Saia, Inc. $SAIA Shares Sold by Running Oak Capital LLC

Running Oak Capital LLC lessened its position in Saia, Inc. (NASDAQ:SAIA) by 24.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,492 shares of the transportation company’s stock after selling 13,141 shares during the period. Running Oak Capital LLC owned approximately 0.15% of Saia worth $13,221,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Diversify Advisory Services LLC acquired a new stake in shares of Saia in the 4th quarter worth about $217,000. Lincoln Capital Corp acquired a new stake in shares of Saia in the 4th quarter worth about $1,371,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Saia by 3.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 9,690 shares of the transportation company’s stock worth $3,164,000 after acquiring an additional 344 shares during the period. Oak Thistle LLC acquired a new stake in shares of Saia in the 4th quarter worth about $233,000. Finally, Greenleaf Trust acquired a new stake in shares of Saia in the 4th quarter worth about $228,000.

Insider Activity at Saia

In other 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 transaction of $417,038.10. Following the completion of the transaction, the chief financial officer 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Raymond R. Ramu sold 5,226 shares of the firm’s stock in a transaction dated 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 transaction, the vice president owned 3,631 shares of the company’s stock, valued at approximately $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. In the last 90 days, insiders have sold 15,533 shares of company stock worth $6,015,055. Company insiders own 0.30% of the company’s stock.

Saia Stock Performance

Shares of SAIA opened at $401.85 on Monday. The firm has a 50-day moving average price of $371.29 and a 200 day moving average price of $334.22. The firm has a market capitalization of $10.72 billion, a PE ratio of 42.21, a P/E/G ratio of 2.17 and a beta of 2.04. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.06. Saia, Inc. has a 52-week low of $229.12 and a 52-week high of $430.11.

Saia (NASDAQ:SAIA) last announced its earnings results on Tuesday, February 10th. The transportation company reported $1.77 earnings per share (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 the consensus estimate of $773.82 million. Saia had a net margin of 7.89% and a return on equity of 9.86%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.84 EPS. On average, sell-side analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on SAIA shares. Barclays increased their price objective on shares of Saia from $380.00 to $400.00 and gave the stock an “overweight” rating in a report on Wednesday, February 11th. Morgan Stanley lowered shares of Saia from an “equal weight” rating to an “underweight” rating and set a $250.00 target price for the company. in a research report on Tuesday, February 10th. Bank of America increased their target price on shares of Saia from $413.00 to $429.00 and gave the company a “neutral” rating in a research report on Tuesday, March 3rd. BMO Capital Markets set a $425.00 target price on shares of Saia in a research report on Thursday, February 19th. Finally, UBS Group reiterated a “buy” rating and issued a $493.00 target price on shares of Saia in a research report on Wednesday, February 11th. Ten research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $379.47.

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.