Principal Financial Group Inc. Has $17.71 Million Holdings in Saia, Inc. $SAIA

Principal Financial Group Inc. decreased its stake in Saia, Inc. (NASDAQ:SAIA) by 2.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 59,162 shares of the transportation company’s stock after selling 1,225 shares during the quarter. Principal Financial Group Inc. owned approximately 0.22% of Saia worth $17,711,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. GHP Investment Advisors Inc. lifted its holdings in shares of Saia by 0.5% during the third quarter. GHP Investment Advisors Inc. now owns 8,182 shares of the transportation company’s stock valued at $2,449,000 after acquiring an additional 38 shares during the period. Boothbay Fund Management LLC lifted its holdings in Saia by 3.2% during the 2nd quarter. Boothbay Fund Management LLC now owns 1,401 shares of the transportation company’s stock valued at $384,000 after purchasing an additional 43 shares during the last quarter. CWM LLC lifted its holdings in Saia by 21.6% during the 2nd quarter. CWM LLC now owns 248 shares of the transportation company’s stock valued at $68,000 after purchasing an additional 44 shares during the last quarter. ProShare Advisors LLC lifted its holdings in Saia by 3.8% during the 2nd quarter. ProShare Advisors LLC now owns 1,238 shares of the transportation company’s stock valued at $339,000 after purchasing an additional 45 shares during the last quarter. Finally, Vident Advisory LLC grew its stake in Saia by 4.4% during the second quarter. Vident Advisory LLC now owns 1,075 shares of the transportation company’s stock worth $295,000 after buying an additional 45 shares during the last quarter.

Saia Trading Up 2.6%

NASDAQ SAIA opened at $415.46 on Monday. The company has a market capitalization of $11.07 billion, a PE ratio of 39.23 and a beta of 2.09. The stock has a 50-day simple moving average of $346.11 and a 200 day simple moving average of $313.79. 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 $511.00.

Insider Buying and Selling at Saia

In other Saia news, Director Donna E. Epps bought 422 shares of Saia stock in a transaction on 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 completion of the acquisition, the director owned 1,852 shares in the company, valued at approximately $514,115.20. The trade was a 29.51% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Raymond R. Ramu sold 1,000 shares of the business’s stock in a transaction dated 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 transaction, the vice president directly owned 4,902 shares of the company’s stock, valued at approximately $1,306,726.14. The trade was a 16.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

SAIA has been the subject of a number of research analyst reports. Raymond James Financial cut their target price on shares of Saia from $360.00 to $355.00 and set an “outperform” rating for the company in a research note on Tuesday, October 14th. Barclays lifted their price objective on Saia from $350.00 to $380.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. Benchmark restated a “buy” rating on shares of Saia in a report on Wednesday, December 3rd. Stifel Nicolaus lifted their price target on Saia from $343.00 to $371.00 and gave the company a “hold” rating in a report on Wednesday, January 21st. Finally, Rothschild & Co Redburn set a $262.00 price objective on shares of Saia in a report on Wednesday, November 26th. Ten research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $349.74.

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.