Saia, Inc. $SAIA Shares Sold by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments trimmed its Saia stake by 3.6% in Q4, selling 5,452 shares and leaving it with 146,995 shares worth about $49.6M (≈0.55% of the company), even as other large funds like AllianceBernstein, Viking and Invesco substantially increased positions.
• Insiders have been selling: EVP Patrick Sugar and CFO Matthew Batteh sold stock in February, and insiders disposed of 15,533 shares totaling roughly $6.02M over the last three months, leaving insiders with about 0.30% ownership.
• Saia reported Q earnings of $1.77 EPS (missing estimates by $0.13) while revenue of $789.95M beat expectations, and analysts remain mixed with a consensus rating of "Hold" and an average price target of $379.47 (individual targets range widely).

Allspring Global Investments Holdings LLC lessened its holdings in Saia, Inc. (NASDAQ:SAIA - Free Report) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 146,995 shares of the transportation company's stock after selling 5,452 shares during the period. Allspring Global Investments Holdings LLC owned about 0.55% of Saia worth $49,562,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Alliancebernstein L.P. grew its holdings in 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 lifted its holdings in Saia by 0.8% during 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 in the last quarter. 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. increased its stake in shares of Saia by 1,300.4% during the third quarter. Invesco Ltd. now owns 701,418 shares of the transportation company's stock worth $209,976,000 after purchasing an additional 651,332 shares in the last quarter.

Insider Activity at Saia

In other news, EVP Patrick D. Sugar sold 2,706 shares of Saia stock in a transaction on Friday, February 13th. The stock was sold at an average price of $386.74, for a total transaction of $1,046,518.44. Following the transaction, the executive vice president owned 9,121 shares in the company, valued at $3,527,455.54. The trade was a 22.88% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Matthew J. Batteh sold 1,110 shares of the business's stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $375.71, for a total transaction of $417,038.10. Following the transaction, the chief financial officer directly owned 5,360 shares in the company, valued at approximately $2,013,805.60. The trade was a 17.16% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 15,533 shares of company stock valued at $6,015,055 in the last three months. Company insiders own 0.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. UBS Group reaffirmed a "buy" rating and issued a $493.00 price target on shares of Saia in a research note on Wednesday, February 11th. Stephens boosted their price objective on Saia from $414.00 to $445.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 11th. Susquehanna cut Saia from a "positive" rating to a "neutral" rating and increased their target price for the company from $390.00 to $425.00 in a report on Wednesday, February 11th. Benchmark raised 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. Finally, Morgan Stanley lowered Saia from an "equal weight" rating to an "underweight" rating and set a $250.00 price target on the stock. in a research note on Tuesday, February 10th. Nine investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Saia has an average rating of "Hold" and a consensus target price of $379.47.

Saia Stock Up 1.0%

SAIA stock opened at $354.88 on Thursday. 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 firm has a 50-day moving average of $366.78 and a two-hundred day moving average of $330.67. Saia, Inc. has a 12 month low of $229.12 and a 12 month high of $430.11. The company has a market cap of $9.46 billion, a price-to-earnings ratio of 37.28, a PEG ratio of 1.89 and a beta of 2.04.

Saia (NASDAQ:SAIA - Get Free Report) last issued 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). 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 analyst estimates of $773.82 million. During the same quarter in the prior year, the firm earned $2.84 earnings per share. The company's revenue for the quarter was up .1% on a year-over-year basis. As a group, analysts forecast that Saia, Inc. will post 15.46 earnings per share 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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