Saia, Inc. $SAIA Shares Sold by Capital World Investors

Capital World Investors lowered its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 3.7% during the third quarter, HoldingsChannel.com reports. The firm owned 407,265 shares of the transportation company’s stock after selling 15,470 shares during the period. Capital World Investors’ holdings in Saia were worth $121,919,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Parkside Financial Bank & Trust grew its stake in shares of Saia by 177.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 111 shares of the transportation company’s stock valued at $30,000 after buying an additional 71 shares during the period. State of Wyoming purchased a new position in shares of Saia in the 3rd quarter worth $30,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in Saia by 6,400.0% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 195 shares of the transportation company’s stock valued at $58,000 after acquiring an additional 192 shares during the last quarter. HM Payson & Co. grew its position in Saia by 28.9% during the third quarter. HM Payson & Co. now owns 205 shares of the transportation company’s stock valued at $61,000 after acquiring an additional 46 shares during the period. Finally, UMB Bank n.a. grew its position in Saia by 28.4% during the third quarter. UMB Bank n.a. now owns 298 shares of the transportation company’s stock valued at $89,000 after acquiring an additional 66 shares during the period.

Insiders Place Their Bets

In related news, CFO Matthew J. Batteh sold 1,110 shares of the stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $375.71, for a total value of $417,038.10. Following the completion of the transaction, the chief financial officer owned 5,360 shares of the company’s stock, valued at approximately $2,013,805.60. This represents a 17.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Frederick J. Holzgrefe III sold 4,775 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $388.80, for a total value of $1,856,520.00. Following the sale, the chief executive officer owned 22,743 shares of the company’s stock, valued at approximately $8,842,478.40. This trade represents a 17.35% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 15,533 shares of company stock valued at $6,015,055. Insiders own 0.30% of the company’s stock.

Saia Price Performance

SAIA opened at $341.41 on Thursday. The company has a fifty day simple moving average of $373.62 and a 200 day simple moving average of $327.73. The firm has a market cap of $9.11 billion, a price-to-earnings ratio of 35.86, a PEG ratio of 1.91 and a beta of 2.04. Saia, Inc. has a twelve month low of $229.12 and a twelve month high of $430.11. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.06.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on SAIA. Benchmark raised their price objective on Saia from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. JPMorgan Chase & Co. boosted their target price on Saia from $349.00 to $365.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. Evercore set a $435.00 target price on shares of Saia in a research report on Wednesday, February 11th. Susquehanna lowered shares of Saia from a “positive” rating to a “neutral” rating and raised their price target for the company from $390.00 to $425.00 in a report on Wednesday, February 11th. Finally, Morgan Stanley cut shares of Saia from an “equal weight” rating to an “underweight” rating and set a $250.00 price target on the stock. in a research report on Tuesday, February 10th. Nine research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Saia has a consensus rating of “Hold” and an average price target of $379.47.

Saia 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.