Saia, Inc. $SAIA Shares Bought by M&T Bank Corp

Key Points

• M&T Bank Corp boosted its stake in Saia by 383.7% in Q4, acquiring an additional 21,041 shares to hold 26,524 shares worth about $8.66 million (≈0.10% of the company).
• Saia’s latest quarter missed on EPS ($1.77 vs. $1.90 expected) but beat on revenue ($789.95M), and the stock trades near recent highs with a market cap of about $11.8B and a P/E of 46.47.
• Insiders sold shares in the quarter (totaling 15,533 shares, ≈$6.02M), while analysts remain mixed—average rating “Hold” with an average target of $392.32, though some firms have raised targets up to $550.

M&T Bank Corp boosted its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 383.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,524 shares of the transportation company's stock after buying an additional 21,041 shares during the quarter. M&T Bank Corp owned approximately 0.10% of Saia worth $8,661,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Alliancebernstein L.P. grew its position in shares of Saia by 35.4% in the third quarter. Alliancebernstein L.P. now owns 2,273,396 shares of the transportation company's stock valued at $680,564,000 after purchasing an additional 594,674 shares during the period. Capital International Investors grew its position in shares of Saia by 0.8% in the third quarter. Capital International Investors now owns 1,419,062 shares of the transportation company's stock valued at $424,794,000 after purchasing an additional 11,454 shares during the period. Viking Global Investors LP grew its position in shares of Saia by 67.2% in the third quarter. Viking Global Investors LP now owns 1,383,888 shares of the transportation company's stock valued at $414,281,000 after purchasing an additional 556,229 shares during the period. Wasatch Advisors LP grew its position in shares of Saia by 25.3% in the second quarter. Wasatch Advisors LP now owns 825,687 shares of the transportation company's stock valued at $226,230,000 after purchasing an additional 166,486 shares during the period. Finally, Invesco Ltd. grew its position in shares of Saia by 1,300.4% in the third quarter. Invesco Ltd. now owns 701,418 shares of the transportation company's stock valued at $209,976,000 after purchasing an additional 651,332 shares during the period.

Saia Stock Performance

NASDAQ:SAIA opened at $442.44 on Friday. The company's 50-day moving average price is $378.23 and its 200-day moving average price is $342.60. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.06. The company has a market cap of $11.80 billion, a P/E ratio of 46.47, a P/E/G ratio of 2.37 and a beta of 2.04. Saia, Inc. has a twelve month low of $229.12 and a twelve month high of $451.91.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly 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 business had revenue of $789.95 million during the quarter, compared to analysts' expectations of $773.82 million. Saia had a return on equity of 9.86% and a net margin of 7.89%.The business's quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the business posted $2.84 earnings per share. On average, sell-side analysts forecast that Saia, Inc. will post 10.6 earnings per share for the current fiscal year.

Insider Transactions at Saia

In other news, EVP Patrick D. Sugar sold 2,706 shares of the firm's stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $386.74, for a total value of $1,046,518.44. Following the transaction, the executive vice president directly owned 9,121 shares of the company's stock, valued at approximately $3,527,455.54. This trade represents a 22.88% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Frederick J. Holzgrefe III sold 4,775 shares of the firm's stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $388.80, for a total transaction of $1,856,520.00. Following the completion of the transaction, the chief executive officer directly owned 22,743 shares in the company, valued at approximately $8,842,478.40. This represents a 17.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 15,533 shares of company stock valued at $6,015,055. Company insiders own 0.30% of the company's stock.

Wall Street Analysts Forecast Growth

SAIA has been the topic of several research analyst reports. Weiss Ratings reiterated a "hold (c)" rating on shares of Saia in a research report on Monday, December 29th. Benchmark lifted their target price on shares of Saia from $360.00 to $400.00 and gave the company a "buy" rating in a research report on Wednesday, February 11th. Wolfe Research upgraded shares of Saia from a "peer perform" rating to an "outperform" rating in a research report on Tuesday, April 7th. Stephens lifted their target price on shares of Saia from $414.00 to $445.00 and gave the company an "overweight" rating in a research report on Wednesday, February 11th. Finally, Jefferies Financial Group lifted their target price on shares of Saia from $500.00 to $550.00 and gave the company a "buy" rating in a research report on Wednesday. Ten research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $392.32.

Saia 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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