Lighthouse Investment Partners LLC Acquires 1,859 Shares of Saia, Inc. $SAIA

Lighthouse Investment Partners LLC boosted its holdings in Saia, Inc. (NASDAQ:SAIA) by 10.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,217 shares of the transportation company’s stock after buying an additional 1,859 shares during the period. Lighthouse Investment Partners LLC owned approximately 0.08% of Saia worth $6,052,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State of Wyoming bought a new position in Saia in the 3rd quarter worth about $30,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake in shares of Saia by 6,400.0% in the 3rd quarter. Annis Gardner Whiting Capital Advisors LLC now owns 195 shares of the transportation company’s stock valued at $58,000 after purchasing an additional 192 shares in the last quarter. HM Payson & Co. boosted its position in Saia by 28.9% during the third quarter. HM Payson & Co. now owns 205 shares of the transportation company’s stock valued at $61,000 after buying an additional 46 shares during the period. UMB Bank n.a. grew its stake in shares of Saia by 28.4% during the third quarter. UMB Bank n.a. now owns 298 shares of the transportation company’s stock valued at $89,000 after buying an additional 66 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in shares of Saia by 21.3% in the third quarter. GAMMA Investing LLC now owns 455 shares of the transportation company’s stock worth $136,000 after buying an additional 80 shares during the period.

Insider Activity at Saia

In other news, CAO Kelly W. Benton sold 800 shares of the company’s stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $389.00, for a total value of $311,200.00. Following the completion of the transaction, the chief accounting officer owned 3,157 shares of the company’s stock, valued at $1,228,073. This represents a 20.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Frederick J. Holzgrefe III sold 4,775 shares of Saia stock in a transaction that occurred on 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 sale, the chief executive officer directly owned 22,743 shares in the company, valued at $8,842,478.40. This trade represents a 17.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 15,533 shares of company stock worth $6,015,055 in the last 90 days. Company insiders own 0.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. Wells Fargo & Company raised their price objective on Saia from $310.00 to $395.00 and gave the company an “equal weight” rating in a research report on Wednesday, February 11th. Wall Street Zen cut shares of Saia from a “hold” rating to a “sell” rating in a report on Sunday, February 15th. Benchmark increased their target price on Saia from $360.00 to $400.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. Wolfe Research reaffirmed a “peer perform” rating on shares of Saia in a research report on Thursday, January 8th. Finally, UBS Group reiterated a “buy” rating and issued a $493.00 price target on shares of Saia in a research note on Wednesday, February 11th. Nine investment analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Saia presently has a consensus rating of “Hold” and an average price target of $379.47.

Saia Stock Performance

SAIA opened at $327.71 on Tuesday. The company’s 50 day moving average is $372.57 and its 200 day moving average is $328.30. The company has a market cap of $8.74 billion, a price-to-earnings ratio of 34.42, a PEG ratio of 1.73 and a beta of 2.04. Saia, Inc. has a 12-month low of $229.12 and a 12-month high of $430.11. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.06.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Tuesday, February 10th. The transportation company reported $1.77 EPS for the quarter, missing analysts’ consensus estimates of $1.90 by ($0.13). The company had revenue of $789.95 million during the quarter, compared to analysts’ expectations of $773.82 million. Saia had a return on equity of 9.86% and a net margin of 7.89%.The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.84 EPS. On average, equities research analysts predict that Saia, Inc. will post 15.46 EPS for the current year.

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.