ZWJ Investment Counsel Inc. Has $34.47 Million Stock Holdings in Saia, Inc. $SAIA
by Amy Steele · The Cerbat GemZWJ Investment Counsel Inc. reduced its position in Saia, Inc. (NASDAQ:SAIA – Free Report) by 2.8% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 115,133 shares of the transportation company’s stock after selling 3,287 shares during the period. ZWJ Investment Counsel Inc.’s holdings in Saia were worth $34,467,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Viking Global Investors LP acquired a new stake in Saia in the second quarter worth about $226,770,000. Norges Bank bought a new position in Saia in the second quarter valued at approximately $103,599,000. Alliancebernstein L.P. grew its holdings in Saia by 17.3% during the 1st quarter. Alliancebernstein L.P. now owns 2,275,661 shares of the transportation company’s stock worth $795,184,000 after acquiring an additional 336,046 shares during the period. Select Equity Group L.P. lifted its stake in shares of Saia by 59.6% in the 1st quarter. Select Equity Group L.P. now owns 480,498 shares of the transportation company’s stock valued at $167,900,000 after purchasing an additional 179,444 shares during the period. Finally, Wasatch Advisors LP lifted its stake in shares of Saia by 25.3% in the 2nd quarter. Wasatch Advisors LP now owns 825,687 shares of the transportation company’s stock valued at $226,230,000 after purchasing an additional 166,486 shares during the period.
Saia Stock Up 0.5%
SAIA opened at $329.81 on Thursday. The stock has a fifty day moving average of $299.64 and a 200-day moving average of $296.79. Saia, Inc. has a fifty-two week low of $229.12 and a fifty-two week high of $538.03. The company has a market capitalization of $8.79 billion, a P/E ratio of 31.14 and a beta of 2.10. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.68 and a current ratio of 1.68.
Saia (NASDAQ:SAIA – Get Free Report) last issued its quarterly earnings results on Thursday, October 30th. The transportation company reported $2.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.53 by $0.28. Saia had a return on equity of 11.32% and a net margin of 8.77%.The business had revenue of $839.64 million for the quarter, compared to the consensus estimate of $824.06 million. During the same quarter in the prior year, the business posted $3.46 earnings per share. The firm’s quarterly revenue was down .3% compared to the same quarter last year. On average, equities analysts expect that Saia, Inc. will post 15.46 EPS for the current year.
Insider Activity at Saia
In related news, VP Raymond R. Ramu sold 1,000 shares of the stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $266.57, for a total value of $266,570.00. Following the completion of the sale, the vice president directly owned 4,902 shares in the company, valued at $1,306,726.14. This represents a 16.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Donna E. Epps purchased 422 shares of the stock in a transaction on Wednesday, November 26th. The shares were purchased at an average price of $277.60 per share, with a total value of $117,147.20. Following the acquisition, the director owned 1,852 shares in the company, valued at approximately $514,115.20. The trade was a 29.51% increase in their position. The SEC filing for this purchase provides additional information. 0.30% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
SAIA has been the subject of a number of recent analyst reports. Rothschild & Co Redburn initiated coverage on Saia in a report on Wednesday, November 26th. They issued a “neutral” rating and a $262.00 price objective for the company. Raymond James Financial decreased their target price on Saia from $360.00 to $355.00 and set an “outperform” rating for the company in a research report on Tuesday, October 14th. Citigroup reduced their price objective on shares of Saia from $371.00 to $365.00 and set a “buy” rating on the stock in a research note on Friday, October 31st. Redburn Partners set a $262.00 target price on shares of Saia in a research note on Wednesday, November 26th. Finally, Bank of America raised their price target on Saia from $322.00 to $367.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 17th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and thirteen have given a Hold rating to the company. According to data from MarketBeat.com, Saia presently has a consensus rating of “Moderate Buy” and an average target price of $335.85.
View Our Latest Research Report on SAIA
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.
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