Primecap Management Co. CA Acquires 4,900 Shares of Saia, Inc. $SAIA

Primecap Management Co. CA increased its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 9.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 54,420 shares of the transportation company’s stock after buying an additional 4,900 shares during the quarter. Primecap Management Co. CA’s holdings in Saia were worth $16,291,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in SAIA. GHP Investment Advisors Inc. grew its holdings in shares of Saia by 0.5% during the 3rd quarter. GHP Investment Advisors Inc. now owns 8,182 shares of the transportation company’s stock worth $2,449,000 after purchasing an additional 38 shares in the last quarter. Boothbay Fund Management LLC lifted its position in Saia by 3.2% during the second quarter. Boothbay Fund Management LLC now owns 1,401 shares of the transportation company’s stock worth $384,000 after purchasing an additional 43 shares during the period. CWM LLC grew its stake in Saia by 21.6% during the second quarter. CWM LLC now owns 248 shares of the transportation company’s stock worth $68,000 after buying an additional 44 shares in the last quarter. ProShare Advisors LLC increased its holdings in Saia by 3.8% in the 2nd quarter. ProShare Advisors LLC now owns 1,238 shares of the transportation company’s stock valued at $339,000 after buying an additional 45 shares during the period. Finally, Sheets Smith Wealth Management raised its position in shares of Saia by 1.7% in the 3rd quarter. Sheets Smith Wealth Management now owns 2,632 shares of the transportation company’s stock valued at $788,000 after buying an additional 45 shares in the last quarter.

Insider Transactions at Saia

In other Saia news, EVP Patrick D. Sugar sold 2,706 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $386.74, for a total value of $1,046,518.44. Following the sale, the executive vice president owned 9,121 shares in the company, valued at approximately $3,527,455.54. The trade was a 22.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Frederick J. Holzgrefe III sold 4,775 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $388.80, for a total value of $1,856,520.00. Following the transaction, the chief executive officer owned 22,743 shares of the company’s stock, valued at $8,842,478.40. This trade represents a 17.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 15,533 shares of company stock worth $6,015,055. 0.30% of the stock is currently owned by insiders.

Saia Trading Up 0.3%

SAIA opened at $405.39 on Friday. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.64 and a quick ratio of 1.68. Saia, Inc. has a fifty-two week low of $229.12 and a fifty-two week high of $420.09. The company’s 50 day moving average price is $365.23 and its two-hundred day moving average price is $323.17. The firm has a market capitalization of $10.81 billion, a price-to-earnings ratio of 42.58, a PEG ratio of 2.16 and a beta of 2.09.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Tuesday, February 10th. The transportation company reported $1.77 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.13). The business had revenue of $789.95 million for 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%.Saia’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the firm posted $2.84 EPS. As a group, research 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 recently issued reports on SAIA shares. Stephens lifted their price objective on shares of Saia from $414.00 to $445.00 and gave the company an “overweight” rating in a research note on Wednesday, February 11th. Evercore set a $435.00 price target on Saia in a research note on Wednesday, February 11th. JPMorgan Chase & Co. boosted their price target on Saia from $349.00 to $365.00 and gave the stock an “overweight” rating in a report on Monday, January 12th. Morgan Stanley downgraded Saia from an “equal weight” rating to an “underweight” rating and set a $250.00 price objective for the company. in a research report on Tuesday, February 10th. Finally, Stifel Nicolaus lifted their target price on Saia from $343.00 to $371.00 and gave the company a “hold” rating in a research report on Wednesday, January 21st. Nine research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $379.63.

Saia Profile

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.