Fmr LLC Has $33.34 Million Holdings in Saia, Inc. (SAIA)
Fmr LLC lowered its position in Saia, Inc. (NASDAQ:SAIA) by 14.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 649,868 shares of the transportation company’s stock after selling 105,914 shares during the period. Fmr LLC owned about 2.57% of Saia worth $33,338,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. First Trust Advisors LP acquired a new position in shares of Saia in the second quarter worth about $1,924,000. Virginia Retirement Systems ET AL raised its position in shares of Saia by 242.7% during the 2nd quarter. Virginia Retirement Systems ET AL now owns 25,700 shares of the transportation company’s stock worth $1,318,000 after purchasing an additional 18,200 shares during the last quarter. Turner Investments LLC acquired a new position in shares of Saia during the 2nd quarter worth about $359,000. American Century Companies Inc. raised its position in shares of Saia by 8.8% during the 2nd quarter. American Century Companies Inc. now owns 126,140 shares of the transportation company’s stock worth $6,471,000 after purchasing an additional 10,180 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Saia by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,135,898 shares of the transportation company’s stock worth $94,620,000 after purchasing an additional 9,523 shares during the last quarter. Institutional investors and hedge funds own 96.98% of the company’s stock.
In other Saia news, Director Jeffrey C. Ward sold 2,521 shares of Saia stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $52.91, for a total transaction of $133,386.11. Following the completion of the transaction, the director now owns 9,279 shares in the company, valued at $490,951.89. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Herbert A. Trucksess III sold 10,000 shares of Saia stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $56.54, for a total transaction of $565,400.00. Following the transaction, the director now owns 158,442 shares of the company’s stock, valued at approximately $8,958,310.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 74,576 shares of company stock valued at $4,053,452. 1.50% of the stock is currently owned by company insiders.
Saia, Inc. (NASDAQ SAIA) opened at 62.50 on Friday. The company’s 50 day moving average is $59.44 and its 200 day moving average is $51.72. Saia, Inc. has a 52-week low of $29.00 and a 52-week high of $63.10. The firm has a market cap of $1.58 billion, a P/E ratio of 30.33 and a beta of 0.85.
Saia (NASDAQ:SAIA) last announced its earnings results on Friday, July 28th. The transportation company reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.06. The company had revenue of $358.20 million during the quarter, compared to analysts’ expectations of $348.53 million. Saia had a net margin of 4.12% and a return on equity of 10.84%. The firm’s quarterly revenue was up 14.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.52 earnings per share. Equities research analysts forecast that Saia, Inc. will post $2.17 EPS for the current fiscal year.
Several research analysts recently weighed in on SAIA shares. BidaskClub upgraded shares of Saia from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. ValuEngine upgraded shares of Saia from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Wolfe Research downgraded shares of Saia from an “outperform” rating to a “market perform” rating in a research report on Friday, October 6th. Morgan Stanley upped their price target on shares of Saia from $32.00 to $34.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 5th. Finally, Zacks Investment Research downgraded shares of Saia from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $50.33.
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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