SG Americas Securities LLC Purchases 14,981 Shares of Saia, Inc. $SAIA

SG Americas Securities LLC grew its position in Saia, Inc. (NASDAQ:SAIA) by 309.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 19,817 shares of the transportation company’s stock after purchasing an additional 14,981 shares during the period. SG Americas Securities LLC’s holdings in Saia were worth $6,471,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Wilson Asset Management International PTY Ltd. purchased a new stake in Saia in the 3rd quarter valued at about $1,538,000. Stephens Investment Management Group LLC boosted its stake in shares of Saia by 3.7% in the 3rd quarter. Stephens Investment Management Group LLC now owns 117,946 shares of the transportation company’s stock worth $35,308,000 after buying an additional 4,155 shares during the last quarter. Voya Investment Management LLC grew its holdings in shares of Saia by 35.1% in the third quarter. Voya Investment Management LLC now owns 220,456 shares of the transportation company’s stock valued at $65,996,000 after acquiring an additional 57,307 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Saia in the second quarter valued at approximately $5,115,000. Finally, Westfield Capital Management Co. LP increased its position in shares of Saia by 31.7% during the third quarter. Westfield Capital Management Co. LP now owns 227,908 shares of the transportation company’s stock valued at $68,227,000 after acquiring an additional 54,813 shares during the last quarter.

Insider Transactions at Saia

In related news, CAO Kelly W. Benton sold 800 shares of the firm’s stock in a transaction that occurred on 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 transaction, the chief accounting officer directly owned 3,157 shares of the company’s stock, valued at approximately $1,228,073. This trade represents a 20.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Matthew J. Batteh sold 1,110 shares of Saia 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 completion of the transaction, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 15,533 shares of company stock valued at $6,015,055. 0.30% of the stock is currently owned by insiders.

Saia Stock Up 4.5%

SAIA stock opened at $351.28 on Wednesday. The stock has a fifty day moving average of $366.88 and a 200-day moving average of $330.50. 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 capitalization of $9.37 billion, a price-to-earnings ratio of 36.90, a PEG 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 (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). 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%. The company’s revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.84 earnings per share. As a group, equities research analysts predict that Saia, Inc. will post 15.46 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Stephens lifted their price target on Saia from $414.00 to $445.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. BMO Capital Markets set a $425.00 target price on Saia in a research report on Thursday, February 19th. Wall Street Zen cut Saia from a “hold” rating to a “sell” rating in a research note on Sunday, February 15th. TD Cowen reissued a “hold” rating on shares of Saia in a report on Friday, January 9th. Finally, Morgan Stanley lowered shares of Saia from an “equal weight” rating to an “underweight” rating and set a $250.00 price target for the company. in a research report on Tuesday, February 10th. 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. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $379.47.

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.