WCM Investment Management LLC Trims Stock Position in Saia, Inc. $SAIA

WCM Investment Management LLC decreased its stake in Saia, Inc. (NASDAQ:SAIA) by 3.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 67,820 shares of the transportation company’s stock after selling 2,552 shares during the quarter. WCM Investment Management LLC owned approximately 0.25% of Saia worth $19,983,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of SAIA. Parkside Financial Bank & Trust lifted its holdings in Saia by 177.5% in the second quarter. Parkside Financial Bank & Trust now owns 111 shares of the transportation company’s stock valued at $30,000 after acquiring an additional 71 shares during the period. State of Wyoming purchased a new position in shares of Saia during the 3rd quarter valued at approximately $30,000. AlphaQuest LLC acquired a new position in shares of Saia in the 2nd quarter valued at $41,000. Blue Trust Inc. lifted its stake in shares of Saia by 52.9% in the 2nd quarter. Blue Trust Inc. now owns 208 shares of the transportation company’s stock valued at $57,000 after purchasing an additional 72 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC boosted its holdings in Saia by 6,400.0% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 195 shares of the transportation company’s stock worth $58,000 after buying an additional 192 shares in the last quarter.

Insiders Place Their Bets

In other news, VP Raymond R. Ramu sold 1,000 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $266.57, for a total value of $266,570.00. Following the completion of the sale, the vice president owned 4,902 shares of the company’s stock, valued at $1,306,726.14. This represents a 16.94% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Donna E. Epps purchased 422 shares of Saia stock in a transaction dated Wednesday, November 26th. The shares were purchased at an average cost of $277.60 per share, for a total transaction of $117,147.20. Following the transaction, the director owned 1,852 shares in the company, valued at approximately $514,115.20. This trade represents a 29.51% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.30% of the stock is owned by company insiders.

Saia Stock Up 9.8%

Shares of NASDAQ SAIA opened at $367.75 on Tuesday. The stock has a market cap of $9.80 billion, a PE ratio of 34.73 and a beta of 2.09. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.09. Saia, Inc. has a 12-month low of $229.12 and a 12-month high of $538.03. The company has a 50-day moving average of $336.51 and a 200 day moving average of $310.91.

Analyst Upgrades and Downgrades

SAIA has been the subject of a number of recent analyst reports. Bank of America lifted their price objective on shares of Saia from $322.00 to $367.00 and gave the company a “neutral” rating in a report on Wednesday, December 17th. Benchmark restated a “buy” rating on shares of Saia in a research note on Wednesday, December 3rd. Wall Street Zen cut Saia from a “hold” rating to a “sell” rating in a report on Saturday, December 20th. Redburn Partners set a $262.00 price target on Saia in a research report on Wednesday, November 26th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Saia in a research report on Monday, December 29th. Ten research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $345.35.

About Saia

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.