Ranger Investment Management L.P. Has $24.27 Million Stock Holdings in Saia, Inc. $SAIA

Ranger Investment Management L.P. grew its stake in Saia, Inc. (NASDAQ:SAIA) by 38.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 81,070 shares of the transportation company’s stock after buying an additional 22,355 shares during the period. Saia accounts for about 1.7% of Ranger Investment Management L.P.’s holdings, making the stock its 27th biggest holding. Ranger Investment Management L.P. owned 0.30% of Saia worth $24,269,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Viking Global Investors LP bought a new stake in Saia in the second quarter valued at $226,770,000. Wasatch Advisors LP raised its stake in shares of Saia by 25.3% during the 2nd quarter. Wasatch Advisors LP now owns 825,687 shares of the transportation company’s stock worth $226,230,000 after purchasing an additional 166,486 shares during the period. Bessemer Group Inc. boosted its stake in Saia by 21.9% in the third quarter. Bessemer Group Inc. now owns 505,522 shares of the transportation company’s stock valued at $151,334,000 after acquiring an additional 90,926 shares during the last quarter. Norges Bank purchased a new position in Saia in the second quarter valued at approximately $103,599,000. Finally, First Trust Advisors LP grew its stake in shares of Saia by 5.8% during the 2nd quarter. First Trust Advisors LP now owns 230,923 shares of the transportation company’s stock worth $63,271,000 after acquiring an additional 12,669 shares during the period.

Wall Street Analysts Forecast Growth

SAIA has been the topic of several analyst reports. Redburn Partners set a $262.00 price target on Saia in a research report on Wednesday, November 26th. Benchmark reiterated a “buy” rating on shares of Saia in a report on Wednesday, December 3rd. Rothschild & Co Redburn assumed coverage on shares of Saia in a report on Wednesday, November 26th. They set a “neutral” rating and a $262.00 target price on the stock. Susquehanna lifted their price target on Saia from $350.00 to $390.00 and gave the stock a “positive” rating in a research note on Monday, January 5th. Finally, Citigroup boosted their price objective on shares of Saia from $365.00 to $431.00 and gave the company a “buy” rating in a research report on Wednesday, January 7th. Ten investment analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to data from MarketBeat, Saia has a consensus rating of “Hold” and an average price target of $345.35.

Insider Transactions at Saia

In other Saia news, VP Raymond R. Ramu sold 1,000 shares of Saia stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $266.57, for a total transaction of $266,570.00. Following the transaction, the vice president owned 4,902 shares of the company’s stock, valued at $1,306,726.14. The trade was a 16.94% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Donna E. Epps bought 422 shares of the firm’s stock in a transaction that occurred on Wednesday, November 26th. The shares were acquired at an average cost of $277.60 per share, for a total transaction of $117,147.20. Following the purchase, the director directly owned 1,852 shares in the company, valued at $514,115.20. This trade represents a 29.51% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 0.30% of the company’s stock.

Saia Stock Performance

Shares of NASDAQ SAIA opened at $409.35 on Friday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.09. Saia, Inc. has a 52-week low of $229.12 and a 52-week high of $538.03. The company has a market cap of $10.91 billion, a PE ratio of 38.22 and a beta of 2.09. The firm’s 50-day moving average price is $343.44 and its 200-day moving average price is $312.82.

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.