Saia, Inc. $SAIA Shares Sold by Congress Asset Management Co.

Congress Asset Management Co. trimmed its position in Saia, Inc. (NASDAQ:SAIA) by 68.7% in the 4th quarter, HoldingsChannel reports. The firm owned 910 shares of the transportation company’s stock after selling 1,996 shares during the quarter. Congress Asset Management Co.’s holdings in Saia were worth $297,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in SAIA. State of Wyoming acquired a new stake in shares of Saia in the third quarter worth $30,000. Allworth Financial LP lifted its position in Saia by 69.0% during the third quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 58 shares during the period. 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 purchasing an additional 192 shares during the last quarter. Danske Bank A S purchased a new stake in Saia in the third quarter valued at $60,000. Finally, Advisory Services Network LLC acquired a new stake in Saia during the 3rd quarter worth about $60,000.

Analyst Ratings Changes

SAIA has been the subject of a number of recent research reports. The Goldman Sachs Group reiterated a “buy” rating and set a $403.00 price objective on shares of Saia in a research note on Tuesday, February 10th. Wall Street Zen lowered Saia from a “hold” rating to a “sell” rating in a report on Sunday, February 15th. Benchmark lifted their price target on Saia from $360.00 to $400.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Bank of America boosted their price target on Saia from $413.00 to $429.00 and gave the company a “neutral” rating in a report on Tuesday, March 3rd. Finally, BMO Capital Markets set a $425.00 price objective on Saia in a research report on Thursday, February 19th. Nine research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Saia has a consensus rating of “Hold” and a consensus price target of $379.47.

Saia Trading Down 2.2%

Shares of Saia stock opened at $336.78 on Friday. The firm has a 50-day simple moving average of $367.29 and a two-hundred day simple moving average of $329.61. 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 company has a market cap of $8.98 billion, a P/E ratio of 35.38, a price-to-earnings-growth ratio of 1.86 and a beta of 2.04.

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

Insider Activity at Saia

In other news, EVP Patrick D. Sugar sold 2,706 shares of the business’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $386.74, for a total value of $1,046,518.44. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Matthew J. Batteh sold 1,110 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $375.71, for a total value of $417,038.10. Following the transaction, the chief financial officer directly owned 5,360 shares of the company’s stock, valued at approximately $2,013,805.60. The trade was a 17.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 15,533 shares of company stock valued at $6,015,055 in the last ninety days. 0.30% of the stock is currently owned by company insiders.

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.