Dimensional Fund Advisors LP Trims Stock Position in Saia, Inc. (NASDAQ:SAIA)

Dimensional Fund Advisors LP trimmed its stake in Saia, Inc. (NASDAQ:SAIA) by 10.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 215,643 shares of the transportation company’s stock after selling 24,356 shares during the period. Dimensional Fund Advisors LP owned 0.81% of Saia worth $102,260,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of SAIA. Capital Research Global Investors raised its holdings in Saia by 129.8% in the fourth quarter. Capital Research Global Investors now owns 920,258 shares of the transportation company’s stock worth $403,275,000 after purchasing an additional 519,819 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Saia by 347.3% in the 2nd quarter. American Century Companies Inc. now owns 159,853 shares of the transportation company’s stock worth $75,817,000 after acquiring an additional 124,117 shares in the last quarter. Clearbridge Investments LLC purchased a new position in Saia during the 1st quarter valued at about $27,733,000. Vaughan Nelson Investment Management L.P. boosted its stake in Saia by 6.8% during the first quarter. Vaughan Nelson Investment Management L.P. now owns 708,420 shares of the transportation company’s stock worth $414,425,000 after acquiring an additional 45,155 shares in the last quarter. Finally, Natixis Investment Managers International grew its holdings in Saia by 53.7% in the fourth quarter. Natixis Investment Managers International now owns 95,730 shares of the transportation company’s stock worth $41,951,000 after purchasing an additional 33,445 shares during the period.

Analyst Ratings Changes

Several research firms have recently issued reports on SAIA. Evercore ISI lifted their target price on shares of Saia from $523.00 to $566.00 and gave the company an “outperform” rating in a report on Tuesday, June 25th. Barclays lowered their price objective on Saia from $575.00 to $515.00 and set an “overweight” rating for the company in a research note on Monday, July 29th. Wells Fargo & Company increased their target price on Saia from $400.00 to $410.00 and gave the stock an “equal weight” rating in a research note on Thursday, September 5th. Bank of America raised their price target on Saia from $443.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, September 5th. Finally, BMO Capital Markets dropped their price target on shares of Saia from $500.00 to $480.00 and set a “market perform” rating on the stock in a research note on Monday, July 29th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, Saia currently has a consensus rating of “Hold” and a consensus price target of $479.07.

Saia Price Performance

Shares of SAIA opened at $455.73 on Wednesday. The firm has a fifty day simple moving average of $412.43 and a two-hundred day simple moving average of $458.57. The firm has a market cap of $12.12 billion, a PE ratio of 33.02, a P/E/G ratio of 2.05 and a beta of 1.74. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 1-year low of $341.26 and a 1-year high of $628.34.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Friday, July 26th. The transportation company reported $3.83 EPS for the quarter, missing analysts’ consensus estimates of $4.00 by ($0.17). Saia had a net margin of 12.26% and a return on equity of 19.14%. The firm had revenue of $823.24 million for the quarter, compared to analysts’ expectations of $821.60 million. On average, equities analysts anticipate that Saia, Inc. will post 13.92 EPS for the current year.

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.