PDT Partners LLC lowered its position in Saia, Inc. (NASDAQ:SAIA) by 13.9% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,100 shares of the transportation company’s stock after selling 5,200 shares during the period. PDT Partners LLC owned about 0.13% of Saia worth $1,647,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Texas Permanent School Fund increased its position in shares of Saia by 0.9% in the 1st quarter. Texas Permanent School Fund now owns 18,419 shares of the transportation company’s stock valued at $816,000 after buying an additional 157 shares in the last quarter. Arizona State Retirement System increased its position in shares of Saia by 2.3% in the 1st quarter. Arizona State Retirement System now owns 13,223 shares of the transportation company’s stock valued at $586,000 after buying an additional 300 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Saia by 4.7% in the 1st quarter. BNP Paribas Arbitrage SA now owns 6,816 shares of the transportation company’s stock valued at $302,000 after buying an additional 306 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in Saia by 0.5% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 68,236 shares of the transportation company’s stock worth $3,501,000 after purchasing an additional 347 shares in the last quarter. Finally, Mckinley Capital Management LLC Delaware increased its holdings in Saia by 1.0% during the 2nd quarter. Mckinley Capital Management LLC Delaware now owns 40,800 shares of the transportation company’s stock worth $2,093,000 after purchasing an additional 409 shares in the last quarter. Institutional investors and hedge funds own 96.98% of the company’s stock.

Saia, Inc. (SAIA) opened at 61.05 on Thursday. The firm’s 50-day moving average price is $57.45 and its 200-day moving average price is $50.45. Saia, Inc. has a 12-month low of $27.96 and a 12-month high of $63.05. The company has a market cap of $1.54 billion, a PE ratio of 29.62 and a beta of 0.85.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, July 28th. The transportation company reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.62 by $0.06. Saia had a net margin of 4.12% and a return on equity of 10.84%. The firm had revenue of $358.20 million for the quarter, compared to analyst estimates of $348.53 million. During the same quarter in the prior year, the business earned $0.52 earnings per share. The business’s quarterly revenue was up 14.8% compared to the same quarter last year. Equities research analysts forecast that Saia, Inc. will post $2.18 earnings per share for the current fiscal year.

SAIA has been the subject of a number of research reports. BidaskClub cut Saia from a “buy” rating to a “hold” rating in a report on Wednesday, June 21st. Cowen and Company increased their target price on Saia from $50.00 to $55.00 and gave the stock a “market perform” rating in a report on Monday, July 31st. Stifel Nicolaus reiterated a “hold” rating and set a $48.00 target price (up previously from $44.00) on shares of Saia in a report on Monday, July 31st. ValuEngine upgraded Saia from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, Zacks Investment Research cut Saia from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Saia has an average rating of “Hold” and a consensus target price of $53.60.

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In other news, CEO Richard D. Odell sold 6,400 shares of the company’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $53.71, for a total transaction of $343,744.00. Following the transaction, the chief executive officer now owns 9,034 shares in the company, valued at $485,216.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John J. Holland sold 1,618 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $56.21, for a total transaction of $90,947.78. Following the transaction, the director now owns 1,028 shares in the company, valued at approximately $57,783.88. The disclosure for this sale can be found here. Insiders have sold 74,576 shares of company stock worth $4,053,452 in the last quarter. Company insiders own 1.50% of the company’s stock.

Saia Company Profile

Saia, Inc is a transportation company. The Company provides regional and interregional less-than-truckload (LTL) services. The Company also offers a range of other value-added services, including non-asset truckload, expedited and logistics services across the United States. The Company’s subsidiary Saia Motor Freight Line, LLC (Saia LTL Freight) is a LTL carrier.

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Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

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