Lincoln Capital Corp Acquires New Shares in Saia, Inc. $SAIA

Key Points

• Lincoln Capital Corp acquired a new stake of 4,200 shares in Saia during Q4, valued at approximately $1.37 million.
• Insider selling has been notable: insiders sold 15,533 shares worth about $6.02 million over the past 90 days (including CAO Kelly Benton and VP Raymond Ramu), leaving insiders with roughly 0.30% ownership.
• Analysts are mixed—10 Buys, 11 Holds and 1 Sell with an average price target of $379.47—and Saia recently missed EPS ($1.77 vs. $1.90) despite revenue beating estimates; shares trade around $402.

Lincoln Capital Corp acquired a new stake in Saia, Inc. (NASDAQ:SAIA - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,200 shares of the transportation company's stock, valued at approximately $1,371,000.

Several other large investors have also bought and sold shares of the business. State of Wyoming bought a new position in Saia in the third quarter valued at about $30,000. Allworth Financial LP raised its position in Saia by 69.0% in the third quarter. Allworth Financial LP now owns 142 shares of the transportation company's stock valued at $43,000 after purchasing an additional 58 shares during the last quarter. Annis Gardner Whiting Capital Advisors LLC raised its position in Saia by 6,400.0% in the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 195 shares of the transportation company's stock valued at $58,000 after purchasing an additional 192 shares during the last quarter. Danske Bank A S bought a new position in Saia in the third quarter valued at about $60,000. Finally, Advisory Services Network LLC bought a new position in Saia in the third quarter valued at about $60,000.

Insider Activity at Saia

In other news, CAO Kelly W. Benton sold 800 shares of the firm's stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $389.00, for a total transaction of $311,200.00. Following the completion of the transaction, the chief accounting officer directly owned 3,157 shares in the company, valued at $1,228,073. This trade represents a 20.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Raymond R. Ramu sold 5,226 shares of the firm's stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $387.95, for a total value of $2,027,426.70. Following the transaction, the vice president owned 3,631 shares of the company's stock, valued at $1,408,646.45. This trade represents a 59.00% decrease in their ownership of the stock. 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 ninety days. Insiders own 0.30% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on SAIA. The Goldman Sachs Group reiterated a "buy" rating and issued a $403.00 target price on shares of Saia in a research report on Tuesday, February 10th. Weiss Ratings reiterated a "hold (c)" rating on shares of Saia in a research report on Monday, December 29th. Wall Street Zen downgraded Saia from a "hold" rating to a "sell" rating in a research report on Sunday, February 15th. Bank of America increased their target price on Saia from $413.00 to $429.00 and gave the company a "neutral" rating in a research report on Tuesday, March 3rd. Finally, Benchmark increased their target price on Saia from $360.00 to $400.00 and gave the company a "buy" rating in a research report on Wednesday, February 11th. Ten analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $379.47.

Saia Price Performance

Shares of SAIA opened at $401.85 on Friday. Saia, Inc. has a 1 year low of $229.12 and a 1 year high of $430.11. 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 company has a market capitalization of $10.72 billion, a price-to-earnings ratio of 42.21, a price-to-earnings-growth ratio of 2.16 and a beta of 2.04. The business has a 50-day moving average of $371.29 and a 200-day moving average of $333.76.

Saia (NASDAQ:SAIA - Get Free Report) last issued its quarterly earnings data on Tuesday, February 10th. The transportation company reported $1.77 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.90 by ($0.13). Saia had a return on equity of 9.86% and a net margin of 7.89%.The company had revenue of $789.95 million for the quarter, compared to the consensus estimate of $773.82 million. During the same quarter last year, the business earned $2.84 earnings per share. Saia's revenue was up .1% compared to the same quarter last year. As a group, equities research analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current 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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