American Century Companies Inc. Lowers Holdings in Saia, Inc. $SAIA

American Century Companies Inc. lowered its holdings in Saia, Inc. (NASDAQ:SAIA) by 83.5% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,800 shares of the transportation company’s stock after selling 140,675 shares during the period. American Century Companies Inc.’s holdings in Saia were worth $7,617,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Segall Bryant & Hamill LLC boosted its position in Saia by 20.7% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 31,655 shares of the transportation company’s stock valued at $8,673,000 after buying an additional 5,431 shares during the period. AXQ Capital LP raised its stake in shares of Saia by 137.6% in the second quarter. AXQ Capital LP now owns 2,084 shares of the transportation company’s stock valued at $571,000 after acquiring an additional 1,207 shares in the last quarter. Journey Strategic Wealth LLC raised its stake in shares of Saia by 26.0% in the second quarter. Journey Strategic Wealth LLC now owns 1,172 shares of the transportation company’s stock valued at $321,000 after acquiring an additional 242 shares in the last quarter. Entropy Technologies LP purchased a new position in Saia in the second quarter valued at $339,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in Saia by 7.6% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,843 shares of the transportation company’s stock worth $1,875,000 after purchasing an additional 486 shares in the last quarter.

Analyst Ratings Changes

A number of equities research analysts have issued reports on SAIA shares. Susquehanna set a $350.00 price target on Saia in a research report on Friday, October 31st. Weiss Ratings restated a “hold (c-)” rating on shares of Saia in a research note on Monday, November 24th. Wall Street Zen upgraded shares of Saia from a “sell” rating to a “hold” rating in a research note on Saturday. Stifel Nicolaus lowered their price target on shares of Saia from $306.00 to $298.00 and set a “hold” rating for the company in a report on Tuesday, October 28th. Finally, Zacks Research upgraded shares of Saia from a “strong sell” rating to a “hold” rating in a report on Monday, August 25th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and thirteen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $330.10.

Saia Price Performance

Shares of SAIA opened at $330.91 on Friday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.68 and a quick ratio of 1.68. Saia, Inc. has a 1-year low of $229.12 and a 1-year high of $545.12. The stock has a market cap of $8.82 billion, a PE ratio of 31.25, a price-to-earnings-growth ratio of 10.50 and a beta of 2.10. The firm has a fifty day moving average price of $291.12 and a 200 day moving average price of $290.42.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Thursday, October 30th. The transportation company reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.28. Saia had a return on equity of 11.32% and a net margin of 8.77%.The company had revenue of $839.64 million for the quarter, compared to analyst estimates of $824.06 million. During the same quarter last year, the company posted $3.46 earnings per share. The business’s quarterly revenue was down .3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Saia, Inc. will post 15.46 EPS for the current year.

Insider Buying and Selling

In other news, Director Donna E. Epps purchased 422 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were bought at an average price of $277.60 per share, with a total value of $117,147.20. Following the completion of the transaction, the director directly owned 1,852 shares in the company, valued at approximately $514,115.20. This represents a 29.51% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Raymond R. Ramu sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $266.57, for a total value of $266,570.00. Following the completion of the sale, the vice president owned 4,902 shares of the company’s stock, valued at approximately $1,306,726.14. This represents a 16.94% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.30% of the company’s stock.

Saia Profile

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.