Fieldview Capital Management LLC Buys New Shares in Saia, Inc. $SAIA

Key Points

• Fieldview Capital opened a new position in Saia, buying 9,729 shares worth about $2.91 million in the third quarter, signaling fresh institutional interest.
• Company insiders have been net sellers recently—EVP Patrick Sugar and CFO Matthew Batteh sold shares on Feb. 13 and insiders sold 15,533 shares worth $6.02 million over the last 90 days, leaving insiders with just 0.30% ownership.
• Saia missed EPS estimates for the quarter ($1.77 vs. $1.90) but beat revenue expectations ($789.95M vs. $773.82M); analysts hold a consensus "Hold" rating with a $380.47 price target amid mixed individual ratings.

Fieldview Capital Management LLC purchased a new position in Saia, Inc. (NASDAQ:SAIA - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,729 shares of the transportation company's stock, valued at approximately $2,912,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. AQR Capital Management LLC increased its stake in Saia by 52.4% in the 1st quarter. AQR Capital Management LLC now owns 1,781 shares of the transportation company's stock worth $622,000 after purchasing an additional 612 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Saia by 334.3% during the first quarter. Jones Financial Companies Lllp now owns 873 shares of the transportation company's stock valued at $305,000 after purchasing an additional 672 shares during the period. Parkside Financial Bank & Trust boosted its stake in shares of Saia by 177.5% during the second 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. ProShare Advisors LLC grew its holdings in shares of Saia by 3.8% in 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 last quarter. Finally, TimesSquare Capital Management LLC grew its holdings in shares of Saia by 4.2% in the second quarter. TimesSquare Capital Management LLC now owns 121,315 shares of the transportation company's stock worth $33,239,000 after purchasing an additional 4,915 shares during the last quarter.

Insider Buying and Selling

In related news, EVP Patrick D. Sugar sold 2,706 shares of the company's stock in a transaction on Friday, February 13th. The stock was sold at an average price of $386.74, for a total value of $1,046,518.44. Following the sale, the executive vice president directly owned 9,121 shares of the company's stock, valued at $3,527,455.54. This represents a 22.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Matthew J. Batteh sold 916 shares of the stock in a transaction on Friday, February 13th. The stock was 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 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 15,533 shares of company stock valued at $6,015,055 over the last 90 days. 0.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently commented on SAIA. Susquehanna lowered shares of Saia from a "positive" rating to a "neutral" rating and upped their price target for the company from $390.00 to $425.00 in a report on Wednesday, February 11th. Wolfe Research reissued a "peer perform" rating on shares of Saia in a report on Thursday, January 8th. TD Cowen restated a "hold" rating on shares of Saia in a research report on Friday, January 9th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $403.00 price objective on shares of Saia in a research note on Tuesday, February 10th. Finally, JPMorgan Chase & Co. upped their target price on Saia from $349.00 to $365.00 and gave the company an "overweight" rating in a report on Monday, January 12th. Nine analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $380.47.

Saia Stock Performance

Shares of SAIA opened at $359.78 on Monday. The company has a 50-day simple moving average of $372.10 and a two-hundred day simple moving average of $326.85. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.64 and a quick ratio of 1.64. The firm has a market capitalization of $9.60 billion, a PE ratio of 37.79, a price-to-earnings-growth ratio of 1.93 and a beta of 2.04. Saia, Inc. has a one year low of $229.12 and a one year high of $430.11.

Saia (NASDAQ:SAIA - Get Free Report) last announced its earnings results on Tuesday, February 10th. The transportation company reported $1.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.90 by ($0.13). The firm had revenue of $789.95 million during the quarter, compared to the consensus estimate of $773.82 million. Saia had a return on equity of 9.86% and a net margin of 7.89%.The firm's revenue was up .1% on a year-over-year basis. During the same period in the prior year, the company posted $2.84 EPS. On average, analysts anticipate that Saia, Inc. will post 15.46 EPS for the current fiscal year.

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.

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