Voya Investment Management LLC Acquires 57,307 Shares of Saia, Inc. $SAIA

Voya Investment Management LLC raised its stake in Saia, Inc. (NASDAQ:SAIA) by 35.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 220,456 shares of the transportation company’s stock after buying an additional 57,307 shares during the period. Voya Investment Management LLC owned about 0.83% of Saia worth $65,996,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Parkside Financial Bank & Trust grew its stake in Saia by 177.5% in the second quarter. Parkside Financial Bank & Trust now owns 111 shares of the transportation company’s stock worth $30,000 after purchasing an additional 71 shares in the last quarter. AlphaQuest LLC bought a new position in shares of Saia during the 2nd quarter worth $41,000. Blue Trust Inc. grew its position in shares of Saia by 52.9% during the 2nd quarter. Blue Trust Inc. now owns 208 shares of the transportation company’s stock worth $57,000 after buying an additional 72 shares in the last quarter. CWM LLC increased its stake in shares of Saia by 21.6% during the second quarter. CWM LLC now owns 248 shares of the transportation company’s stock valued at $68,000 after buying an additional 44 shares during the period. Finally, Mattson Financial Services LLC raised its holdings in shares of Saia by 17.5% in the first quarter. Mattson Financial Services LLC now owns 382 shares of the transportation company’s stock valued at $133,000 after acquiring an additional 57 shares in the last quarter.

Wall Street Analyst Weigh In

Several research analysts have issued reports on SAIA shares. Wells Fargo & Company dropped their target price on shares of Saia from $365.00 to $330.00 and set an “equal weight” rating on the stock in a report on Monday, October 6th. Citigroup dropped their target price on Saia from $371.00 to $365.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Benchmark restated a “buy” rating on shares of Saia in a research note on Wednesday, December 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Saia in a research note on Monday. Finally, UBS Group increased their price target on shares of Saia from $305.00 to $374.00 and gave the company a “buy” rating in a research report on Friday, October 3rd. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and thirteen have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Saia currently has a consensus rating of “Moderate Buy” and an average price target of $335.85.

Insiders Place Their Bets

In related news, VP Raymond R. Ramu sold 1,000 shares of the stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $266.57, for a total value of $266,570.00. Following the transaction, the vice president owned 4,902 shares in the company, valued at approximately $1,306,726.14. This represents a 16.94% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Donna E. Epps acquired 422 shares of the firm’s stock in a transaction on Wednesday, November 26th. The shares were acquired at an average price of $277.60 per share, with a total value of $117,147.20. Following the completion of the purchase, the director owned 1,852 shares in the company, valued at approximately $514,115.20. This trade represents a 29.51% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.30% of the company’s stock.

Saia Stock Performance

SAIA opened at $320.29 on Friday. The company has a market cap of $8.53 billion, a P/E ratio of 30.24, a price-to-earnings-growth ratio of 10.65 and a beta of 2.10. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.09. The firm’s 50-day moving average price is $297.69 and its 200-day moving average price is $295.07. Saia, Inc. has a 52-week low of $229.12 and a 52-week high of $538.03.

Saia (NASDAQ:SAIA) last released its earnings results on Thursday, October 30th. The transportation company reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.53 by $0.28. The company had revenue of $839.64 million for the quarter, compared to the consensus estimate of $824.06 million. Saia had a net margin of 8.77% and a return on equity of 11.32%. Saia’s revenue was down .3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.46 EPS. As a group, equities analysts anticipate that Saia, Inc. will post 15.46 EPS 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.