SG Americas Securities LLC Buys 14,981 Shares of Saia, Inc. $SAIA

Key Points

• SG Americas Securities boosted its stake in Saia by 309.8% in Q4, buying 14,981 shares to hold 19,817 shares (about 0.07% of the company) valued at roughly $6.47 million.
• Company insiders have been selling: the CFO and CEO disposed of shares in February, and insiders sold 15,533 shares worth about $6.02 million over the past three months, leaving insiders with ~0.30% ownership.
• Latest quarter: Saia missed EPS expectations ($1.77 vs. $1.90) while beating revenue estimates ($789.95M vs. $773.82M); analysts have a consensus "Hold" rating with an average target of $379.47 and a 52-week range of $229.12–$430.11.

SG Americas Securities LLC grew its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 309.8% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,817 shares of the transportation company's stock after purchasing an additional 14,981 shares during the quarter. SG Americas Securities LLC owned about 0.07% of Saia worth $6,471,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State of Wyoming acquired a new stake in shares of Saia during the third quarter worth $30,000. Allworth Financial LP lifted its holdings 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 buying an additional 58 shares during the period. Annis Gardner Whiting Capital Advisors LLC boosted its position in Saia by 6,400.0% during the third quarter. Annis Gardner Whiting Capital Advisors LLC now owns 195 shares of the transportation company's stock valued at $58,000 after acquiring an additional 192 shares during the last quarter. Danske Bank A S bought a new stake in Saia during the third quarter valued at $60,000. Finally, Advisory Services Network LLC acquired a new stake in Saia during the 3rd quarter worth about $60,000.

Saia Stock Performance

SAIA opened at $351.28 on Wednesday. Saia, Inc. has a 1-year low of $229.12 and a 1-year high of $430.11. The company has a market cap of $9.37 billion, a price-to-earnings ratio of 36.90, a PEG ratio of 1.82 and a beta of 2.04. The company's fifty day moving average price is $366.88 and its two-hundred day moving average price is $330.50. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.06.

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). The business had revenue of $789.95 million for the quarter, compared to analyst estimates of $773.82 million. Saia had a net margin of 7.89% and a return on equity of 9.86%. The firm's quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.84 earnings per share. On average, analysts expect that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Insider Buying and Selling at Saia

In other Saia news, CFO Matthew J. Batteh sold 1,110 shares of Saia stock in a transaction dated Thursday, February 12th. The stock was sold at an average price of $375.71, for a total transaction of $417,038.10. Following the completion of the transaction, the chief financial officer 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Frederick J. Holzgrefe III sold 4,775 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer directly owned 22,743 shares of the company's stock, valued at approximately $8,842,478.40. This trade represents a 17.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 15,533 shares of company stock worth $6,015,055. 0.30% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Bank of America lifted their price objective on Saia from $413.00 to $429.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 3rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Saia in a research note on Monday, December 29th. Wolfe Research reiterated a "peer perform" rating on shares of Saia in a report on Thursday, January 8th. Susquehanna downgraded Saia from a "positive" rating to a "neutral" rating and lifted their target price for the stock from $390.00 to $425.00 in a report on Wednesday, February 11th. Finally, UBS Group restated a "buy" rating and set a $493.00 price target on shares of Saia in a report on Wednesday, February 11th. Nine research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, Saia presently has a consensus rating of "Hold" and an average target price of $379.47.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.