Standard Life Aberdeen plc Sells 66,244 Shares of Saia Inc (NASDAQ:SAIA)

Standard Life Aberdeen plc lowered its stake in shares of Saia Inc (NASDAQ:SAIA) by 16.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 346,820 shares of the transportation company’s stock after selling 66,244 shares during the period. Standard Life Aberdeen plc’s holdings in Saia were worth $32,296,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Texas Permanent School Fund raised its holdings in shares of Saia by 0.6% during the fourth quarter. Texas Permanent School Fund now owns 17,740 shares of the transportation company’s stock worth $1,652,000 after acquiring an additional 107 shares during the period. Municipal Employees Retirement System of Michigan boosted its holdings in Saia by 2.1% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 7,930 shares of the transportation company’s stock valued at $738,000 after purchasing an additional 160 shares during the period. Comerica Bank boosted its holdings in Saia by 0.9% in the 4th quarter. Comerica Bank now owns 24,587 shares of the transportation company’s stock valued at $2,241,000 after purchasing an additional 225 shares during the period. UBS Asset Management Americas Inc. boosted its holdings in Saia by 1.0% in the 4th quarter. UBS Asset Management Americas Inc. now owns 25,095 shares of the transportation company’s stock valued at $2,337,000 after purchasing an additional 237 shares during the period. Finally, Advisory Services Network LLC boosted its holdings in Saia by 578.7% in the 4th quarter. Advisory Services Network LLC now owns 319 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 272 shares during the period.

SAIA stock traded up $3.58 during trading on Thursday, reaching $76.85. 662,200 shares of the company were exchanged, compared to its average volume of 347,925. The company has a 50-day moving average of $86.06 and a two-hundred day moving average of $92.05. The company has a market capitalization of $1.93 billion, a price-to-earnings ratio of 17.83 and a beta of 0.85. Saia Inc has a twelve month low of $56.35 and a twelve month high of $107.00. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.96 and a quick ratio of 0.96.

Saia (NASDAQ:SAIA) last released its quarterly earnings data on Monday, February 3rd. The transportation company reported $0.81 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.85 by ($0.04). The company had revenue of $443.10 million for the quarter, compared to analyst estimates of $434.31 million. Saia had a return on equity of 14.52% and a net margin of 6.36%. Saia’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.97 earnings per share. On average, analysts forecast that Saia Inc will post 4.83 EPS for the current year.

In related news, CEO Richard D. Odell sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $96.03, for a total transaction of $1,152,360.00. Following the completion of the transaction, the chief executive officer now directly owns 40,806 shares in the company, valued at approximately $3,918,600.18. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.20% of the stock is owned by corporate insiders.

A number of analysts have issued reports on the stock. Zacks Investment Research downgraded shares of Saia from a “hold” rating to a “sell” rating in a report on Wednesday, January 8th. Morgan Stanley dropped their target price on shares of Saia from $69.00 to $60.00 and set an “underweight” rating for the company in a research report on Monday. Cowen restated a “hold” rating and issued a $93.00 target price on shares of Saia in a research report on Monday, February 3rd. KeyCorp dropped their target price on shares of Saia from $105.00 to $95.00 and set an “overweight” rating for the company in a research report on Wednesday, March 4th. Finally, BidaskClub cut shares of Saia from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $89.00.

Saia Profile

Saia, Inc, through its subsidiaries, operates as a transportation company in North America. The company provides regional and interregional 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.

Read More: Cost of Capital Explained

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Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

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