Intech Investment Management LLC Has $1.63 Million Holdings in Saia, Inc. $SAIA

Intech Investment Management LLC boosted its stake in Saia, Inc. (NASDAQ:SAIA) by 31.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,448 shares of the transportation company’s stock after purchasing an additional 1,299 shares during the quarter. Intech Investment Management LLC’s holdings in Saia were worth $1,631,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SAIA. Viking Global Investors LP bought a new stake in shares of Saia in the 2nd quarter valued at about $226,770,000. Wasatch Advisors LP grew its holdings in Saia by 25.3% during the second quarter. Wasatch Advisors LP now owns 825,687 shares of the transportation company’s stock valued at $226,230,000 after purchasing an additional 166,486 shares during the period. Bessemer Group Inc. increased its stake in Saia by 21.9% in the third quarter. Bessemer Group Inc. now owns 505,522 shares of the transportation company’s stock valued at $151,334,000 after purchasing an additional 90,926 shares in the last quarter. Norges Bank bought a new stake in Saia in the second quarter valued at approximately $103,599,000. Finally, First Trust Advisors LP raised its holdings in Saia by 5.8% in the second quarter. First Trust Advisors LP now owns 230,923 shares of the transportation company’s stock worth $63,271,000 after purchasing an additional 12,669 shares during the period.

Wall Street Analyst Weigh In

SAIA has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Saia in a research report on Monday, December 29th. Wells Fargo & Company boosted their target price on Saia from $310.00 to $395.00 and gave the company an “equal weight” rating in a research note on Wednesday, February 11th. Rothschild & Co Redburn set a $262.00 price target on Saia in a research report on Wednesday, November 26th. TD Cowen reiterated a “hold” rating on shares of Saia in a report on Friday, January 9th. Finally, Stephens increased their target price on Saia from $414.00 to $445.00 and gave the stock an “overweight” rating in a research note 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 company. According to data from MarketBeat.com, Saia has a consensus rating of “Hold” and a consensus price target of $380.47.

Insider Transactions at Saia

In other news, CFO Matthew J. Batteh sold 916 shares of the firm’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $389.03, for a total value of $356,351.48. Following the completion of the transaction, the chief financial officer 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 at the SEC website. Also, CAO Kelly W. Benton sold 800 shares of Saia stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $389.00, for a total value of $311,200.00. Following the completion of the sale, the chief accounting officer directly owned 3,157 shares in the company, valued at approximately $1,228,073. This represents a 20.22% 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 worth $6,015,055. 0.30% of the stock is owned by insiders.

Saia Trading Down 4.3%

NASDAQ SAIA opened at $396.62 on Friday. Saia, Inc. has a 52 week low of $229.12 and a 52 week high of $430.11. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.64 and a current ratio of 1.64. The stock’s 50 day moving average price is $371.52 and its two-hundred day moving average price is $326.04. The stock has a market capitalization of $10.58 billion, a price-to-earnings ratio of 41.66, a PEG ratio of 2.22 and a beta of 2.04.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Tuesday, February 10th. The transportation company reported $1.77 earnings per share for the quarter, missing the consensus estimate of $1.90 by ($0.13). The business had revenue of $789.95 million for the quarter, compared to the consensus estimate of $773.82 million. Saia had a return on equity of 9.86% and a net margin of 7.89%.Saia’s revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the business earned $2.84 earnings per share. As a group, analysts anticipate 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.