Saia, Inc. (NASDAQ:SAIA) Stake Boosted by Principal Financial Group Inc.

Principal Financial Group Inc. grew its stake in shares of Saia, Inc. (NASDAQ:SAIAGet Rating) by 14.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 105,370 shares of the transportation company’s stock after acquiring an additional 13,550 shares during the period. Principal Financial Group Inc. owned 0.40% of Saia worth $19,809,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Northwestern Mutual Investment Management Company LLC grew its holdings in shares of Saia by 1.1% during the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 4,421 shares of the transportation company’s stock valued at $831,000 after acquiring an additional 47 shares in the last quarter. Cresset Asset Management LLC lifted its stake in shares of Saia by 6.0% in the 1st quarter. Cresset Asset Management LLC now owns 907 shares of the transportation company’s stock valued at $221,000 after purchasing an additional 51 shares during the last quarter. Mackenzie Financial Corp lifted its stake in shares of Saia by 4.1% in the 1st quarter. Mackenzie Financial Corp now owns 1,510 shares of the transportation company’s stock valued at $368,000 after purchasing an additional 60 shares during the last quarter. Janiczek Wealth Management LLC lifted its stake in shares of Saia by 107.7% in the 2nd quarter. Janiczek Wealth Management LLC now owns 135 shares of the transportation company’s stock valued at $32,000 after purchasing an additional 70 shares during the last quarter. Finally, Van ECK Associates Corp lifted its stake in shares of Saia by 10.9% in the 2nd quarter. Van ECK Associates Corp now owns 756 shares of the transportation company’s stock valued at $142,000 after purchasing an additional 74 shares during the last quarter.

Analyst Upgrades and Downgrades

SAIA has been the subject of several analyst reports. Susquehanna lifted their price objective on shares of Saia from $265.00 to $270.00 in a research note on Thursday, July 28th. Morgan Stanley reduced their price objective on shares of Saia from $195.00 to $185.00 and set an “underweight” rating for the company in a research note on Monday, October 3rd. Raymond James reduced their price objective on shares of Saia from $245.00 to $235.00 and set an “outperform” rating for the company in a research note on Friday, October 14th. Stifel Nicolaus reduced their price objective on shares of Saia from $238.00 to $229.00 in a research note on Thursday, July 28th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Saia from $245.00 to $281.00 and gave the stock a “buy” rating in a research report on Monday, November 14th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, Saia presently has an average rating of “Moderate Buy” and an average target price of $254.53.

Insider Activity

In other news, Director Di-Ann Eisnor sold 456 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $224.04, for a total transaction of $102,162.24. Following the completion of the transaction, the director now owns 5,835 shares of the company’s stock, valued at $1,307,273.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is owned by company insiders.

Saia Stock Down 0.7 %

Shares of SAIA opened at $234.82 on Tuesday. The company has a 50-day simple moving average of $205.12 and a 200-day simple moving average of $206.52. The firm has a market capitalization of $6.21 billion, a P/E ratio of 17.38, a P/E/G ratio of 1.03 and a beta of 1.38. The company has a debt-to-equity ratio of 0.01, a quick ratio of 1.63 and a current ratio of 1.63. Saia, Inc. has a 52 week low of $168.03 and a 52 week high of $361.39.

Saia Company 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.

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Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

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