Capital Group Private Client Services Inc. Sells 32,117 Shares of Saia, Inc. $SAIA

Capital Group Private Client Services Inc. lowered its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 77.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,174 shares of the transportation company’s stock after selling 32,117 shares during the quarter. Capital Group Private Client Services Inc.’s holdings in Saia were worth $2,746,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. State of Wyoming bought a new stake in shares of Saia during the 3rd quarter valued at $30,000. Parkside Financial Bank & Trust increased its position in shares of Saia by 177.5% in 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 during the period. Annis Gardner Whiting Capital Advisors LLC increased its position 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 period. 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 purchasing an additional 46 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in Saia by 28.4% in the third quarter. UMB Bank n.a. now owns 298 shares of the transportation company’s stock valued at $89,000 after purchasing an additional 66 shares in the last quarter.

Saia Trading Down 3.5%

Shares of SAIA stock opened at $356.03 on Wednesday. Saia, Inc. has a twelve month low of $229.12 and a twelve month high of $430.11. The stock’s fifty day simple moving average is $373.32 and its 200 day simple moving average is $327.63. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $9.50 billion, a P/E ratio of 37.40, a P/E/G ratio of 1.97 and a beta of 2.04.

Saia (NASDAQ:SAIA) last posted its earnings results on Tuesday, February 10th. The transportation company reported $1.77 EPS for the quarter, missing the consensus estimate of $1.90 by ($0.13). The firm had revenue of $789.95 million during the quarter, compared to the consensus estimate of $773.82 million. Saia had a net margin of 7.89% and a return on equity of 9.86%. Saia’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 posted $2.84 earnings per share. As a group, sell-side analysts predict that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Insiders Place Their Bets

In other Saia news, CFO Matthew J. Batteh sold 1,110 shares of the business’s stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $375.71, for a total transaction of $417,038.10. Following the sale, the chief financial officer directly owned 5,360 shares of the company’s stock, valued at $2,013,805.60. The trade was a 17.16% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Patrick D. Sugar sold 2,706 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $386.74, for a total transaction of $1,046,518.44. Following the completion of the transaction, the executive vice president owned 9,121 shares of the company’s stock, valued at approximately $3,527,455.54. This trade represents a 22.88% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 15,533 shares of company stock worth $6,015,055 over the last quarter. 0.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on SAIA. Susquehanna downgraded shares of Saia from a “positive” rating to a “neutral” rating and increased their price objective for the stock from $390.00 to $425.00 in a research note on Wednesday, February 11th. Bank of America boosted their target price on shares of Saia from $413.00 to $429.00 and gave the company a “neutral” rating in a research report on Tuesday, March 3rd. TD Cowen reaffirmed a “hold” rating on shares of Saia in a report on Friday, January 9th. Citigroup increased their price target on shares of Saia from $431.00 to $442.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Saia from $349.00 to $365.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Nine analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Saia currently 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.