Strs Ohio lowered its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 3.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,200 shares of the transportation company’s stock after selling 700 shares during the period. Strs Ohio’s holdings in Saia were worth $984,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. US Bancorp DE increased its position in Saia by 13.8% in the first quarter. US Bancorp DE now owns 16,964 shares of the transportation company’s stock valued at $751,000 after buying an additional 2,052 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Saia by 0.4% in the first quarter. Dimensional Fund Advisors LP now owns 2,135,898 shares of the transportation company’s stock valued at $94,620,000 after buying an additional 9,523 shares in the last quarter. Bank of Montreal Can increased its position in Saia by 547.3% in the first quarter. Bank of Montreal Can now owns 56,046 shares of the transportation company’s stock valued at $2,483,000 after buying an additional 47,388 shares in the last quarter. State of Alaska Department of Revenue increased its position in Saia by 2.9% in the first quarter. State of Alaska Department of Revenue now owns 2,810 shares of the transportation company’s stock valued at $124,000 after buying an additional 80 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in Saia by 316.3% in the first quarter. AQR Capital Management LLC now owns 105,438 shares of the transportation company’s stock valued at $4,671,000 after buying an additional 80,108 shares in the last quarter. 97.73% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Saia, Inc. (NASDAQ SAIA) opened at 54.60 on Wednesday. Saia, Inc. has a one year low of $27.96 and a one year high of $58.00. The stock has a market capitalization of $1.38 billion, a PE ratio of 26.49 and a beta of 0.78. The firm has a 50 day moving average price of $52.77 and a 200 day moving average price of $47.96.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Friday, July 28th. The transportation company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.62 by $0.06. Saia had a return on equity of 10.84% and a net margin of 4.12%. The business had revenue of $358.20 million during the quarter, compared to analyst estimates of $348.53 million. During the same period last year, the business posted $0.52 earnings per share. The company’s quarterly revenue was up 14.8% on a year-over-year basis. Analysts predict that Saia, Inc. will post $2.21 earnings per share for the current fiscal year.

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SAIA has been the subject of a number of recent analyst reports. Cowen and Company boosted their price objective on Saia from $49.00 to $50.00 and gave the company a “market perform” rating in a report on Monday, May 1st. BidaskClub upgraded Saia from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Zacks Investment Research upgraded Saia from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. Finally, Stifel Nicolaus restated a “hold” rating and set a $48.00 price objective (up previously from $44.00) on shares of Saia in a report on Monday, July 31st. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Saia has a consensus rating of “Buy” and a consensus target price of $52.33.

In other news, Director Herbert A. Trucksess III sold 30,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $54.09, for a total transaction of $1,622,700.00. Following the completion of the transaction, the director now directly owns 183,442 shares in the company, valued at $9,922,377.78. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jeffrey C. Ward sold 2,521 shares of the firm’s stock in a transaction on Thursday, August 10th. The stock was sold at an average price of $52.91, for a total value of $133,386.11. Following the transaction, the director now owns 9,279 shares of the company’s stock, valued at $490,951.89. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 62,958 shares of company stock valued at $3,397,105. Company insiders own 1.50% of the company’s stock.

Saia Company Profile

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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Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

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