Amalgamated Bank Cuts Holdings in Saia, Inc. (NASDAQ:SAIA)

Amalgamated Bank decreased its stake in shares of Saia, Inc. (NASDAQ:SAIAGet Rating) by 4.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,945 shares of the transportation company’s stock after selling 853 shares during the quarter. Amalgamated Bank owned approximately 0.07% of Saia worth $4,375,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. TCI Wealth Advisors Inc. increased its holdings in Saia by 87.4% during the 1st quarter. TCI Wealth Advisors Inc. now owns 163 shares of the transportation company’s stock worth $40,000 after purchasing an additional 76 shares during the period. Meeder Asset Management Inc. purchased a new stake in Saia during the 1st quarter worth about $54,000. Point72 Hong Kong Ltd purchased a new stake in Saia during the 1st quarter worth about $110,000. Covestor Ltd increased its holdings in shares of Saia by 150.0% in the 1st quarter. Covestor Ltd now owns 495 shares of the transportation company’s stock valued at $121,000 after acquiring an additional 297 shares during the last quarter. Finally, Resources Investment Advisors LLC. purchased a new position in shares of Saia in the 4th quarter valued at about $220,000.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Citigroup set a $212.00 price objective on Saia in a report on Tuesday, July 19th. Susquehanna Bancshares increased their price objective on Saia from $265.00 to $270.00 in a report on Thursday, July 28th. Credit Suisse Group increased their price objective on Saia from $234.00 to $253.00 and gave the company an “outperform” rating in a report on Thursday, July 28th. Deutsche Bank Aktiengesellschaft dropped their price objective on Saia from $300.00 to $268.00 and set a “buy” rating on the stock in a report on Friday, September 9th. Finally, Evercore ISI dropped their price objective on Saia from $298.00 to $250.00 and set an “outperform” rating on the stock in a report on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $267.71.

Insiders Place Their Bets

In other Saia news, CEO Frederick J. Holzgrefe III sold 13,983 shares of the stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $240.17, for a total transaction of $3,358,297.11. Following the completion of the sale, the chief executive officer now directly owns 14,623 shares of the company’s stock, valued at approximately $3,512,005.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP Raymond R. Ramu sold 13,474 shares of the stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $247.58, for a total transaction of $3,335,892.92. Following the completion of the transaction, the vice president now directly owns 3,279 shares of the company’s stock, valued at approximately $811,814.82. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Frederick J. Holzgrefe III sold 13,983 shares of the stock in a transaction that occurred on Thursday, August 4th. The stock was sold at an average price of $240.17, for a total value of $3,358,297.11. Following the transaction, the chief executive officer now directly owns 14,623 shares of the company’s stock, valued at $3,512,005.91. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,301 shares of company stock valued at $9,727,819. 0.50% of the stock is owned by company insiders.

Saia Stock Down 1.5 %

Saia stock opened at $186.48 on Wednesday. Saia, Inc. has a twelve month low of $168.03 and a twelve month high of $365.50. The stock has a 50 day moving average of $217.24 and a two-hundred day moving average of $215.76. The company has a current ratio of 1.58, a quick ratio of 1.58 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $4.92 billion, a price-to-earnings ratio of 14.55, a PEG ratio of 0.69 and a beta of 1.44.

Saia (NASDAQ:SAIAGet Rating) last posted its quarterly earnings data on Wednesday, July 27th. The transportation company reported $4.10 earnings per share for the quarter, topping analysts’ consensus estimates of $3.48 by $0.62. Saia had a return on equity of 26.79% and a net margin of 12.96%. The company had revenue of $745.55 million during the quarter, compared to analysts’ expectations of $731.26 million. During the same period last year, the firm earned $2.34 EPS. The firm’s revenue for the quarter was up 30.5% on a year-over-year basis. As a group, research analysts expect that Saia, Inc. will post 13.81 earnings per share for the current year.

About Saia

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Saia, Inc, through its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 400 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. As of December 31, 2021, it operated 176 owned and leased facilities; and owned approximately 5,600 tractors and 19,300 trailers.

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Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

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