Gradient Investments LLC grew its stake in Saia, Inc. (NASDAQ:SAIA – Get Rating) by 7.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,889 shares of the transportation company's stock after buying an additional 1,818 shares during the period. Gradient Investments LLC owned 0.10% of Saia worth $4,867,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. American Century Companies Inc. increased its stake in shares of Saia by 22.2% in the first quarter. American Century Companies Inc. now owns 80,413 shares of the transportation company's stock valued at $19,606,000 after buying an additional 14,582 shares during the period. Fifth Third Bancorp increased its stake in shares of Saia by 14.8% in the first quarter. Fifth Third Bancorp now owns 2,215 shares of the transportation company's stock valued at $540,000 after buying an additional 285 shares during the period. Congress Asset Management Co. MA increased its stake in shares of Saia by 21,243.8% in the first quarter. Congress Asset Management Co. MA now owns 451,207 shares of the transportation company's stock valued at $110,013,000 after buying an additional 449,093 shares during the period. YorkBridge Wealth Partners LLC acquired a new stake in shares of Saia in the first quarter valued at about $304,000. Finally, GSA Capital Partners LLP increased its stake in shares of Saia by 48.0% in the fourth quarter. GSA Capital Partners LLP now owns 2,216 shares of the transportation company's stock valued at $747,000 after buying an additional 719 shares during the period.
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Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on SAIA. Stifel Nicolaus decreased their price target on Saia from $238.00 to $229.00 in a research note on Thursday, July 28th. Susquehanna raised their target price on Saia from $265.00 to $270.00 in a research note on Thursday, July 28th. Susquehanna Bancshares raised their target price on Saia from $265.00 to $270.00 in a research note on Thursday, July 28th. UBS Group raised Saia from a "neutral" rating to a "buy" rating and raised their target price for the stock from $213.00 to $240.00 in a research note on Monday, May 23rd. Finally, The Goldman Sachs Group decreased their target price on Saia from $291.00 to $257.00 and set a "neutral" rating for the company in a research note on Tuesday, June 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $267.71.
Insider Activity
In other news, VP Raymond R. Ramu sold 13,474 shares of the firm's stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $247.58, for a total value of $3,335,892.92. Following the transaction, the vice president now owns 3,279 shares in the company, valued at $811,814.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP Raymond R. Ramu sold 13,474 shares of the firm's stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $247.58, for a total value of $3,335,892.92. Following the transaction, the vice president now owns 3,279 shares in the company, valued at $811,814.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frederick J. Holzgrefe III sold 13,983 shares of the firm's stock in a transaction that occurred on Thursday, August 4th. The shares were sold at an average price of $240.17, for a total value of $3,358,297.11. Following the completion of the transaction, the chief executive officer now owns 14,623 shares in the company, valued at approximately $3,512,005.91. The disclosure for this sale can be found here. Insiders have sold 40,301 shares of company stock worth $9,727,819 over the last 90 days. 0.50% of the stock is currently owned by corporate insiders.
Saia Stock Down 2.3 %
Shares of NASDAQ:SAIA opened at $185.17 on Monday. The business's 50 day simple moving average is $217.96 and its two-hundred day simple moving average is $216.50. The firm has a market cap of $4.89 billion, a P/E ratio of 14.44, a PEG ratio of 0.68 and a beta of 1.44. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.58 and a current ratio of 1.58. Saia, Inc. has a 52-week low of $168.03 and a 52-week high of $365.50.
Saia (NASDAQ:SAIA – Get Rating) last posted its earnings results on Wednesday, July 27th. The transportation company reported $4.10 earnings per share for the quarter, beating analysts' consensus estimates of $3.48 by $0.62. Saia had a return on equity of 26.79% and a net margin of 12.96%. The company had revenue of $745.55 million for the quarter, compared to analyst estimates of $731.26 million. During the same quarter last year, the company earned $2.34 earnings per share. The company's revenue for the quarter was up 30.5% on a year-over-year basis. As a group, research analysts forecast that Saia, Inc. will post 13.81 EPS for the current fiscal year.
Saia Profile
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Saia, Inc, through its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 400 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. As of December 31, 2021, it operated 176 owned and leased facilities; and owned approximately 5,600 tractors and 19,300 trailers.
Further Reading
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