Saia, Inc. $SAIA Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC lowered its position in Saia, Inc. (NASDAQ:SAIA) by 48.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,669 shares of the transportation company’s stock after selling 1,551 shares during the quarter. DAVENPORT & Co LLC’s holdings in Saia were worth $545,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of SAIA. State of Wyoming acquired a new position in shares of Saia in the 3rd quarter valued at $30,000. Allworth Financial LP raised its position in Saia by 69.0% in the 3rd 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 last quarter. Annis Gardner Whiting Capital Advisors LLC boosted its stake in Saia by 6,400.0% during the 3rd 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. Danske Bank A S acquired a new stake in Saia during the 3rd quarter worth $60,000. Finally, Advisory Services Network LLC purchased a new position in Saia during the 3rd quarter worth $60,000.

Saia Stock Performance

Shares of SAIA opened at $351.28 on Wednesday. The stock has a market capitalization of $9.37 billion, a P/E ratio of 36.90, a P/E/G ratio of 1.82 and a beta of 2.04. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.64 and a current ratio of 1.64. Saia, Inc. has a 1 year low of $229.12 and a 1 year high of $430.11. The company’s fifty day moving average is $366.88 and its two-hundred day moving average is $330.50.

Saia (NASDAQ:SAIA) last released 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 analyst estimates of $773.82 million. Saia had a return on equity of 9.86% and a net margin of 7.89%.The firm’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the business posted $2.84 EPS. On average, sell-side analysts predict that Saia, Inc. will post 15.46 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on SAIA shares. UBS Group restated a “buy” rating and issued a $493.00 price objective on shares of Saia in a research note on Wednesday, February 11th. Wells Fargo & Company increased their target price on shares of Saia from $310.00 to $395.00 and gave the stock an “equal weight” rating in a research note on Wednesday, February 11th. Stifel Nicolaus set a $352.00 price target on Saia in a report on Tuesday, March 10th. BMO Capital Markets set a $425.00 price target on Saia in a research report on Thursday, February 19th. Finally, Wolfe Research reaffirmed a “peer perform” rating on shares of Saia in a research note on Thursday, January 8th. Nine research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Saia has a consensus rating of “Hold” and a consensus target price of $379.47.

Insider Activity

In related news, CAO Kelly W. Benton sold 800 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $389.00, for a total value of $311,200.00. Following the completion of the sale, the chief accounting officer owned 3,157 shares in the company, valued at $1,228,073. This trade represents a 20.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Raymond R. Ramu sold 5,226 shares of Saia stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $387.95, for a total value of $2,027,426.70. Following the completion of the sale, the vice president directly owned 3,631 shares in the company, valued at $1,408,646.45. This represents a 59.00% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 15,533 shares of company stock valued at $6,015,055 over the last ninety days. 0.30% of the stock is currently owned by company insiders.

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.