Gateway Investment Advisers LLC Sells 1,363 Shares of Saia, Inc. $SAIA

Gateway Investment Advisers LLC cut its position in Saia, Inc. (NASDAQ:SAIA) by 20.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,253 shares of the transportation company’s stock after selling 1,363 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Saia were worth $1,715,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Parallel Advisors LLC boosted its stake in Saia by 7.3% in the 3rd quarter. Parallel Advisors LLC now owns 532 shares of the transportation company’s stock valued at $159,000 after purchasing an additional 36 shares during the period. GHP Investment Advisors Inc. boosted its stake in Saia by 0.5% in the 3rd quarter. GHP Investment Advisors Inc. now owns 8,182 shares of the transportation company’s stock valued at $2,449,000 after purchasing an additional 38 shares during the period. Boothbay Fund Management LLC lifted its position 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 valued at $384,000 after acquiring an additional 43 shares during the period. Vident Advisory LLC lifted its position in shares of Saia by 4.4% during the 2nd quarter. Vident Advisory LLC now owns 1,075 shares of the transportation company’s stock valued at $295,000 after acquiring an additional 45 shares during the period. Finally, Park Avenue Securities LLC lifted its position in shares of Saia by 2.0% during the 4th quarter. Park Avenue Securities LLC now owns 2,369 shares of the transportation company’s stock valued at $774,000 after acquiring an additional 46 shares during the period.

Saia Price Performance

Saia stock opened at $449.80 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.52 and a current ratio of 1.52. Saia, Inc. has a 52 week low of $248.37 and a 52 week high of $460.05. The stock has a market capitalization of $12.00 billion, a P/E ratio of 47.25, a price-to-earnings-growth ratio of 2.15 and a beta of 2.12. The stock has a fifty day moving average of $384.48 and a 200-day moving average of $349.82.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Thursday, April 30th. The transportation company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.82 by $0.04. Saia had a return on equity of 9.60% and a net margin of 7.84%.The company had revenue of $806.23 million during the quarter, compared to analysts’ expectations of $789.08 million. During the same quarter in the previous year, the firm earned $1.86 EPS. Saia’s revenue was up 2.4% on a year-over-year basis. On average, sell-side analysts expect that Saia, Inc. will post 11.36 earnings per share for the current fiscal year.

Insider Activity at Saia

In other news, CEO Frederick J. Holzgrefe III sold 4,775 shares of the business’s stock in a transaction on 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 owned 22,743 shares of the company’s stock, valued at approximately $8,842,478.40. The trade was a 17.35% decrease in their position. 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 business’s stock in a transaction on Friday, February 13th. The stock was 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 $1,408,646.45. This trade represents a 59.00% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 15,533 shares of company stock worth $6,015,055 in the last three months. Insiders own 0.30% of the company’s stock.

Analyst Ratings Changes

SAIA has been the subject of a number of recent analyst reports. Jefferies Financial Group upped their target price on Saia from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday, April 22nd. Wells Fargo & Company upped their target price on Saia from $395.00 to $445.00 and gave the company an “equal weight” rating in a research report on Friday, May 1st. Evercore set a $476.00 target price on Saia in a research report on Friday, May 1st. Bank of America upped their target price on Saia from $413.00 to $429.00 and gave the company a “neutral” rating in a research report on Tuesday, March 3rd. Finally, Wall Street Zen upgraded Saia from a “sell” rating to a “hold” rating in a research report on Monday, May 4th. Ten equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Saia has a consensus rating of “Hold” and a consensus price target of $444.94.

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.