Channing Capital Management LLC Invests $8.48 Million in Saia, Inc. $SAIA

Channing Capital Management LLC bought a new stake in Saia, Inc. (NASDAQ:SAIA) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 28,325 shares of the transportation company’s stock, valued at approximately $8,479,000. Channing Capital Management LLC owned approximately 0.11% of Saia as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. State of Wyoming purchased a new stake in shares of Saia in the 3rd quarter valued at approximately $30,000. Parkside Financial Bank & Trust grew its stake in shares of Saia by 177.5% during the second quarter. Parkside Financial Bank & Trust now owns 111 shares of the transportation company’s stock worth $30,000 after purchasing an additional 71 shares in the last quarter. AlphaQuest LLC purchased a new position in Saia in the second quarter valued at $41,000. Annis Gardner Whiting Capital Advisors LLC increased its holdings 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 buying an additional 192 shares during the last quarter. Finally, HM Payson & Co. raised its stake in Saia by 28.9% in the third quarter. HM Payson & Co. now owns 205 shares of the transportation company’s stock valued at $61,000 after buying an additional 46 shares in the last quarter.

Insider Activity at Saia

In related news, CAO Kelly W. Benton sold 800 shares of Saia stock in a transaction on Friday, February 13th. The stock was 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 directly owned 3,157 shares of the company’s stock, valued at approximately $1,228,073. The trade was a 20.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Matthew J. Batteh sold 916 shares of the business’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $389.03, for a total value of $356,351.48. Following the sale, the chief financial officer owned 4,444 shares in the company, valued at approximately $1,728,849.32. The trade was a 17.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 15,533 shares of company stock worth $6,015,055. 0.30% of the stock is currently owned by company insiders.

Saia Price Performance

Shares of NASDAQ SAIA opened at $411.63 on Friday. The firm has a market capitalization of $10.97 billion, a P/E ratio of 43.24, a PEG ratio of 2.20 and a beta of 2.09. Saia, Inc. has a one year low of $229.12 and a one year high of $450.24. The company’s fifty day moving average is $358.52 and its two-hundred day moving average is $319.50. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.68 and a current ratio of 1.64.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Tuesday, February 10th. The transportation company reported $1.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.13). The company had revenue of $789.95 million during 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 for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.84 EPS. Analysts forecast that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SAIA. Stephens upped their price objective on Saia from $414.00 to $445.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. Evercore set a $435.00 target price on Saia in a report on Wednesday, February 11th. TD Cowen reaffirmed a “hold” rating on shares of Saia in a report on Friday, January 9th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $403.00 price objective on shares of Saia in a research note on Tuesday, February 10th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Saia in a research report on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Saia has an average rating of “Hold” and an average target price of $379.63.

Saia Company 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.