Saia, Inc. (NASDAQ:SAIA) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC grew its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 4.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 261,803 shares of the transportation company’s stock after buying an additional 11,177 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.98% of Saia worth $116,670,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Blue Trust Inc. raised its holdings in shares of Saia by 319.1% during the 3rd quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock valued at $135,000 after buying an additional 217 shares during the period. GAMMA Investing LLC grew its position in Saia by 148.0% in the fourth quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock valued at $167,000 after acquiring an additional 219 shares in the last quarter. Rehmann Capital Advisory Group purchased a new stake in shares of Saia during the third quarter valued at approximately $213,000. Apollon Wealth Management LLC acquired a new position in shares of Saia during the fourth quarter worth $252,000. Finally, Venturi Wealth Management LLC boosted its stake in shares of Saia by 63.8% in the third quarter. Venturi Wealth Management LLC now owns 593 shares of the transportation company’s stock valued at $259,000 after purchasing an additional 231 shares during the period.

Insider Activity at Saia

In other Saia news, EVP Patrick D. Sugar sold 799 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $493.74, for a total value of $394,498.26. Following the sale, the executive vice president now owns 8,629 shares in the company, valued at approximately $4,260,482.46. This trade represents a 8.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Rohit Lal sold 1,120 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was sold at an average price of $560.00, for a total value of $627,200.00. Following the transaction, the executive vice president now owns 8,270 shares of the company’s stock, valued at approximately $4,631,200. This represents a 11.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,453 shares of company stock worth $4,693,318 in the last 90 days. 0.30% of the stock is currently owned by company insiders.

Saia Trading Down 3.2 %

NASDAQ SAIA opened at $476.90 on Thursday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. Saia, Inc. has a one year low of $358.90 and a one year high of $628.34. The company has a 50-day simple moving average of $487.42 and a 200-day simple moving average of $462.77. The firm has a market capitalization of $12.68 billion, a PE ratio of 35.30, a price-to-earnings-growth ratio of 2.51 and a beta of 1.79.

Saia (NASDAQ:SAIA) last issued its earnings results on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). The company had revenue of $789.00 million during the quarter, compared to analyst estimates of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. The business’s revenue was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $3.33 earnings per share. On average, equities analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on SAIA shares. BMO Capital Markets lifted their price target on shares of Saia from $465.00 to $495.00 and gave the stock a “market perform” rating in a research note on Monday, October 28th. Stephens reiterated an “overweight” rating and issued a $600.00 price target on shares of Saia in a research note on Thursday, February 6th. Jefferies Financial Group raised their price objective on Saia from $525.00 to $560.00 and gave the company a “buy” rating in a research note on Friday, January 10th. Wells Fargo & Company cut their target price on Saia from $550.00 to $510.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a research report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $535.41.

Saia Company Profile

Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.