Neuberger Berman Group LLC Grows Stock Holdings in Saia, Inc. $SAIA

Neuberger Berman Group LLC boosted its stake in Saia, Inc. (NASDAQ:SAIA) by 39.9% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 253,957 shares of the transportation company’s stock after purchasing an additional 72,374 shares during the period. Neuberger Berman Group LLC’s holdings in Saia were worth $76,025,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Wilson Asset Management International PTY Ltd. acquired a new position in shares of Saia in the third quarter valued at approximately $1,538,000. Stephens Investment Management Group LLC raised its stake in shares of Saia by 3.7% during the third quarter. Stephens Investment Management Group LLC now owns 117,946 shares of the transportation company’s stock worth $35,308,000 after purchasing an additional 4,155 shares during the last quarter. Voya Investment Management LLC lifted its holdings in shares of Saia by 35.1% during the third quarter. Voya Investment Management LLC now owns 220,456 shares of the transportation company’s stock worth $65,996,000 after purchasing an additional 57,307 shares during the period. Capital Fund Management S.A. acquired a new stake in shares of Saia during the second quarter worth $7,532,000. Finally, Global Retirement Partners LLC purchased a new position in Saia in the 2nd quarter valued at $452,000.

Analysts Set New Price Targets

Several brokerages have issued reports on SAIA. Wall Street Zen cut shares of Saia from a “hold” rating to a “sell” rating in a research note on Sunday, February 15th. Citigroup lifted their target price on shares of Saia from $431.00 to $442.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Stephens boosted their price target on shares of Saia from $414.00 to $445.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Wells Fargo & Company increased their price target on shares of Saia from $310.00 to $395.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 11th. Finally, Evercore set a $435.00 price objective on shares of Saia in a research 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 assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $380.47.

Saia Trading Down 9.3%

NASDAQ:SAIA opened at $359.78 on Friday. Saia, Inc. has a 1 year low of $229.12 and a 1 year high of $430.11. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.64 and a current ratio of 1.64. The stock has a fifty day moving average price of $372.10 and a two-hundred day moving average price of $326.49. The stock has a market capitalization of $9.60 billion, a price-to-earnings ratio of 37.79, a PEG ratio of 2.12 and a beta of 2.04.

Saia (NASDAQ:SAIA) last issued its earnings results on Tuesday, February 10th. The transportation company reported $1.77 EPS 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 analysts’ expectations of $773.82 million. During the same quarter in the previous year, the firm posted $2.84 earnings per share. Saia’s revenue for the quarter was up .1% on a year-over-year basis. As a group, sell-side analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Insider Transactions at Saia

In other Saia news, CEO Frederick J. Holzgrefe III sold 4,775 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $388.80, for a total value of $1,856,520.00. Following the completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Raymond R. Ramu sold 5,226 shares of Saia stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $387.95, for a total transaction of $2,027,426.70. Following the sale, the vice president owned 3,631 shares of the company’s stock, valued at approximately $1,408,646.45. The trade was a 59.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 15,533 shares of company stock valued at $6,015,055. 0.30% of the stock is owned by company insiders.

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.