Picton Mahoney Asset Management Makes New $10.77 Million Investment in Saia, Inc. $SAIA

Picton Mahoney Asset Management acquired a new stake in Saia, Inc. (NASDAQ:SAIA) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 35,989 shares of the transportation company’s stock, valued at approximately $10,774,000.

Several other institutional investors and hedge funds have also modified their holdings of SAIA. Parkside Financial Bank & Trust grew its stake in Saia by 177.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 111 shares of the transportation company’s stock worth $30,000 after acquiring an additional 71 shares during the period. State of Wyoming purchased a new position in shares of Saia during the 3rd quarter worth $30,000. AlphaQuest LLC acquired a new stake in Saia in the 2nd quarter worth about $41,000. Annis Gardner Whiting Capital Advisors LLC boosted its position in shares of Saia by 6,400.0% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 195 shares of the transportation company’s stock worth $58,000 after acquiring an additional 192 shares during the last quarter. Finally, HM Payson & Co. grew its stake in shares of Saia by 28.9% during the 3rd quarter. HM Payson & Co. now owns 205 shares of the transportation company’s stock valued at $61,000 after buying an additional 46 shares during the period.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on SAIA shares. Barclays increased their price objective on shares of Saia from $380.00 to $400.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 11th. TD Cowen reaffirmed a “hold” rating on shares of Saia in a research report on Friday, January 9th. UBS Group restated a “buy” rating and set a $493.00 price objective on shares of Saia in a research note on Wednesday, February 11th. Benchmark lifted their target price on Saia from $360.00 to $400.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. Finally, Stephens upped their price target on Saia from $414.00 to $445.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Nine equities 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $380.47.

Insiders Place Their Bets

In other Saia news, CFO Matthew J. Batteh sold 916 shares of the company’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $389.03, for a total value of $356,351.48. Following the transaction, the chief financial officer owned 4,444 shares of the company’s stock, valued at approximately $1,728,849.32. This represents a 17.09% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Patrick D. Sugar sold 2,706 shares of the stock in a transaction on Friday, February 13th. The shares were 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 of the company’s stock, valued at $3,527,455.54. This trade represents a 22.88% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 15,533 shares of company stock worth $6,015,055. Company insiders own 0.30% of the company’s stock.

Saia Stock Up 0.1%

SAIA stock opened at $414.43 on Thursday. The firm’s 50-day moving average is $370.18 and its two-hundred day moving average is $325.55. The company has a market capitalization of $11.05 billion, a price-to-earnings ratio of 43.53, a price-to-earnings-growth ratio of 2.22 and a beta of 2.04. Saia, Inc. has a 52 week low of $229.12 and a 52 week high of $430.11. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.06.

Saia (NASDAQ:SAIA) last posted its quarterly earnings data on Tuesday, February 10th. The transportation company reported $1.77 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 company had revenue of $789.95 million for the quarter, compared to analyst estimates of $773.82 million. During the same quarter in the prior year, the business earned $2.84 EPS. Saia’s revenue was up .1% compared to the same quarter last year. On average, analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Saia Company 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.