Neuberger Berman Group LLC Grows Stock Holdings in Saia, Inc. $SAIA

Neuberger Berman Group LLC increased its position in shares of Saia, Inc. (NASDAQ:SAIA) by 39.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 253,957 shares of the transportation company’s stock after purchasing an additional 72,374 shares during the period. Neuberger Berman Group LLC owned 0.95% of Saia worth $76,025,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Viking Global Investors LP purchased a new stake in Saia during the 2nd quarter worth about $226,770,000. Norges Bank purchased a new position in shares of Saia in the 2nd quarter valued at about $103,599,000. Wasatch Advisors LP increased its holdings in shares of Saia by 25.3% in the 2nd quarter. Wasatch Advisors LP now owns 825,687 shares of the transportation company’s stock valued at $226,230,000 after acquiring an additional 166,486 shares during the last quarter. Squarepoint Ops LLC acquired a new stake in shares of Saia during the 2nd quarter worth about $30,021,000. Finally, Greenhouse Funds LLLP raised its position in shares of Saia by 237.8% during the 2nd quarter. Greenhouse Funds LLLP now owns 151,364 shares of the transportation company’s stock worth $41,472,000 after acquiring an additional 106,555 shares in the last quarter.

Insiders Place Their Bets

In related news, VP Raymond R. Ramu sold 5,226 shares of the stock in a transaction on Friday, February 13th. The shares were sold at an average price of $387.95, for a total transaction of $2,027,426.70. Following the completion of the sale, the vice president owned 3,631 shares in the company, valued at $1,408,646.45. This represents a 59.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Patrick D. Sugar sold 2,706 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $386.74, for a total transaction of $1,046,518.44. Following the transaction, the executive vice president directly owned 9,121 shares in the company, valued at $3,527,455.54. The trade was a 22.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 15,533 shares of company stock worth $6,015,055. Corporate insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on SAIA. Benchmark upped their price target on Saia from $360.00 to $400.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. JPMorgan Chase & Co. raised their price objective on shares of Saia from $349.00 to $365.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. Susquehanna downgraded shares of Saia from a “positive” rating to a “neutral” rating and boosted their price objective for the stock from $390.00 to $425.00 in a research report on Wednesday, February 11th. Wells Fargo & Company upped their target price on shares of Saia from $310.00 to $395.00 and gave the company an “equal weight” rating in a report on Wednesday, February 11th. Finally, Stephens increased their target price on shares of Saia from $414.00 to $445.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Nine 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’s stock. According to MarketBeat, Saia currently has a consensus rating of “Hold” and a consensus price target of $380.47.

Saia Stock Down 9.3%

Shares of NASDAQ SAIA opened at $359.78 on Friday. The business has a 50-day moving average price of $372.10 and a 200 day moving average price of $326.49. The stock has a market cap of $9.60 billion, a PE ratio of 37.79, a price-to-earnings-growth ratio of 2.12 and a beta of 2.04. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.06. Saia, Inc. has a 52-week low of $229.12 and a 52-week high of $430.11.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Tuesday, February 10th. The transportation company reported $1.77 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.13). The firm had revenue of $789.95 million for 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 company’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the firm earned $2.84 EPS. Equities research analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current year.

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.