Wilson Asset Management International PTY Ltd. Makes New $1.54 Million Investment in Saia, Inc. $SAIA

Wilson Asset Management International PTY Ltd. purchased a new stake in Saia, Inc. (NASDAQ:SAIA) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,138 shares of the transportation company’s stock, valued at approximately $1,538,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in SAIA. Parkside Financial Bank & Trust grew its holdings in Saia by 177.5% in 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 in the last quarter. State of Wyoming purchased a new position in shares of Saia during the 3rd quarter worth $30,000. AlphaQuest LLC acquired a new position in shares of Saia during the 2nd quarter valued at about $41,000. Blue Trust Inc. grew its holdings in shares of Saia by 52.9% in the second quarter. Blue Trust Inc. now owns 208 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 72 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of 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 purchasing an additional 192 shares during the period.

Analyst Ratings Changes

SAIA has been the topic of a number of analyst reports. Wolfe Research reaffirmed a “peer perform” rating on shares of Saia in a research note on Thursday, January 8th. TD Cowen restated a “hold” rating on shares of Saia in a report on Friday, January 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Saia in a report on Monday, December 29th. Stephens raised Saia from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $308.00 to $414.00 in a research note on Tuesday, January 6th. Finally, Benchmark restated a “buy” rating on shares of Saia in a research report on Wednesday, December 3rd. Ten research analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $349.74.

Insider Transactions at Saia

In related news, VP Raymond R. Ramu sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $266.57, for a total transaction of $266,570.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Donna E. Epps bought 422 shares of the company’s stock in a transaction on Wednesday, November 26th. The stock was purchased at an average cost of $277.60 per share, with a total value of $117,147.20. Following the completion of the transaction, the director owned 1,852 shares in the company, valued at $514,115.20. This represents a 29.51% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.30% of the company’s stock.

Saia Trading Up 2.6%

SAIA opened at $415.46 on Monday. Saia, Inc. has a 52 week low of $229.12 and a 52 week high of $511.00. The business has a fifty day simple moving average of $346.11 and a 200-day simple moving average of $313.79. The firm has a market cap of $11.07 billion, a P/E ratio of 39.23 and a beta of 2.09. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.09.

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.