Citadel Advisors LLC reduced its position in shares of Saia, Inc. (NASDAQ:SAIA) by 23.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 316,261 shares of the transportation company’s stock after selling 98,048 shares during the period. Citadel Advisors LLC owned about 1.25% of Saia worth $16,224,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. raised its position in shares of Saia by 49,565.9% during the 1st quarter. BlackRock Inc. now owns 3,074,318 shares of the transportation company’s stock valued at $136,190,000 after acquiring an additional 3,068,128 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Saia by 0.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,135,898 shares of the transportation company’s stock valued at $94,620,000 after acquiring an additional 9,523 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Saia by 4.1% during the 2nd quarter. Vanguard Group Inc. now owns 1,318,331 shares of the transportation company’s stock valued at $67,631,000 after acquiring an additional 51,915 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Saia by 652.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 815,422 shares of the transportation company’s stock valued at $36,124,000 after acquiring an additional 706,982 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Saia by 8.3% during the 2nd quarter. Northern Trust Corp now owns 787,217 shares of the transportation company’s stock valued at $40,384,000 after acquiring an additional 60,162 shares in the last quarter. 96.98% of the stock is currently owned by institutional investors and hedge funds.

Shares of Saia, Inc. (NASDAQ:SAIA) traded down 0.41% during midday trading on Monday, reaching $60.65. The company’s stock had a trading volume of 20,438 shares. The stock has a 50 day moving average price of $55.02 and a 200-day moving average price of $49.25. Saia, Inc. has a 52-week low of $27.96 and a 52-week high of $61.25. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of 29.43 and a beta of 0.80.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, July 28th. The transportation company reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $358.20 million for the quarter, compared to analyst estimates of $348.53 million. During the same quarter last year, the firm earned $0.52 EPS. Saia’s revenue for the quarter was up 14.8% compared to the same quarter last year. Equities research analysts expect that Saia, Inc. will post $2.18 EPS for the current year.

In related news, Director Jeffrey C. Ward sold 2,521 shares of the business’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 sale, the director now owns 9,279 shares of the company’s stock, valued at approximately $490,951.89. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Douglas Wayne Rockel sold 3,112 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $53.70, for a total value of $167,114.40. Following the completion of the sale, the director now directly owns 7,314 shares in the company, valued at approximately $392,761.80. The disclosure for this sale can be found here. In the last ninety days, insiders sold 74,576 shares of company stock worth $4,053,452. 1.50% of the stock is owned by insiders.

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Several equities research analysts recently issued reports on SAIA shares. ValuEngine raised Saia from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. BidaskClub raised Saia from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. Stifel Nicolaus reissued a “hold” rating and set a $53.00 price target on shares of Saia in a research report on Thursday. Zacks Investment Research lowered Saia from a “buy” rating to a “hold” rating in a research report on Wednesday, September 20th. Finally, Cowen and Company reissued a “hold” rating and set a $55.00 price target on shares of Saia in a research report on Friday, September 8th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Saia currently has an average rating of “Buy” and an average price target of $53.17.

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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