Saia, Inc. $SAIA Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its position in shares of Saia, Inc. (NASDAQ:SAIA) by 3.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 146,995 shares of the transportation company’s stock after selling 5,452 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Saia were worth $49,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. State of Wyoming purchased a new stake in shares of Saia during the 3rd quarter valued at approximately $30,000. Allworth Financial LP increased its stake in Saia by 69.0% during the third quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock worth $43,000 after acquiring an additional 58 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its position 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 period. 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 position in shares of Saia in the 3rd quarter valued at $60,000.

Analyst Upgrades and Downgrades

SAIA has been the subject of a number of research analyst reports. Stephens increased their price target on Saia from $414.00 to $445.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Evercore set a $435.00 price objective on shares of Saia in a report on Wednesday, February 11th. UBS Group reaffirmed a “buy” rating and issued a $493.00 target price on shares of Saia in a research report on Wednesday, February 11th. Morgan Stanley lowered shares of Saia from an “equal weight” rating to an “underweight” rating and set a $250.00 target price for the company. in a research note on Tuesday, February 10th. Finally, Wolfe Research reiterated a “peer perform” rating on shares of Saia in a research report on Thursday, January 8th. 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, the stock currently has an average rating of “Hold” and a consensus price target of $379.47.

Saia Price Performance

SAIA stock opened at $354.88 on Thursday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.06. The company has a market capitalization of $9.46 billion, a PE ratio of 37.28, a P/E/G ratio of 1.89 and a beta of 2.04. Saia, Inc. has a 12-month low of $229.12 and a 12-month high of $430.11. The business’s fifty day moving average price is $366.78 and its 200 day moving average price is $330.67.

Saia (NASDAQ:SAIA) last announced 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). The firm had revenue of $789.95 million for the quarter, compared to analysts’ expectations of $773.82 million. Saia had a net margin of 7.89% and a return on equity of 9.86%. The business’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the business earned $2.84 earnings per share. On average, sell-side analysts anticipate that Saia, Inc. will post 15.46 EPS for the current year.

Insider Buying and Selling at Saia

In other news, 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 completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Kelly W. Benton sold 800 shares of Saia stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $389.00, for a total transaction of $311,200.00. Following the completion of the transaction, the chief accounting officer owned 3,157 shares of the company’s stock, valued at $1,228,073. This trade represents a 20.22% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 15,533 shares of company stock valued at $6,015,055. Corporate insiders own 0.30% of the company’s stock.

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.