Greenhouse Funds LLLP Sells 46,989 Shares of Saia, Inc. $SAIA

Greenhouse Funds LLLP lowered its holdings in Saia, Inc. (NASDAQ:SAIA) by 31.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,375 shares of the transportation company’s stock after selling 46,989 shares during the period. Greenhouse Funds LLLP owned approximately 0.39% of Saia worth $31,246,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. UBS Group AG grew its stake in Saia by 21.0% in the 3rd quarter. UBS Group AG now owns 104,953 shares of the transportation company’s stock valued at $31,419,000 after buying an additional 18,233 shares in the last quarter. Quadrant Capital Group LLC purchased a new stake in shares of Saia during the third quarter worth $294,000. Van ECK Associates Corp lifted its position in shares of Saia by 4.9% during the third quarter. Van ECK Associates Corp now owns 21,536 shares of the transportation company’s stock worth $6,447,000 after acquiring an additional 1,012 shares in the last quarter. Capital International Investors boosted its holdings in shares of Saia by 0.8% in the third quarter. Capital International Investors now owns 1,419,062 shares of the transportation company’s stock worth $424,794,000 after acquiring an additional 11,454 shares during the period. Finally, Fieldview Capital Management LLC bought a new position in shares of Saia in the third quarter worth $2,912,000.

Saia Trading Down 4.1%

Saia stock opened at $341.41 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.64 and a current ratio of 1.64. Saia, Inc. has a fifty-two week low of $229.12 and a fifty-two week high of $430.11. The stock has a market cap of $9.11 billion, a P/E ratio of 35.86, a PEG ratio of 1.91 and a beta of 2.04. The firm’s fifty day moving average price is $373.62 and its 200-day moving average price is $327.73.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Tuesday, February 10th. The transportation company reported $1.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.13). The business had revenue of $789.95 million for the quarter, compared to the consensus estimate of $773.82 million. Saia had a net margin of 7.89% and a return on equity of 9.86%. Saia’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the business posted $2.84 EPS. Equities research analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SAIA. Bank of America boosted their price objective on Saia from $413.00 to $429.00 and gave the company a “neutral” rating in a research note on Tuesday, March 3rd. Wall Street Zen downgraded Saia from a “hold” rating to a “sell” rating in a research note on Sunday, February 15th. Benchmark lifted their target price on Saia from $360.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Susquehanna cut Saia from a “positive” rating to a “neutral” rating and upped their price target for the company from $390.00 to $425.00 in a research report on Wednesday, February 11th. Finally, Wells Fargo & Company increased their price target on shares of Saia from $310.00 to $395.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 11th. Nine research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $379.47.

Insider Activity

In related news, CAO Kelly W. Benton sold 800 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $389.00, for a total value of $311,200.00. Following the transaction, the chief accounting officer directly owned 3,157 shares in the company, valued at approximately $1,228,073. This represents a 20.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Matthew J. Batteh sold 916 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $389.03, for a total transaction of $356,351.48. Following the completion of the sale, the chief financial officer directly owned 4,444 shares in the company, valued at $1,728,849.32. This represents a 17.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 15,533 shares of company stock worth $6,015,055. Company insiders own 0.30% of the company’s stock.

Saia Company Profile

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.