SG Americas Securities LLC Grows Stock Holdings in Saia, Inc. $SAIA

SG Americas Securities LLC grew its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 139.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,836 shares of the transportation company’s stock after acquiring an additional 2,820 shares during the period. SG Americas Securities LLC’s holdings in Saia were worth $1,448,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in SAIA. Parkside Financial Bank & Trust raised its stake in shares of Saia by 177.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 111 shares of the transportation company’s stock valued at $30,000 after purchasing an additional 71 shares during the period. AlphaQuest LLC purchased a new position in Saia during the 2nd quarter valued at about $41,000. Blue Trust Inc. increased its position in shares of Saia by 52.9% during the second quarter. Blue Trust Inc. now owns 208 shares of the transportation company’s stock valued at $57,000 after buying an additional 72 shares during the period. HM Payson & Co. lifted its holdings in shares of Saia by 28.9% in the third quarter. HM Payson & Co. now owns 205 shares of the transportation company’s stock worth $61,000 after buying an additional 46 shares in the last quarter. Finally, CWM LLC boosted its position in shares of Saia by 21.6% in the second quarter. CWM LLC now owns 248 shares of the transportation company’s stock valued at $68,000 after acquiring an additional 44 shares during the period.

Saia Stock Performance

Shares of NASDAQ SAIA opened at $350.89 on Friday. The stock’s 50-day moving average is $318.53 and its 200 day moving average is $306.37. The stock has a market cap of $9.35 billion, a price-to-earnings ratio of 33.13 and a beta of 2.09. Saia, Inc. has a 1-year low of $229.12 and a 1-year high of $538.03. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.09.

Saia (NASDAQ:SAIA) last issued its earnings results on Thursday, October 30th. The transportation company reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.53 by $0.28. The business had revenue of $839.64 million during the quarter, compared to analyst estimates of $824.06 million. Saia had a return on equity of 11.32% and a net margin of 8.77%.Saia’s revenue for the quarter was down .3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.46 earnings per share. On average, sell-side analysts anticipate that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Raymond James Financial decreased their target price on shares of Saia from $360.00 to $355.00 and set an “outperform” rating on the stock in a report on Tuesday, October 14th. Barclays upped their price target on shares of Saia from $350.00 to $380.00 and gave the stock an “overweight” rating in a report on Thursday. Redburn Partners set a $262.00 price objective on Saia in a research report on Wednesday, November 26th. Bank of America boosted their target price on Saia from $322.00 to $367.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 17th. Finally, Rothschild Redb raised Saia to a “hold” rating in a report on Wednesday, November 26th. Ten investment analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Saia presently has an average rating of “Hold” and an average target price of $343.95.

Insiders Place Their Bets

In other Saia news, Director Donna E. Epps bought 422 shares of Saia stock in a transaction that occurred on Wednesday, November 26th. The shares were bought at an average price of $277.60 per share, with a total value of $117,147.20. Following the acquisition, the director owned 1,852 shares in the company, valued at approximately $514,115.20. This trade represents a 29.51% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Raymond R. Ramu sold 1,000 shares of Saia stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $266.57, for a total transaction of $266,570.00. Following the completion of the transaction, the vice president owned 4,902 shares in the company, valued at approximately $1,306,726.14. The trade was a 16.94% decrease in their position. The SEC filing for this sale provides additional information. 0.30% of the stock is currently owned by corporate insiders.

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.