33,363 Shares in Saia, Inc. (NASDAQ:SAIA) Acquired by Echo Street Capital Management LLC

Echo Street Capital Management LLC bought a new stake in shares of Saia, Inc. (NASDAQ:SAIAGet Rating) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 33,363 shares of the transportation company’s stock, valued at approximately $8,135,000. Echo Street Capital Management LLC owned about 0.13% of Saia at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Engineers Gate Manager LP lifted its holdings in shares of Saia by 9.7% during the first quarter. Engineers Gate Manager LP now owns 15,799 shares of the transportation company’s stock valued at $3,852,000 after purchasing an additional 1,395 shares in the last quarter. Cresset Asset Management LLC lifted its stake in Saia by 6.0% during the 1st quarter. Cresset Asset Management LLC now owns 907 shares of the transportation company’s stock valued at $221,000 after acquiring an additional 51 shares during the period. Atria Wealth Solutions Inc. purchased a new stake in shares of Saia during the 1st quarter valued at about $315,000. Graham Capital Management L.P. grew its stake in shares of Saia by 34.0% in the first quarter. Graham Capital Management L.P. now owns 2,982 shares of the transportation company’s stock worth $727,000 after acquiring an additional 757 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Saia by 76.3% during the first quarter. Renaissance Technologies LLC now owns 160,598 shares of the transportation company’s stock valued at $39,157,000 after purchasing an additional 69,500 shares during the last quarter.

Saia Stock Up 3.4 %

Shares of SAIA stock opened at $202.28 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.58 and a quick ratio of 1.58. Saia, Inc. has a one year low of $168.03 and a one year high of $365.50. The company’s fifty day moving average price is $218.11 and its 200-day moving average price is $219.91. The company has a market capitalization of $5.34 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 0.74 and a beta of 1.44.

Saia (NASDAQ:SAIAGet Rating) last issued its quarterly earnings results on Wednesday, July 27th. The transportation company reported $4.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.48 by $0.62. Saia had a return on equity of 26.79% and a net margin of 12.96%. The business had revenue of $745.55 million during the quarter, compared to analyst estimates of $731.26 million. During the same quarter in the prior year, the business posted $2.34 EPS. Saia’s revenue for the quarter was up 30.5% compared to the same quarter last year. Sell-side analysts expect that Saia, Inc. will post 13.81 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Di-Ann Eisnor sold 456 shares of Saia stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of $224.04, for a total transaction of $102,162.24. Following the sale, the director now owns 5,835 shares in the company, valued at $1,307,273.40. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Saia news, Director Di-Ann Eisnor sold 456 shares of the business’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $224.04, for a total value of $102,162.24. Following the sale, the director now owns 5,835 shares in the company, valued at approximately $1,307,273.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Douglas L. Col sold 1,671 shares of the firm’s stock in a transaction dated Friday, August 5th. The shares were sold at an average price of $241.24, for a total value of $403,112.04. Following the transaction, the chief financial officer now owns 6,505 shares of the company’s stock, valued at approximately $1,569,266.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,301 shares of company stock worth $9,727,819. 0.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

SAIA has been the topic of several research reports. Susquehanna Bancshares raised their target price on shares of Saia from $265.00 to $270.00 in a report on Thursday, July 28th. Credit Suisse Group lifted their price objective on Saia from $234.00 to $253.00 and gave the stock an “outperform” rating in a report on Thursday, July 28th. Evercore ISI lowered their target price on Saia from $298.00 to $250.00 and set an “outperform” rating on the stock in a report on Tuesday, July 12th. Citigroup set a $212.00 price target on Saia in a research note on Tuesday, July 19th. Finally, Morgan Stanley increased their price objective on shares of Saia from $180.00 to $195.00 and gave the stock an “underweight” rating in a research note on Friday, August 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, Saia has an average rating of “Moderate Buy” and an average target price of $267.71.

About Saia

(Get Rating)

Saia, Inc, through its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 400 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. As of December 31, 2021, it operated 176 owned and leased facilities; and owned approximately 5,600 tractors and 19,300 trailers.

See Also

Institutional Ownership by Quarter for Saia (NASDAQ:SAIA)

Receive News & Ratings for Saia Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Saia and related companies with MarketBeat.com's FREE daily email newsletter.