Saia, Inc. $SAIA Position Lifted by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC raised its stake in Saia, Inc. (NASDAQ:SAIA) by 3.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 117,946 shares of the transportation company’s stock after purchasing an additional 4,155 shares during the period. Stephens Investment Management Group LLC owned 0.44% of Saia worth $35,308,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC grew its stake in Saia by 139.9% in the third quarter. SG Americas Securities LLC now owns 4,836 shares of the transportation company’s stock worth $1,448,000 after purchasing an additional 2,820 shares in the last quarter. Park Avenue Securities LLC lifted its holdings in Saia by 6.1% during the 3rd quarter. Park Avenue Securities LLC now owns 2,323 shares of the transportation company’s stock worth $695,000 after buying an additional 133 shares during the last quarter. KLP Kapitalforvaltning AS grew its position in shares of Saia by 3.6% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 5,800 shares of the transportation company’s stock worth $1,736,000 after acquiring an additional 200 shares in the last quarter. Gateway Investment Advisers LLC increased its holdings in shares of Saia by 700.0% in the 3rd quarter. Gateway Investment Advisers LLC now owns 6,616 shares of the transportation company’s stock valued at $1,981,000 after acquiring an additional 5,789 shares during the last quarter. Finally, Global Retirement Partners LLC increased its holdings in shares of Saia by 7.0% in the 3rd quarter. Global Retirement Partners LLC now owns 1,766 shares of the transportation company’s stock valued at $529,000 after acquiring an additional 116 shares during the last quarter.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Stephens raised shares of Saia from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $308.00 to $414.00 in a report on Tuesday, January 6th. Rothschild & Co Redburn began coverage on shares of Saia in a research report on Wednesday, November 26th. They issued a “neutral” rating and a $262.00 price target on the stock. Susquehanna boosted their price objective on shares of Saia from $350.00 to $390.00 and gave the company a “positive” rating in a research report on Monday, January 5th. UBS Group increased their price objective on shares of Saia from $305.00 to $374.00 and gave the stock a “buy” rating in a research note on Friday, October 3rd. Finally, Cowen reissued a “hold” rating on shares of Saia in a report on Friday, January 9th. Ten investment analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $343.95.

Saia Trading Down 2.2%

Shares of NASDAQ:SAIA opened at $350.89 on Friday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.09. The company’s 50-day moving average price is $318.53 and its 200 day moving average price is $306.37. The company has a market cap of $9.35 billion, a PE ratio of 33.13 and a beta of 2.09. Saia, Inc. has a fifty-two week low of $229.12 and a fifty-two week high of $538.03.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Thursday, October 30th. The transportation company reported $2.81 EPS for the quarter, beating the consensus estimate of $2.53 by $0.28. The company had revenue of $839.64 million for the quarter, compared to analyst estimates of $824.06 million. Saia had a net margin of 8.77% and a return on equity of 11.32%. Saia’s revenue was down .3% compared to the same quarter last year. During the same quarter last year, the business earned $3.46 earnings per share. Sell-side analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current year.

Insider Buying and Selling

In related news, VP Raymond R. Ramu sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $266.57, for a total value of $266,570.00. Following the sale, the vice president directly owned 4,902 shares in the company, valued at $1,306,726.14. This trade represents a 16.94% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Donna E. Epps bought 422 shares of the business’s stock in a transaction on Wednesday, November 26th. The shares were acquired at an average cost of $277.60 per share, for a total transaction of $117,147.20. Following the purchase, the director directly owned 1,852 shares in the company, valued at $514,115.20. This represents a 29.51% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.30% of the company’s stock.

About Saia

Saia, Inc is a publicly traded transportation company specializing in less-than-truckload (LTL) freight services across North America. Headquartered in Johns Creek, Georgia, the company focuses on the efficient movement of time-sensitive freight for a diverse customer base that spans retail, manufacturing, automotive, and healthcare industries. By leveraging a network of terminals and service centers, Saia provides tailored solutions designed to optimize supply chain performance.

The company’s core offerings include regional, interregional, and national LTL shipping, supported by volumetric LTL and port intermodal services.