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

Intech Investment Management LLC increased its position in shares of Saia, Inc. (NASDAQ:SAIA) by 31.3% during the third quarter, Holdings Channel.com reports. The institutional investor owned 5,448 shares of the transportation company’s stock after purchasing an additional 1,299 shares during the period. Intech Investment Management LLC’s holdings in Saia were worth $1,631,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SAIA. GHP Investment Advisors Inc. grew its position in shares of Saia by 0.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 8,182 shares of the transportation company’s stock valued at $2,449,000 after acquiring an additional 38 shares during the period. Boothbay Fund Management LLC lifted its stake in Saia by 3.2% in the 2nd quarter. Boothbay Fund Management LLC now owns 1,401 shares of the transportation company’s stock valued at $384,000 after purchasing an additional 43 shares during the last quarter. ProShare Advisors LLC grew its holdings in Saia by 3.8% during the second quarter. ProShare Advisors LLC now owns 1,238 shares of the transportation company’s stock worth $339,000 after purchasing an additional 45 shares during the period. Sheets Smith Wealth Management increased its position in Saia by 1.7% during the third quarter. Sheets Smith Wealth Management now owns 2,632 shares of the transportation company’s stock worth $788,000 after buying an additional 45 shares during the last quarter. Finally, Vident Advisory LLC raised its stake in Saia by 4.4% in the second quarter. Vident Advisory LLC now owns 1,075 shares of the transportation company’s stock valued at $295,000 after buying an additional 45 shares during the period.

Analyst Ratings Changes

Several brokerages have recently commented on SAIA. Stifel Nicolaus lifted their target price on Saia from $343.00 to $371.00 and gave the stock a “hold” rating in a research note on Wednesday, January 21st. UBS Group reaffirmed a “buy” rating and set a $493.00 price objective on shares of Saia in a research report on Wednesday, February 11th. Bank of America increased their price objective on shares of Saia from $413.00 to $429.00 and gave the company a “neutral” rating in a research report on Tuesday. Benchmark lifted their target price on shares of Saia from $360.00 to $400.00 and gave the stock a “buy” rating in a report on Wednesday, February 11th. Finally, JPMorgan Chase & Co. upped their price target on shares of Saia from $349.00 to $365.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Nine analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $380.47.

Saia Stock Performance

NASDAQ SAIA opened at $396.62 on Friday. The firm has a 50-day moving average price of $371.52 and a two-hundred day moving average price of $326.04. Saia, Inc. has a 12-month low of $229.12 and a 12-month high of $430.11. The company has a market capitalization of $10.58 billion, a P/E ratio of 41.66, a P/E/G ratio of 2.22 and a beta of 2.04. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.06.

Saia (NASDAQ:SAIA) last released its quarterly earnings results on Tuesday, February 10th. The transportation company reported $1.77 earnings per share for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.13). The business had revenue of $789.95 million during the quarter, compared to analyst estimates of $773.82 million. Saia had a net margin of 7.89% and a return on equity of 9.86%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.84 earnings per share. Analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current year.

Insider Activity at Saia

In related news, CEO Frederick J. Holzgrefe III sold 4,775 shares of the firm’s stock in a transaction on Friday, February 13th. The stock was sold at an average price of $388.80, for a total value of $1,856,520.00. Following the transaction, the chief executive officer owned 22,743 shares in the company, valued at approximately $8,842,478.40. This trade represents a 17.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Matthew J. Batteh sold 916 shares of the business’s stock in a transaction dated Friday, February 13th. The shares were 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 directly owned 4,444 shares of the company’s stock, valued at approximately $1,728,849.32. This trade represents a 17.09% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 15,533 shares of company stock worth $6,015,055 in the last quarter. 0.30% of the stock is currently owned by corporate insiders.

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.