Saia, Inc. (NASDAQ:SAIA) Stake Boosted by Aviva PLC

Aviva PLC increased its position in shares of Saia, Inc. (NASDAQ:SAIA) by 18.7% during the 1st quarter, HoldingsChannel.com reports. The firm owned 5,189 shares of the transportation company’s stock after purchasing an additional 818 shares during the period. Aviva PLC’s holdings in Saia were worth $1,412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. OLD Mission Capital LLC bought a new position in Saia in the fourth quarter worth about $27,000. Signaturefd LLC lifted its stake in Saia by 80.3% in the first quarter. Signaturefd LLC now owns 110 shares of the transportation company’s stock valued at $30,000 after buying an additional 49 shares during the last quarter. Massmutual Trust Co. FSB ADV lifted its stake in Saia by 642.9% in the first quarter. Massmutual Trust Co. FSB ADV now owns 156 shares of the transportation company’s stock valued at $42,000 after buying an additional 135 shares during the last quarter. Eagle Bay Advisors LLC bought a new stake in Saia in the first quarter valued at $46,000. Finally, Belpointe Asset Management LLC bought a new stake in shares of Saia during the fourth quarter valued at approximately $63,000.

Insider Buying and Selling at Saia

In other Saia news, VP Raymond R. Ramu sold 2,040 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $421.75, for a total value of $860,370.00. Following the transaction, the vice president now owns 3,623 shares in the company, valued at approximately $1,528,000.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Saia news, VP Raymond R. Ramu sold 2,040 shares of the company’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $421.75, for a total value of $860,370.00. Following the transaction, the vice president now directly owns 3,623 shares of the company’s stock, valued at approximately $1,528,000.25. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Frederick J. Holzgrefe III sold 6,996 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $425.79, for a total value of $2,978,826.84. Following the completion of the transaction, the chief executive officer now directly owns 12,965 shares in the company, valued at $5,520,367.35. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,897 shares of company stock worth $5,488,713. 0.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Benchmark lifted their price target on Saia from $330.00 to $450.00 in a report on Monday, July 31st. Raymond James lifted their price objective on shares of Saia from $355.00 to $447.00 and gave the company an “outperform” rating in a research note on Monday, July 31st. SpectralCast reaffirmed an “upgrade” rating on shares of Saia in a research note on Tuesday, June 27th. Citigroup boosted their price objective on Saia from $367.00 to $470.00 and gave the stock a “neutral” rating in a research note on Monday, July 31st. Finally, StockNews.com started coverage on Saia in a research note on Thursday, August 17th. They set a “sell” rating for the company. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat, Saia presently has a consensus rating of “Hold” and an average target price of $375.25.

Saia Stock Up 0.6 %

SAIA stock opened at $438.04 on Friday. Saia, Inc. has a 52-week low of $176.70 and a 52-week high of $443.85. The company’s 50 day simple moving average is $401.61 and its 200-day simple moving average is $325.18. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.17 and a quick ratio of 2.17. The firm has a market capitalization of $11.62 billion, a P/E ratio of 34.79, a P/E/G ratio of 3.28 and a beta of 1.57.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, July 28th. The transportation company reported $3.42 earnings per share for the quarter, beating the consensus estimate of $3.25 by $0.17. The firm had revenue of $694.62 million for the quarter, compared to analyst estimates of $700.31 million. Saia had a return on equity of 20.74% and a net margin of 12.27%. As a group, equities research analysts anticipate that Saia, Inc. will post 12.52 EPS for the current year.

Saia Company Profile

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. As of December 31, 2022, it operated 191 owned and leased facilities; and owned approximately 6,200 tractors and 20,800 trailers.