Great Lakes Advisors LLC Makes New Investment in Saia, Inc. (NASDAQ:SAIA)

Great Lakes Advisors LLC acquired a new position in shares of Saia, Inc. (NASDAQ:SAIAFree Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 549 shares of the transportation company’s stock, valued at approximately $219,000.

A number of other institutional investors also recently bought and sold shares of the business. IFP Advisors Inc raised its stake in Saia by 1,684.2% during the 2nd quarter. IFP Advisors Inc now owns 339 shares of the transportation company’s stock valued at $28,000 after acquiring an additional 320 shares during the last quarter. KB Financial Partners LLC acquired a new position in shares of Saia in the first quarter valued at approximately $28,000. International Assets Investment Management LLC purchased a new stake in shares of Saia during the third quarter worth approximately $45,000. NBC Securities Inc. acquired a new stake in shares of Saia during the third quarter worth $54,000. Finally, Pinebridge Investments L.P. purchased a new position in Saia in the 2nd quarter valued at $58,000.

Saia Price Performance

SAIA opened at $536.02 on Thursday. The stock has a market capitalization of $14.23 billion, a price-to-earnings ratio of 40.39, a price-to-earnings-growth ratio of 2.43 and a beta of 1.58. The business has a 50-day moving average of $440.45 and a two-hundred day moving average of $418.29. Saia, Inc. has a 12 month low of $244.69 and a 12 month high of $556.94.

Saia (NASDAQ:SAIAGet Free Report) last announced its quarterly earnings results on Friday, February 2nd. The transportation company reported $3.33 earnings per share for the quarter, beating analysts’ consensus estimates of $3.20 by $0.13. The firm had revenue of $751.10 million for the quarter, compared to analysts’ expectations of $745.48 million. Saia had a net margin of 12.31% and a return on equity of 19.75%. Saia’s revenue was up 14.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.65 earnings per share. Equities research analysts anticipate that Saia, Inc. will post 16.01 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Wolfe Research upgraded shares of Saia from a “peer perform” rating to an “outperform” rating and set a $418.00 price objective for the company in a research report on Monday, October 30th. UBS Group upped their price target on shares of Saia from $475.00 to $618.00 and gave the stock a “buy” rating in a research note on Monday. Bank of America raised their price objective on shares of Saia from $498.00 to $600.00 and gave the company a “buy” rating in a research note on Monday. The Goldman Sachs Group increased their target price on shares of Saia from $398.00 to $446.00 and gave the company a “neutral” rating in a report on Monday. Finally, Susquehanna raised Saia from a “neutral” rating to a “positive” rating and decreased their price target for the stock from $450.00 to $420.00 in a research note on Tuesday, October 31st. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $457.50.

Read Our Latest Research Report on Saia

Insiders Place Their Bets

In other news, CEO Frederick J. Holzgrefe III sold 7,500 shares of the business’s stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $533.46, for a total transaction of $4,000,950.00. Following the transaction, the chief executive officer now directly owns 14,248 shares of the company’s stock, valued at $7,600,738.08. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Frederick J. Holzgrefe III sold 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $533.46, for a total transaction of $4,000,950.00. Following the completion of the sale, the chief executive officer now owns 14,248 shares of the company’s stock, valued at $7,600,738.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Rohit Lal sold 2,870 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the completion of the sale, the vice president now directly owns 8,482 shares of the company’s stock, valued at approximately $4,551,017.10. The disclosure for this sale can be found here. Insiders sold a total of 12,113 shares of company stock worth $6,476,700 in the last 90 days. 0.50% of the stock is owned by company insiders.

Saia Company Profile

(Free Report)

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. As of December 31, 2022, it operated 191 owned and leased facilities; and owned approximately 6,200 tractors and 20,800 trailers.

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Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

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