Victory Capital Management Inc. Purchases 11,852 Shares of Saia, Inc. $SAIA

Victory Capital Management Inc. increased its position in shares of Saia, Inc. (NASDAQ:SAIA) by 27.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,328 shares of the transportation company’s stock after purchasing an additional 11,852 shares during the period. Victory Capital Management Inc. owned approximately 0.20% of Saia worth $16,264,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in SAIA. Parkside Financial Bank & Trust increased its position in Saia by 177.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 111 shares of the transportation company’s stock worth $30,000 after buying an additional 71 shares during the period. State of Wyoming bought a new stake in shares of Saia in the third quarter valued at about $30,000. Annis Gardner Whiting Capital Advisors LLC grew its stake 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 valued at $58,000 after acquiring an additional 192 shares in the last quarter. HM Payson & Co. increased its position in Saia by 28.9% during the third quarter. HM Payson & Co. now owns 205 shares of the transportation company’s stock worth $61,000 after acquiring an additional 46 shares during the period. Finally, UMB Bank n.a. increased its position in Saia by 28.4% during the third quarter. UMB Bank n.a. now owns 298 shares of the transportation company’s stock worth $89,000 after acquiring an additional 66 shares during the period.

Saia Price Performance

Shares of NASDAQ:SAIA opened at $356.03 on Wednesday. The firm has a 50 day simple moving average of $373.32 and a 200 day simple moving average of $327.63. The company has a market cap of $9.50 billion, a price-to-earnings ratio of 37.40, a PEG ratio of 1.97 and a beta of 2.04. Saia, Inc. has a one year low of $229.12 and a one year high of $430.11. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.64 and a quick ratio of 1.64.

Saia (NASDAQ:SAIA) last announced 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). Saia had a net margin of 7.89% and a return on equity of 9.86%. The firm had revenue of $789.95 million during the quarter, compared to the consensus estimate of $773.82 million. During the same quarter in the previous year, the company posted $2.84 earnings per share. The firm’s revenue was up .1% on a year-over-year basis. Research analysts predict that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Insider Transactions at Saia

In other news, VP Raymond R. Ramu sold 5,226 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $387.95, for a total value of $2,027,426.70. Following the completion of the transaction, the vice president owned 3,631 shares of the company’s stock, valued at $1,408,646.45. This represents a 59.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Frederick J. Holzgrefe III sold 4,775 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $388.80, for a total transaction of $1,856,520.00. Following the completion of the transaction, the chief executive officer owned 22,743 shares of the company’s stock, valued at approximately $8,842,478.40. This trade represents a 17.35% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 15,533 shares of company stock valued at $6,015,055. 0.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on SAIA. Barclays boosted their price objective on shares of Saia from $380.00 to $400.00 and gave the company an “overweight” rating in a report on Wednesday, February 11th. The Goldman Sachs Group reiterated a “buy” rating and issued a $403.00 price target on shares of Saia in a research note on Tuesday, February 10th. BMO Capital Markets set a $425.00 price target on Saia in a research report on Thursday, February 19th. Stephens raised their price objective on Saia from $414.00 to $445.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Finally, UBS Group reiterated a “buy” rating and set a $493.00 target price on shares of Saia in a research report on Wednesday, February 11th. Nine research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Saia presently has a consensus rating of “Hold” and an average target price 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.