First Trust Advisors LP Sells 20,372 Shares of Saia, Inc. (NASDAQ:SAIA)

First Trust Advisors LP decreased its holdings in shares of Saia, Inc. (NASDAQ:SAIAFree Report) by 23.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 64,706 shares of the transportation company’s stock after selling 20,372 shares during the period. First Trust Advisors LP’s holdings in Saia were worth $28,355,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SAIA. Norges Bank acquired a new position in Saia in the fourth quarter valued at about $201,117,000. Vaughan Nelson Investment Management L.P. raised its position in shares of Saia by 53.1% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 663,265 shares of the transportation company’s stock valued at $290,655,000 after acquiring an additional 230,058 shares during the period. Jennison Associates LLC boosted its stake in Saia by 65.9% during the 4th quarter. Jennison Associates LLC now owns 211,673 shares of the transportation company’s stock worth $92,759,000 after acquiring an additional 84,046 shares during the last quarter. TimesSquare Capital Management LLC grew its holdings in Saia by 129.1% during the fourth quarter. TimesSquare Capital Management LLC now owns 115,660 shares of the transportation company’s stock valued at $50,685,000 after purchasing an additional 65,185 shares during the period. Finally, Invesco Ltd. increased its stake in Saia by 9.9% in the third quarter. Invesco Ltd. now owns 705,719 shares of the transportation company’s stock valued at $281,335,000 after purchasing an additional 63,794 shares in the last quarter.

Analyst Ratings Changes

Several brokerages have recently issued reports on SAIA. Raymond James boosted their price target on shares of Saia from $565.00 to $604.00 and gave the company an “outperform” rating in a report on Monday, April 15th. Bank of America lowered their price target on Saia from $645.00 to $484.00 and set a “buy” rating for the company in a report on Monday, April 29th. The Goldman Sachs Group lifted their price objective on Saia from $504.00 to $567.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Stifel Nicolaus raised Saia from a “hold” rating to a “buy” rating and lowered their target price for the stock from $526.00 to $475.00 in a research note on Friday, May 24th. Finally, StockNews.com lowered shares of Saia from a “hold” rating to a “sell” rating in a research note on Monday, April 29th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat, Saia has a consensus rating of “Hold” and a consensus target price of $492.83.

Check Out Our Latest Stock Analysis on SAIA

Saia Price Performance

Shares of NASDAQ SAIA opened at $449.01 on Tuesday. Saia, Inc. has a fifty-two week low of $295.12 and a fifty-two week high of $628.34. The stock has a market capitalization of $11.94 billion, a price-to-earnings ratio of 32.54, a PEG ratio of 1.60 and a beta of 1.70. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.23 and a quick ratio of 1.23. The business has a 50-day moving average of $463.60 and a 200-day moving average of $483.17.

Saia (NASDAQ:SAIAGet Free Report) last posted its quarterly earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share for the quarter, missing the consensus estimate of $3.43 by ($0.05). The company had revenue of $754.80 million for the quarter, compared to analyst estimates of $772.36 million. Saia had a return on equity of 19.53% and a net margin of 12.42%. The firm’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same period last year, the firm earned $2.85 EPS. As a group, sell-side analysts predict that Saia, Inc. will post 15.24 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director John P. Gainor, Jr. acquired 500 shares of the stock in a transaction dated Thursday, May 2nd. The shares were bought at an average cost of $407.00 per share, for a total transaction of $203,500.00. Following the purchase, the director now directly owns 900 shares of the company’s stock, valued at $366,300. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.30% of the company’s stock.

Saia Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

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