Citigroup Inc. Has $32.49 Million Stock Position in Saia, Inc. $SAIA

Citigroup Inc. cut its position in Saia, Inc. (NASDAQ:SAIA) by 15.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 108,527 shares of the transportation company’s stock after selling 20,193 shares during the period. Citigroup Inc. owned 0.41% of Saia worth $32,489,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SAIA. Viking Global Investors LP bought a new position in shares of Saia in the 2nd quarter worth $226,770,000. Norges Bank acquired a new position in Saia during the second quarter worth $103,599,000. Wasatch Advisors LP lifted its stake in shares of Saia by 25.3% in the second quarter. Wasatch Advisors LP now owns 825,687 shares of the transportation company’s stock valued at $226,230,000 after buying an additional 166,486 shares in the last quarter. Neuberger Berman Group LLC increased its position in shares of Saia by 403.3% during the second quarter. Neuberger Berman Group LLC now owns 181,583 shares of the transportation company’s stock worth $49,752,000 after acquiring an additional 145,506 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of Saia in the 2nd quarter worth about $30,021,000.

Insider Activity

In other news, CEO Frederick J. Holzgrefe III sold 4,775 shares of Saia stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $388.80, for a total value of $1,856,520.00. Following the completion of the transaction, the chief executive officer owned 22,743 shares in the company, valued at $8,842,478.40. This trade represents a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Raymond R. Ramu sold 5,226 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $387.95, for a total transaction of $2,027,426.70. Following the sale, the vice president owned 3,631 shares in the company, valued at $1,408,646.45. The trade was a 59.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 15,533 shares of company stock valued at $6,015,055. 0.30% of the stock is currently owned by corporate insiders.

Saia Price Performance

Shares of NASDAQ SAIA opened at $384.33 on Thursday. The company has a current ratio of 1.64, a quick ratio of 1.68 and a debt-to-equity ratio of 0.06. The stock has a fifty day simple moving average of $362.03 and a two-hundred day simple moving average of $321.74. Saia, Inc. has a 1-year low of $229.12 and a 1-year high of $430.35. The firm has a market cap of $10.24 billion, a price-to-earnings ratio of 40.37, a price-to-earnings-growth ratio of 2.15 and a beta of 2.09.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Tuesday, February 10th. The transportation company reported $1.77 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.13). Saia had a net margin of 7.89% and a return on equity of 9.86%. The firm had revenue of $789.95 million for the quarter, compared to analysts’ expectations of $773.82 million. During the same period in the prior year, the company earned $2.84 EPS. The firm’s quarterly revenue was up .1% on a year-over-year basis. Analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have commented on the company. Wolfe Research reissued a “peer perform” rating on shares of Saia in a report on Thursday, January 8th. Stifel Nicolaus upped their price target on Saia from $343.00 to $371.00 and gave the stock a “hold” rating in a report on Wednesday, January 21st. JPMorgan Chase & Co. raised their price objective on Saia from $349.00 to $365.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Bank of America set a $413.00 target price on shares of Saia and gave the stock a “neutral” rating in a research note on Tuesday, February 10th. Finally, The Goldman Sachs Group reiterated a “buy” rating and issued a $403.00 target price on shares of Saia in a report on Tuesday, February 10th. Nine equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus 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.