Greenhouse Funds LLLP Boosts Stake in Saia, Inc. $SAIA

Greenhouse Funds LLLP raised its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 237.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 151,364 shares of the transportation company’s stock after purchasing an additional 106,555 shares during the period. Saia accounts for about 1.7% of Greenhouse Funds LLLP’s investment portfolio, making the stock its 28th biggest holding. Greenhouse Funds LLLP owned approximately 0.57% of Saia worth $41,472,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in SAIA. CWM LLC grew its stake in shares of 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 acquiring an additional 44 shares during the period. ProShare Advisors LLC boosted its position in shares of Saia by 3.8% in 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 during the period. Cresset Asset Management LLC increased its stake in shares of Saia by 3.8% in the first quarter. Cresset Asset Management LLC now owns 1,268 shares of the transportation company’s stock worth $443,000 after purchasing an additional 47 shares in the last quarter. DAVENPORT & Co LLC raised its position in shares of Saia by 1.6% during the 2nd quarter. DAVENPORT & Co LLC now owns 3,456 shares of the transportation company’s stock valued at $947,000 after purchasing an additional 54 shares during the period. Finally, Mattson Financial Services LLC lifted its stake in shares of Saia by 17.5% during the 1st quarter. Mattson Financial Services LLC now owns 382 shares of the transportation company’s stock valued at $133,000 after buying an additional 57 shares in the last quarter.

Insider Buying and Selling at Saia

In other news, Director Donna E. Epps purchased 422 shares of the business’s stock in a transaction that occurred on Wednesday, November 26th. The shares were bought at an average cost of $277.60 per share, for a total transaction of $117,147.20. Following the acquisition, the director owned 1,852 shares of the company’s stock, valued at approximately $514,115.20. This trade represents a 29.51% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP Raymond R. Ramu sold 1,000 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $266.57, for a total transaction of $266,570.00. Following the completion of the sale, the vice president directly owned 4,902 shares in the company, valued at $1,306,726.14. This trade represents a 16.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 0.30% of the company’s stock.

Saia Price Performance

NASDAQ:SAIA opened at $314.50 on Wednesday. The firm has a market capitalization of $8.38 billion, a price-to-earnings ratio of 29.04, a PEG ratio of 12.90 and a beta of 2.07. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.49 and a quick ratio of 1.49. The business has a 50 day simple moving average of $289.31 and a 200-day simple moving average of $289.55. Saia, Inc. has a 1 year low of $229.12 and a 1 year high of $553.00.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Thursday, October 30th. The transportation company reported $2.81 earnings per share for the quarter, beating the consensus estimate of $2.53 by $0.28. The company had revenue of $839.64 million for the quarter, compared to analyst estimates of $824.06 million. Saia had a return on equity of 12.42% and a net margin of 8.96%.Saia’s quarterly revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.46 EPS. Equities analysts forecast that Saia, Inc. will post 15.46 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts have commented on SAIA shares. Benchmark reissued a “buy” rating and set a $360.00 price target on shares of Saia in a report on Thursday, September 25th. Susquehanna set a $350.00 target price on Saia in a research note on Friday, October 31st. Redburn Partners set a $262.00 price target on Saia in a research note on Wednesday, November 26th. Evercore ISI reduced their price objective on shares of Saia from $328.00 to $319.00 and set an “outperform” rating on the stock in a research report on Friday, October 31st. Finally, Raymond James Financial lowered their target price on shares of Saia from $360.00 to $355.00 and set an “outperform” rating on the stock in a report on Tuesday, October 14th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and thirteen have assigned a Hold rating to the stock. Based on data from MarketBeat, Saia has an average rating of “Moderate Buy” and a consensus target price of $330.10.

Saia Profile

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.