last quarter. Atala Financial Inc bought a new stake in Saia during the fourth quarter worth $36,000. Huntington National Bank raised its holdings in shares of Saia by 291.7% in the 4th quarter. Huntington National Bank now owns 94 shares of the transportation company's stock valued at $43,000 after purchasing an additional 70 shares during the period. Finally, Tortoise Investment Management LLC raised its holdings in shares of Saia by 76.6% in the 4th quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company's stock valued at $51,000 after purchasing an additional 49 shares during the period.

Saia Price Performance

SAIA stock traded up $3.76 during mid-day trading on Tuesday, hitting $267.99. The stock had a trading volume of 714,134 shares, compared to its average volume of 498,565. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 52 week low of $229.12 and a 52 week high of $624.55. The firm has a market capitalization of $7.14 billion, a P/E ratio of 19.84, a P/E/G ratio of 2.24 and a beta of 2.03. The firm has a fifty day simple moving average of $300.62 and a 200 day simple moving average of $409.26.

Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings data on Friday, April 25th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.77 by ($0.91). Saia had a net margin of 11.28% and a return on equity of 16.63%. The firm had revenue of $787.58 million during the quarter, compared to the consensus estimate of $806.18 million. During the same period last year, the business earned $3.38 earnings per share. The business's revenue was up 4.3% compared to the same quarter last year. As a group, research analysts forecast that Saia, Inc. will post 15.46 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SAIA. Deutsche Bank Aktiengesellschaft cut shares of Saia from a "buy" rating to a "hold" rating and set a $273.00 target price on the stock. in a report on Thursday, May 1st. Morgan Stanley set a $250.00 price objective on Saia in a research note on Friday, April 25th. Wall Street Zen upgraded Saia to a "sell" rating in a research note on Tuesday, May 13th. Wolfe Research cut Saia from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, April 29th. Finally, Evercore ISI lowered their price target on shares of Saia from $415.00 to $298.00 and set an "outperform" rating on the stock in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $340.16.

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.