Dimensional Fund Advisors LP Decreases Stake in Saia, Inc. $SAIA

Dimensional Fund Advisors LP cut its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 4.7% in the 1st quarter, Holdings Channel reports. The fund owned 454,986 shares of the transportation company’s stock after selling 22,263 shares during the period. Dimensional Fund Advisors LP’s holdings in Saia were worth $159,800,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Vestor Capital LLC lifted its stake in shares of Saia by 9.5% in the fourth quarter. Vestor Capital LLC now owns 323 shares of the transportation company’s stock worth $96,000 after acquiring an additional 28 shares in the last quarter. Parallel Advisors LLC grew its stake in Saia by 5.8% in the fourth quarter. Parallel Advisors LLC now owns 563 shares of the transportation company’s stock worth $184,000 after purchasing an additional 31 shares in the last quarter. Boothbay Fund Management LLC increased its holdings in shares of Saia by 3.2% in the 2nd quarter. Boothbay Fund Management LLC now owns 1,401 shares of the transportation company’s stock valued at $384,000 after acquiring an additional 43 shares during the last quarter. Vident Advisory LLC increased its stake in Saia by 4.4% during the second quarter. Vident Advisory LLC now owns 1,075 shares of the transportation company’s stock valued at $295,000 after purchasing an additional 45 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Saia by 46.9% during the fourth quarter. Farther Finance Advisors LLC now owns 144 shares of the transportation company’s stock worth $47,000 after acquiring an additional 46 shares during the period.

Saia Stock Performance

Shares of SAIA stock opened at $423.68 on Monday. The company has a market capitalization of $11.30 billion, a price-to-earnings ratio of 44.50, a P/E/G ratio of 1.98 and a beta of 2.13. Saia, Inc. has a 1-year low of $249.32 and a 1-year high of $494.71. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.04. The stock’s fifty day simple moving average is $444.97 and its 200-day simple moving average is $405.39.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Thursday, April 30th. The transportation company reported $1.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.82 by $0.04. The firm had revenue of $806.23 million during the quarter, compared to the consensus estimate of $789.08 million. Saia had a return on equity of 9.60% and a net margin of 7.84%.The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same period in the prior year, the business earned $1.86 EPS. On average, sell-side analysts predict that Saia, Inc. will post 11.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SAIA has been the topic of several analyst reports. Wall Street Zen raised Saia from a “sell” rating to a “hold” rating in a research report on Monday, May 4th. Evercore raised Saia from an “in-line” rating to an “outperform” rating in a research note on Wednesday, July 1st. JPMorgan Chase & Co. boosted their price target on Saia from $465.00 to $490.00 and gave the stock an “overweight” rating in a research report on Monday, June 8th. Weiss Ratings raised shares of Saia from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Finally, UBS Group upped their price objective on Saia from $493.00 to $527.00 and gave the company a “buy” rating in a report on Tuesday, July 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $462.72.

About Saia

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.