Victory Capital Management Inc. Acquires 11,852 Shares of Saia, Inc. $SAIA

Victory Capital Management Inc. increased its holdings in Saia, Inc. (NASDAQ:SAIA) by 27.9% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 54,328 shares of the transportation company’s stock after purchasing an additional 11,852 shares during the period. Victory Capital Management Inc.’s holdings in Saia were worth $16,264,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Parkside Financial Bank & Trust raised its position in Saia by 177.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 111 shares of the transportation company’s stock worth $30,000 after purchasing an additional 71 shares during the last quarter. State of Wyoming bought a new stake in shares of Saia in the 3rd quarter valued at about $30,000. Annis Gardner Whiting Capital Advisors LLC grew its position in shares of Saia by 6,400.0% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 195 shares of the transportation company’s stock valued at $58,000 after buying an additional 192 shares during the last quarter. HM Payson & Co. increased its stake in shares of Saia by 28.9% in the third quarter. HM Payson & Co. now owns 205 shares of the transportation company’s stock valued at $61,000 after buying an additional 46 shares during the period. Finally, UMB Bank n.a. raised its position in shares of Saia by 28.4% during the third quarter. UMB Bank n.a. now owns 298 shares of the transportation company’s stock worth $89,000 after acquiring an additional 66 shares during the last quarter.

Saia Stock Down 3.5%

Shares of NASDAQ:SAIA opened at $356.03 on Wednesday. The business’s 50 day moving average is $373.32 and its 200 day moving average is $327.63. Saia, Inc. has a 12-month low of $229.12 and a 12-month high of $430.11. The stock has a market cap of $9.50 billion, a price-to-earnings ratio of 37.40, a PEG ratio of 1.97 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 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.13). The company had revenue of $789.95 million during the quarter, compared to analysts’ expectations of $773.82 million. Saia had a net margin of 7.89% and a return on equity of 9.86%. The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.84 earnings per share. On average, sell-side analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

SAIA has been the topic of a number of recent analyst reports. Susquehanna lowered Saia from a “positive” rating to a “neutral” rating and lifted their price objective for the stock from $390.00 to $425.00 in a research note on Wednesday, February 11th. Stifel Nicolaus set a $352.00 price target on shares of Saia in a report on Tuesday. Weiss Ratings restated a “hold (c)” rating on shares of Saia in a research report on Monday, December 29th. Stephens upped their target price on Saia from $414.00 to $445.00 and gave the company an “overweight” rating in a research report on Wednesday, February 11th. Finally, Barclays increased their target price on shares of Saia from $380.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Nine equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $379.47.

Insider Activity at Saia

In other Saia news, CFO Matthew J. Batteh sold 1,110 shares of the stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $375.71, for a total value of $417,038.10. Following the completion of the sale, the chief financial officer owned 5,360 shares in the company, valued at approximately $2,013,805.60. This trade represents a 17.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Frederick J. Holzgrefe III sold 4,775 shares of Saia stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $388.80, for a total transaction of $1,856,520.00. Following the transaction, the chief executive officer directly owned 22,743 shares in the company, valued at approximately $8,842,478.40. This represents a 17.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 15,533 shares of company stock valued at $6,015,055 over the last three months. Insiders own 0.30% of the company’s stock.

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.