Saia, Inc. $SAIA Shares Sold by F m Investments LLC

F m Investments LLC lessened its stake in Saia, Inc. (NASDAQ:SAIA) by 52.6% in the 4th quarter, Holdings Channel reports. The firm owned 6,622 shares of the transportation company’s stock after selling 7,352 shares during the period. F m Investments LLC’s holdings in Saia were worth $2,162,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in SAIA. AQR Capital Management LLC increased its holdings in Saia by 52.4% in the 1st quarter. AQR Capital Management LLC now owns 1,781 shares of the transportation company’s stock valued at $622,000 after purchasing an additional 612 shares during the last quarter. Jones Financial Companies Lllp boosted its position in Saia by 334.3% in the 1st quarter. Jones Financial Companies Lllp now owns 873 shares of the transportation company’s stock valued at $305,000 after buying an additional 672 shares during the period. California Public Employees Retirement System boosted its position in Saia by 4.3% in the 2nd quarter. California Public Employees Retirement System now owns 32,543 shares of the transportation company’s stock valued at $8,916,000 after buying an additional 1,356 shares during the period. Qube Research & Technologies Ltd purchased a new position in Saia in the 2nd quarter valued at approximately $11,599,000. Finally, Frontier Capital Management Co. LLC purchased a new position in Saia in the 2nd quarter valued at approximately $13,943,000.

Insider Activity

In related news, CFO Matthew J. Batteh sold 916 shares of Saia stock in a transaction on Friday, February 13th. The shares were sold at an average price of $389.03, for a total transaction of $356,351.48. Following the sale, the chief financial officer directly owned 4,444 shares in the company, valued at $1,728,849.32. This trade represents a 17.09% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Kelly W. Benton sold 800 shares of Saia stock in a transaction on Friday, February 13th. The stock was sold at an average price of $389.00, for a total transaction of $311,200.00. Following the sale, the chief accounting officer owned 3,157 shares in the company, valued at $1,228,073. This represents a 20.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 15,533 shares of company stock worth $6,015,055 over the last three months. Company insiders own 0.30% of the company’s stock.

Saia Price Performance

Saia stock opened at $449.80 on Friday. The stock has a market cap of $12.00 billion, a P/E ratio of 47.25, a price-to-earnings-growth ratio of 2.15 and a beta of 2.12. The company has a fifty day simple moving average of $384.48 and a 200-day simple moving average of $349.82. Saia, Inc. has a 12-month low of $248.37 and a 12-month high of $460.05. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.04.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 EPS for the quarter, topping the consensus estimate of $1.82 by $0.04. Saia had a net margin of 7.84% and a return on equity of 9.60%. The firm had revenue of $806.23 million for the quarter, compared to analyst estimates of $789.08 million. During the same period last year, the business earned $1.86 EPS. Saia’s revenue for the quarter was up 2.4% compared to the same quarter last year. Equities analysts expect that Saia, Inc. will post 11.36 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have commented on the stock. JPMorgan Chase & Co. raised their price target on shares of Saia from $402.00 to $465.00 and gave the company an “overweight” rating in a research report on Friday, May 1st. TD Cowen raised their price target on shares of Saia from $367.00 to $445.00 and gave the company a “hold” rating in a research report on Friday, May 1st. Stifel Nicolaus set a $450.00 price target on shares of Saia in a research report on Friday, May 1st. Citigroup raised their price target on shares of Saia from $428.00 to $516.00 and gave the company a “buy” rating in a research report on Monday, May 4th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $441.00 price target on shares of Saia in a research report on Thursday, April 30th. Ten investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $444.94.

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.