Saia, Inc. (NASDAQ:SAIA) Stock Position Boosted by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 261,803 shares of the transportation company’s stock after buying an additional 11,177 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Saia were worth $116,670,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Blue Trust Inc. boosted its holdings in shares of Saia by 319.1% in the third quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock valued at $135,000 after acquiring an additional 217 shares in the last quarter. GAMMA Investing LLC lifted its position in Saia by 148.0% in the fourth quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock worth $167,000 after purchasing an additional 219 shares during the period. Rehmann Capital Advisory Group acquired a new stake in Saia in the third quarter worth approximately $213,000. Apollon Wealth Management LLC bought a new position in Saia during the 4th quarter valued at $252,000. Finally, Venturi Wealth Management LLC increased its position in shares of Saia by 63.8% during the 3rd 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.

Saia Stock Performance

Shares of NASDAQ SAIA opened at $476.90 on Thursday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. Saia, Inc. has a one year low of $358.90 and a one year high of $628.34. The business’s 50-day moving average price is $487.42 and its two-hundred day moving average price is $462.77. The company has a market capitalization of $12.68 billion, a P/E ratio of 35.30, a price-to-earnings-growth ratio of 2.51 and a beta of 1.79.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.87 by ($0.03). Saia had a net margin of 11.28% and a return on equity of 16.63%. The firm had revenue of $789.00 million for the quarter, compared to analyst estimates of $794.69 million. During the same quarter in the prior year, the firm earned $3.33 earnings per share. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. Analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $487.34, for a total value of $3,671,619.56. Following the transaction, the chief executive officer now directly owns 17,645 shares of the company’s stock, valued at approximately $8,599,114.30. This trade represents a 29.92 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Patrick D. Sugar sold 799 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $493.74, for a total value of $394,498.26. Following the sale, the executive vice president now directly owns 8,629 shares of the company’s stock, valued at $4,260,482.46. The trade was a 8.47 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 9,453 shares of company stock valued at $4,693,318 over the last ninety days. Corporate insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on SAIA shares. Stephens restated an “overweight” rating and issued a $600.00 price objective on shares of Saia in a report on Thursday, February 6th. Wells Fargo & Company cut their price target on shares of Saia from $550.00 to $510.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. The Goldman Sachs Group lifted their price objective on shares of Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. BMO Capital Markets boosted their price target on shares of Saia from $465.00 to $495.00 and gave the company a “market perform” rating in a report on Monday, October 28th. Finally, Susquehanna upped their price target on shares of Saia from $530.00 to $540.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $535.41.

Saia 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.