Dimensional Fund Advisors LP Has $131.56 Million Stake in Saia Inc (SAIA)
Dimensional Fund Advisors LP lifted its holdings in shares of Saia Inc (NASDAQ:SAIA) by 0.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 2,099,977 shares of the transportation company’s stock after acquiring an additional 2,394 shares during the period. Dimensional Fund Advisors LP owned approximately 8.24% of Saia worth $131,563,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in SAIA. Brown Advisory Inc. bought a new position in Saia during the 3rd quarter valued at about $399,000. Schwab Charles Investment Management Inc. lifted its holdings in Saia by 3.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 179,911 shares of the transportation company’s stock valued at $11,272,000 after purchasing an additional 6,623 shares during the last quarter. Mckinley Capital Management LLC Delaware lifted its holdings in Saia by 75.6% during the 3rd quarter. Mckinley Capital Management LLC Delaware now owns 71,658 shares of the transportation company’s stock valued at $4,489,000 after purchasing an additional 30,858 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Saia by 68.3% during the 3rd quarter. Wells Fargo & Company MN now owns 50,241 shares of the transportation company’s stock valued at $3,147,000 after purchasing an additional 20,381 shares during the last quarter. Finally, Amalgamated Bank bought a new position in Saia during the 3rd quarter valued at about $215,000. 99.91% of the stock is owned by institutional investors.
In other Saia news, CEO Richard D. Odell sold 40,700 shares of the firm’s stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $64.54, for a total value of $2,626,778.00. Following the completion of the sale, the chief executive officer now owns 48,634 shares in the company, valued at approximately $3,138,838.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Stephanie Maschmeier sold 4,090 shares of Saia stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $65.00, for a total transaction of $265,850.00. Following the sale, the insider now owns 7,316 shares of the company’s stock, valued at approximately $475,540. The disclosure for this sale can be found here. Insiders sold a total of 53,405 shares of company stock valued at $3,451,982 in the last 90 days. Corporate insiders own 1.50% of the company’s stock.
Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, October 27th. The transportation company reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.01). The company had revenue of $350.06 million during the quarter, compared to analyst estimates of $344.46 million. Saia had a net margin of 4.05% and a return on equity of 10.61%. The company’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 EPS. equities research analysts forecast that Saia Inc will post 2.16 earnings per share for the current fiscal year.
SAIA has been the subject of several analyst reports. Wolfe Research downgraded shares of Saia from an “outperform” rating to a “market perform” rating in a report on Friday, October 6th. Zacks Investment Research downgraded shares of Saia from a “buy” rating to a “hold” rating in a report on Wednesday, September 20th. Cowen reissued a “hold” rating and set a $55.00 price target on shares of Saia in a report on Friday, September 8th. Stifel Nicolaus lifted their price target on shares of Saia from $60.00 to $61.00 and gave the company a “hold” rating in a report on Wednesday. Finally, ValuEngine raised shares of Saia from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $51.67.
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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