Primecap Management Co. CA Has $16.29 Million Stock Position in Saia, Inc. $SAIA

Primecap Management Co. CA increased its position in shares of Saia, Inc. (NASDAQ:SAIA) by 9.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 54,420 shares of the transportation company’s stock after buying an additional 4,900 shares during the period. Primecap Management Co. CA owned 0.20% of Saia worth $16,291,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. GHP Investment Advisors Inc. grew its position in shares of Saia by 0.5% in the third 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 last quarter. Boothbay Fund Management LLC grew its holdings in Saia by 3.2% in the 2nd quarter. Boothbay Fund Management LLC now owns 1,401 shares of the transportation company’s stock valued at $384,000 after buying an additional 43 shares during the last quarter. CWM LLC grew its holdings in Saia by 21.6% in the 2nd 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 last quarter. ProShare Advisors LLC increased its position in Saia by 3.8% in the 2nd quarter. ProShare Advisors LLC now owns 1,238 shares of the transportation company’s stock worth $339,000 after buying an additional 45 shares during the period. Finally, Sheets Smith Wealth Management raised its stake in Saia by 1.7% during the 3rd quarter. Sheets Smith Wealth Management now owns 2,632 shares of the transportation company’s stock valued at $788,000 after purchasing an additional 45 shares during the last quarter.

Insider Activity at Saia

In related news, CFO Matthew J. Batteh sold 1,110 shares of the firm’s stock in a transaction dated Thursday, February 12th. The shares were sold at an average price of $375.71, for a total value of $417,038.10. Following the completion of the sale, the chief financial officer directly owned 5,360 shares in the company, valued at approximately $2,013,805.60. This trade represents a 17.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Kelly W. Benton sold 800 shares of the firm’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $389.00, for a total value of $311,200.00. Following the completion of the sale, the chief accounting officer directly owned 3,157 shares of the company’s stock, valued at approximately $1,228,073. The trade was a 20.22% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 15,533 shares of company stock worth $6,015,055. Corporate insiders own 0.30% of the company’s stock.

Saia Stock Performance

Saia stock opened at $405.39 on Friday. The company has a market cap of $10.81 billion, a PE ratio of 42.58, a PEG ratio of 2.16 and a beta of 2.09. The company has a current ratio of 1.64, a quick ratio of 1.68 and a debt-to-equity ratio of 0.06. Saia, Inc. has a 1 year low of $229.12 and a 1 year high of $420.09. The company’s 50-day moving average is $365.23 and its two-hundred day moving average is $323.17.

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). The firm had revenue of $789.95 million during the quarter, compared to the consensus estimate of $773.82 million. Saia had a net margin of 7.89% and a return on equity of 9.86%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the company posted $2.84 EPS. Equities analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently commented on SAIA. BMO Capital Markets set a $425.00 price objective on shares of Saia in a research report on Thursday, February 19th. Evercore set a $435.00 price target on Saia in a research note on Wednesday, February 11th. Wolfe Research reaffirmed a “peer perform” rating on shares of Saia in a report on Thursday, January 8th. Stephens lifted their price objective on Saia from $414.00 to $445.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Finally, UBS Group restated a “buy” rating and set a $493.00 price objective on shares of Saia in a research report on Wednesday, February 11th. Nine investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Saia presently has an average rating of “Hold” and a consensus target price of $379.63.

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.