Jain Global LLC Has $10.12 Million Stock Holdings in Saia, Inc. $SAIA

Jain Global LLC lifted its holdings in Saia, Inc. (NASDAQ:SAIA) by 427.8% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 33,792 shares of the transportation company’s stock after purchasing an additional 27,390 shares during the quarter. Jain Global LLC’s holdings in Saia were worth $10,116,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Parallel Advisors LLC grew its holdings in Saia by 7.3% during the 3rd quarter. Parallel Advisors LLC now owns 532 shares of the transportation company’s stock worth $159,000 after acquiring an additional 36 shares during the last quarter. GHP Investment Advisors Inc. raised its stake in shares of Saia by 0.5% in the third quarter. GHP Investment Advisors Inc. now owns 8,182 shares of the transportation company’s stock worth $2,449,000 after acquiring an additional 38 shares during the last quarter. Boothbay Fund Management LLC raised its stake in shares of Saia by 3.2% in the second quarter. Boothbay Fund Management LLC now owns 1,401 shares of the transportation company’s stock worth $384,000 after acquiring an additional 43 shares during the last quarter. ProShare Advisors LLC lifted its position in shares of Saia by 3.8% during the second quarter. ProShare Advisors LLC now owns 1,238 shares of the transportation company’s stock worth $339,000 after purchasing an additional 45 shares in the last quarter. Finally, Sheets Smith Wealth Management lifted its position in shares of Saia by 1.7% during the third quarter. Sheets Smith Wealth Management now owns 2,632 shares of the transportation company’s stock worth $788,000 after purchasing an additional 45 shares in the last quarter.

Analyst Upgrades and Downgrades

SAIA has been the subject of a number of research reports. UBS Group reissued a “buy” rating and issued a $493.00 price target on shares of Saia in a report on Wednesday, February 11th. Evercore set a $435.00 price objective on Saia in a report on Wednesday, February 11th. Susquehanna lowered Saia from a “positive” rating to a “neutral” rating and increased their price objective for the company from $390.00 to $425.00 in a research report on Wednesday, February 11th. Morgan Stanley downgraded Saia from an “equal weight” rating to an “underweight” rating and set a $250.00 target price for the company. in a research report on Tuesday, February 10th. Finally, JPMorgan Chase & Co. upped 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. 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $379.47.

Saia Trading Up 2.1%

SAIA opened at $327.71 on Tuesday. The firm has a 50 day simple moving average of $372.57 and a 200 day simple moving average of $328.30. Saia, Inc. has a fifty-two week low of $229.12 and a fifty-two week high of $430.11. The company has a market cap of $8.74 billion, a price-to-earnings ratio of 34.42, a price-to-earnings-growth ratio of 1.73 and a beta of 2.04. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.64 and a quick ratio of 1.64.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Tuesday, February 10th. The transportation company reported $1.77 earnings per share (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 business had revenue of $789.95 million during the quarter, compared to the consensus estimate of $773.82 million. During the same period in the previous year, the business posted $2.84 earnings per share. Saia’s revenue was up .1% compared to the same quarter last year. On average, sell-side analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current year.

Insider Buying and Selling

In related news, EVP Patrick D. Sugar sold 2,706 shares of Saia stock in a transaction on Friday, February 13th. The stock was sold at an average price of $386.74, for a total transaction of $1,046,518.44. Following the completion of the sale, the executive vice president directly owned 9,121 shares of the company’s stock, valued at $3,527,455.54. The trade was a 22.88% 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, CFO Matthew J. Batteh sold 1,110 shares of the company’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $375.71, for a total value of $417,038.10. Following the completion of the sale, the chief financial officer owned 5,360 shares of the company’s stock, valued at $2,013,805.60. This represents a 17.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 15,533 shares of company stock worth $6,015,055 over the last 90 days. 0.30% of the stock is currently owned by corporate 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.