Congress Asset Management Co. Trims Stake in Saia, Inc. $SAIA

Congress Asset Management Co. lowered its position in Saia, Inc. (NASDAQ:SAIA) by 68.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 910 shares of the transportation company’s stock after selling 1,996 shares during the period. Congress Asset Management Co.’s holdings in Saia were worth $297,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of SAIA. State of Wyoming bought a new stake in shares of Saia during the third quarter worth $30,000. Allworth Financial LP boosted its stake in shares of Saia by 69.0% during the third quarter. Allworth Financial LP now owns 142 shares of the transportation company’s stock valued at $43,000 after purchasing an additional 58 shares during the period. Annis Gardner Whiting Capital Advisors LLC grew its holdings in shares of 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 worth $58,000 after purchasing an additional 192 shares during the last quarter. Danske Bank A S purchased a new stake in Saia in the 3rd quarter valued at about $60,000. Finally, Advisory Services Network LLC bought a new position in Saia in the 3rd quarter worth about $60,000.

Saia Trading Down 2.2%

SAIA opened at $336.78 on Friday. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.06. The firm has a market cap of $8.98 billion, a price-to-earnings ratio of 35.38, a PEG ratio of 1.86 and a beta of 2.04. Saia, Inc. has a 12 month low of $229.12 and a 12 month high of $430.11. The stock has a fifty day moving average price of $367.29 and a 200-day moving average price of $329.61.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data on Tuesday, February 10th. The transportation company reported $1.77 earnings per share 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 company had revenue of $789.95 million for the quarter, compared to the consensus estimate of $773.82 million. During the same period in the previous year, the business earned $2.84 EPS. Saia’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, equities research analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Insider Activity at Saia

In other Saia news, CFO Matthew J. Batteh sold 916 shares of Saia stock in a transaction on Friday, February 13th. The shares were sold at an average price of $389.03, for a total value of $356,351.48. Following the transaction, the chief financial officer directly owned 4,444 shares of the company’s stock, valued at approximately $1,728,849.32. The trade was a 17.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Frederick J. Holzgrefe III sold 4,775 shares of the company’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $388.80, for a total value of $1,856,520.00. Following the transaction, the chief executive officer directly owned 22,743 shares in the company, valued at approximately $8,842,478.40. The trade was a 17.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 15,533 shares of company stock valued at $6,015,055 over the last three months. Company insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

SAIA has been the topic of several research analyst reports. Evercore set a $435.00 price objective on Saia in a research note on Wednesday, February 11th. Citigroup lifted their target price on Saia from $431.00 to $442.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Wells Fargo & Company upped their target price on Saia from $310.00 to $395.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 11th. JPMorgan Chase & Co. raised their price target on Saia from $349.00 to $365.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Finally, Stifel Nicolaus set a $352.00 price objective on Saia in a report on Tuesday, March 10th. Nine analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $379.47.

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.