Saia, Inc. (NASDAQ:SAIA) Shares Sold by T. Rowe Price Investment Management Inc.

T. Rowe Price Investment Management Inc. lessened its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 34.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 278,502 shares of the transportation company's stock after selling 148,415 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 1.05% of Saia worth $126,922,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Kestra Investment Management LLC purchased a new stake in Saia in the 4th quarter worth approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. grew 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 valued at $28,000 after buying an additional 38 shares during the period. Atala Financial Inc acquired a new position in shares of Saia in the fourth quarter worth about $36,000. Huntington National Bank boosted its stake in shares of Saia by 291.7% during the 4th quarter. Huntington National Bank now owns 94 shares of the transportation company's stock worth $43,000 after acquiring an additional 70 shares in the last quarter. Finally, Tortoise Investment Management LLC raised its stake in shares of Saia by 76.6% during the 4th quarter. Tortoise Investment Management LLC now owns 113 shares of the transportation company's stock worth $51,000 after buying an additional 49 shares during the period.

Insider Activity at Saia

In related news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $487.34, for a total value of $3,671,619.56. Following the transaction, the chief executive officer now owns 17,645 shares in the company, valued at $8,599,114.30. The trade was a 29.92 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Patrick D. Sugar sold 799 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $493.74, for a total value of $394,498.26. Following the sale, the executive vice president now directly 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 worth $4,646,181 in the last 90 days. 0.30% of the stock is owned by insiders.

Saia Stock Performance

Shares of SAIA traded up $1.96 during midday trading on Wednesday, reaching $238.61. 625,640 shares of the stock were exchanged, compared to its average volume of 476,612. Saia, Inc. has a twelve month low of $229.05 and a twelve month 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 has a market capitalization of $6.35 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 2.24 and a beta of 1.99. The business's 50-day moving average price is $353.86 and its 200 day moving average price is $446.16.

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 for the quarter, missing analysts' consensus estimates of $2.77 by ($0.91). The firm had revenue of $787.58 million during the quarter, compared to analysts' expectations of $806.18 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. Saia's quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.38 EPS. On average, sell-side analysts expect that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on SAIA. Evercore ISI cut their target price on shares of Saia from $415.00 to $298.00 and set an "outperform" rating for the company in a research note on Monday. Morgan Stanley set a $250.00 price target on Saia in a research note on Friday. Jefferies Financial Group decreased their price objective on Saia from $560.00 to $455.00 and set a "buy" rating on the stock in a report on Wednesday, April 9th. 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 research report on Tuesday. Finally, Raymond James set a $310.00 target price on shares of Saia and gave the stock an "outperform" rating in a research note on Monday. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to MarketBeat, Saia currently has a consensus rating of "Hold" and a consensus target price of $358.21.

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.