Royce & Associates LP Sells 2,930 Shares of Saia, Inc. $SAIA

Key Points

• Royce & Associates LP reduced its stake in Saia by 20% in Q3, selling 2,930 shares and leaving it with 11,731 shares valued at $3.512 million, according to its latest 13F filing.
• Insiders sold heavily: CEO Frederick J. Holzgrefe III sold 4,775 shares for about $1.856 million and VP Raymond R. Ramu sold 5,226 shares for about $2.027 million on Feb. 13, part of 15,533 insider shares sold (~$6.02M) in the last 90 days; insiders now own 0.30% of the stock.
• Analyst sentiment is mixed — nine Buys, twelve Holds and one Sell lead to a consensus "Hold" with an average price target of $380.47 — Saia recently missed EPS estimates ($1.77 vs. $1.90) and the stock trades around $396.62 within a one-year range of $229.12–$430.11.

Royce & Associates LP lowered its holdings in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 20.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,731 shares of the transportation company's stock after selling 2,930 shares during the quarter. Royce & Associates LP's holdings in Saia were worth $3,512,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. GHP Investment Advisors Inc. grew its position in Saia by 0.5% during the third quarter. GHP Investment Advisors Inc. now owns 8,182 shares of the transportation company's stock valued at $2,449,000 after buying an additional 38 shares during the period. Boothbay Fund Management LLC boosted its stake in shares of Saia by 3.2% during the 2nd quarter. Boothbay Fund Management LLC now owns 1,401 shares of the transportation company's stock worth $384,000 after acquiring an additional 43 shares during the last quarter. ProShare Advisors LLC grew its position in shares of Saia by 3.8% during the 2nd quarter. ProShare Advisors LLC now owns 1,238 shares of the transportation company's stock valued at $339,000 after acquiring an additional 45 shares during the period. Sheets Smith Wealth Management increased its stake in shares of Saia by 1.7% in the 3rd quarter. Sheets Smith Wealth Management now owns 2,632 shares of the transportation company's stock worth $788,000 after purchasing an additional 45 shares in the last quarter. Finally, Vident Advisory LLC increased its stake in shares of Saia by 4.4% in the 2nd quarter. Vident Advisory LLC now owns 1,075 shares of the transportation company's stock worth $295,000 after purchasing an additional 45 shares in the last quarter.

Insider Transactions at Saia

In related news, CEO Frederick J. Holzgrefe III sold 4,775 shares of the business's stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $388.80, for a total value of $1,856,520.00. Following the sale, the chief executive officer directly owned 22,743 shares in the company, valued at approximately $8,842,478.40. The trade was a 17.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Raymond R. Ramu sold 5,226 shares of the stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $387.95, for a total value of $2,027,426.70. Following the transaction, the vice president directly owned 3,631 shares of the company's stock, valued at approximately $1,408,646.45. The trade was a 59.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 15,533 shares of company stock valued at $6,015,055. 0.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SAIA. Evercore set a $435.00 target price on Saia in a research report on Wednesday, February 11th. Rothschild & Co Redburn set a $262.00 price objective on Saia in a research report on Wednesday, November 26th. The Goldman Sachs Group reissued a "buy" rating and issued a $403.00 target price on shares of Saia in a report on Tuesday, February 10th. Wall Street Zen cut shares of Saia from a "hold" rating to a "sell" rating in a research note on Sunday, February 15th. Finally, Barclays upped their price target on shares of Saia from $380.00 to $400.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 11th. Nine analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Saia presently has a consensus rating of "Hold" and an average price target of $380.47.

Saia Price Performance

SAIA stock opened at $396.62 on Friday. Saia, Inc. has a one year low of $229.12 and a one year high of $430.11. The company's fifty day moving average price is $371.52 and its 200-day moving average price is $326.04. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.64 and a current ratio of 1.64. The company has a market capitalization of $10.58 billion, a PE ratio of 41.66, a price-to-earnings-growth ratio of 2.22 and a beta of 2.04.

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

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.

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