Saia, Inc. $SAIA Stake Boosted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lifted its position in Saia, Inc. (NASDAQ:SAIA) by 3.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 461,284 shares of the transportation company’s stock after acquiring an additional 17,161 shares during the period. Dimensional Fund Advisors LP owned about 1.73% of Saia worth $138,079,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SAIA. Parkside Financial Bank & Trust lifted its position in shares of Saia by 177.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 111 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 71 shares in the last quarter. State of Wyoming purchased a new position in Saia during the 3rd quarter worth approximately $30,000. Annis Gardner Whiting Capital Advisors LLC raised its stake in Saia by 6,400.0% during the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 195 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 192 shares during the period. HM Payson & Co. raised its stake in Saia by 28.9% during the 3rd quarter. HM Payson & Co. now owns 205 shares of the transportation company’s stock valued at $61,000 after purchasing an additional 46 shares during the period. Finally, UMB Bank n.a. lifted its holdings in shares of Saia by 28.4% in the third quarter. UMB Bank n.a. now owns 298 shares of the transportation company’s stock valued at $89,000 after purchasing an additional 66 shares in the last quarter.

Saia Stock Down 3.5%

Saia stock opened at $356.03 on Wednesday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.06. Saia, Inc. has a 1-year low of $229.12 and a 1-year high of $430.11. The firm’s fifty day simple moving average is $373.32 and its 200-day simple moving average is $327.63. The company has a market capitalization of $9.50 billion, a P/E ratio of 37.40, a P/E/G ratio of 1.97 and a beta of 2.04.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Tuesday, February 10th. The transportation company reported $1.77 earnings per share for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.13). The company had revenue of $789.95 million during the quarter, compared to analyst estimates of $773.82 million. Saia had a return on equity of 9.86% and a net margin of 7.89%.Saia’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.84 EPS. Sell-side analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Wall Street Zen cut Saia from a “hold” rating to a “sell” rating in a research report on Sunday, February 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Saia in a research note on Monday, December 29th. JPMorgan Chase & Co. raised their price objective on Saia from $349.00 to $365.00 and gave the stock an “overweight” rating in a research report on Monday, January 12th. TD Cowen reaffirmed a “hold” rating on shares of Saia in a research note on Friday, January 9th. Finally, BMO Capital Markets set a $425.00 target price on Saia in a report on Thursday, February 19th. Nine investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $379.47.

Insider Transactions at Saia

In related news, EVP Patrick D. Sugar sold 2,706 shares of the company’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $386.74, for a total transaction of $1,046,518.44. Following the completion of the sale, the executive vice president directly owned 9,121 shares of the company’s stock, valued at approximately $3,527,455.54. This represents a 22.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Matthew J. Batteh sold 916 shares of the firm’s stock in a transaction on Friday, February 13th. The shares were sold at an average price of $389.03, for a total transaction of $356,351.48. Following the completion of the transaction, the chief financial officer owned 4,444 shares in the company, valued at $1,728,849.32. The trade was a 17.09% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 15,533 shares of company stock worth $6,015,055. 0.30% of the stock is currently owned by company insiders.

Saia Profile

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.