Allspring Global Investments Holdings LLC Has $44.80 Million Stock Position in Saia, Inc. $SAIA

Allspring Global Investments Holdings LLC reduced its stake in Saia, Inc. (NASDAQ:SAIA) by 36.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 152,447 shares of the transportation company’s stock after selling 87,018 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Saia were worth $44,801,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in SAIA. Inspire Investing LLC bought a new position in Saia during the first quarter worth about $303,000. ZWJ Investment Counsel Inc. raised its position in shares of Saia by 87.1% during the second quarter. ZWJ Investment Counsel Inc. now owns 118,420 shares of the transportation company’s stock worth $32,446,000 after purchasing an additional 55,129 shares during the period. Intech Investment Management LLC raised its position in shares of Saia by 473.6% during the first quarter. Intech Investment Management LLC now owns 11,747 shares of the transportation company’s stock worth $4,105,000 after purchasing an additional 9,699 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Saia by 1.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 86,083 shares of the transportation company’s stock valued at $30,080,000 after purchasing an additional 1,600 shares in the last quarter. Finally, Voya Investment Management LLC grew its position in shares of Saia by 35.1% in the 3rd quarter. Voya Investment Management LLC now owns 220,456 shares of the transportation company’s stock valued at $65,996,000 after purchasing an additional 57,307 shares during the period.

Wall Street Analysts Forecast Growth

SAIA has been the topic of several research analyst reports. Evercore ISI dropped their target price on shares of Saia from $328.00 to $319.00 and set an “outperform” rating on the stock in a report on Friday, October 31st. Bank of America increased their price objective on shares of Saia from $322.00 to $367.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 17th. Citigroup dropped their price objective on shares of Saia from $371.00 to $365.00 and set a “buy” rating on the stock in a report on Friday, October 31st. JPMorgan Chase & Co. upped their target price on shares of Saia from $346.00 to $349.00 and gave the stock an “overweight” rating in a research note on Monday, December 8th. Finally, UBS Group increased their target price on Saia from $305.00 to $374.00 and gave the stock a “buy” rating in a report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $335.85.

Insider Activity at Saia

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

Saia Price Performance

NASDAQ:SAIA opened at $326.52 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.68 and a current ratio of 1.68. The stock’s 50-day simple moving average is $302.37 and its 200 day simple moving average is $299.47. The company has a market cap of $8.70 billion, a P/E ratio of 30.83 and a beta of 2.09. Saia, Inc. has a 52-week low of $229.12 and a 52-week high of $538.03.

Saia (NASDAQ:SAIA) last issued 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 firm had revenue of $839.64 million during the quarter, compared to analysts’ expectations of $824.06 million. Saia had a return on equity of 11.32% and a net margin of 8.77%.The business’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the prior year, the firm posted $3.46 earnings per share. As a group, sell-side analysts forecast that Saia, Inc. will post 15.46 EPS for the current fiscal 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.