Price T Rowe Associates Inc. MD Cuts Position in Saia, Inc. (NASDAQ:SAIA)

Price T Rowe Associates Inc. MD decreased its holdings in Saia, Inc. (NASDAQ:SAIA) by 13.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,710,865 shares of the transportation company’s stock after selling 258,406 shares during the quarter. Price T Rowe Associates Inc. MD owned about 6.43% of Saia worth $1,000,857,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the business. AdvisorNet Financial Inc raised its stake in shares of Saia by 5.7% during the 1st quarter. AdvisorNet Financial Inc now owns 387 shares of the transportation company’s stock worth $226,000 after buying an additional 21 shares during the last quarter. Allworth Financial LP raised its stake in shares of Saia by 13.3% during the 4th quarter. Allworth Financial LP now owns 221 shares of the transportation company’s stock worth $97,000 after buying an additional 26 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in shares of Saia by 1.0% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 2,977 shares of the transportation company’s stock worth $1,742,000 after buying an additional 30 shares during the last quarter. Park Place Capital Corp raised its stake in shares of Saia by 11.1% during the 4th quarter. Park Place Capital Corp now owns 319 shares of the transportation company’s stock worth $140,000 after buying an additional 32 shares during the last quarter. Finally, Xponance Inc. raised its stake in shares of Saia by 1.0% during the 4th quarter. Xponance Inc. now owns 3,495 shares of the transportation company’s stock worth $1,532,000 after buying an additional 33 shares during the last quarter.

Saia Stock Down 18.9 %

Shares of SAIA traded down $92.68 during trading on Friday, reaching $396.43. The company’s stock had a trading volume of 2,672,005 shares, compared to its average volume of 432,953. The company has a fifty day moving average of $447.36 and a two-hundred day moving average of $492.69. Saia, Inc. has a twelve month low of $341.26 and a twelve month high of $628.34. The company has a market cap of $10.54 billion, a price-to-earnings ratio of 28.73, a P/E/G ratio of 1.41 and a beta of 1.72. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.04.

Saia (NASDAQ:SAIA) last announced its earnings results on Friday, July 26th. The transportation company reported $3.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.17). Saia had a net margin of 12.42% and a return on equity of 19.53%. The business had revenue of $823.24 million during the quarter, compared to analyst estimates of $821.60 million. On average, sell-side analysts predict that Saia, Inc. will post 15.32 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. UBS Group cut their price target on Saia from $618.00 to $541.00 and set a “buy” rating for the company in a research note on Monday, April 29th. Stifel Nicolaus raised shares of Saia from a “hold” rating to a “buy” rating and cut their target price for the company from $526.00 to $475.00 in a research note on Friday, May 24th. Raymond James cut their target price on shares of Saia from $540.00 to $520.00 and set an “outperform” rating for the company in a research note on Monday, June 24th. Evercore ISI boosted their target price on shares of Saia from $523.00 to $566.00 and gave the company an “outperform” rating in a research note on Tuesday, June 25th. Finally, Wolfe Research downgraded shares of Saia from an “outperform” rating to a “peer perform” rating in a research note on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $502.18.

Insider Buying and Selling at Saia

In other news, Director John P. Gainor, Jr. purchased 500 shares of the company’s stock in a transaction that occurred on Thursday, May 2nd. The shares were acquired at an average cost of $407.00 per share, with a total value of $203,500.00. Following the transaction, the director now owns 900 shares in the company, valued at approximately $366,300. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.30% of the stock is currently owned by corporate insiders.

Saia Company 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.