Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently sold shares of Saia, Inc. NASDAQ: SAIA. In a filing disclosed on February 13th, the Representative disclosed that they had sold between $1,001 and $15,000 in Saia stock on January 13th. The trade occurred in the Representative's "JOINT OWNERSHIP LPL ACCOUNT" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Sold $15,001 - $50,000 in shares of Lowe's Companies NYSE: LOW on 2/7/2025.
- Purchased $1,001 - $15,000 in shares of ServiceNow NYSE: NOW on 2/3/2025.
- Purchased $1,001 - $15,000 in shares of Take-Two Interactive Software NASDAQ: TTWO on 2/3/2025.
- Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 2/3/2025.
- Purchased $1,001 - $15,000 in shares of Alibaba Group NYSE: BABA on 1/30/2025.
- Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 1/30/2025.
- Sold $1,001 - $15,000 in shares of Robinhood Markets NASDAQ: HOOD on 1/29/2025.
- Sold $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 1/29/2025.
- Sold $1,001 - $15,000 in shares of Manhattan Associates NASDAQ: MANH on 1/29/2025.
- Sold $1,001 - $15,000 in shares of Credo Technology Group NASDAQ: CRDO on 1/29/2025.
Saia Stock Performance
NASDAQ:SAIA traded up $14.31 during trading hours on Tuesday, hitting $501.84. 30,420 shares of the company were exchanged, compared to its average volume of 362,332. The company's 50 day moving average price is $485.59 and its 200-day moving average price is $464.97. The stock has a market capitalization of $13.34 billion, a price-to-earnings ratio of 37.16, a PEG ratio of 2.51 and a beta of 1.79. Saia, Inc. has a 52-week low of $358.90 and a 52-week high of $628.34. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26.
Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 earnings per share for the quarter, missing analysts' consensus estimates of $2.87 by ($0.03). Saia had a net margin of 11.28% and a return on equity of 16.63%. The firm had revenue of $789.00 million during the quarter, compared to analyst estimates of $794.69 million. During the same period in the prior year, the company posted $3.33 earnings per share. The firm's revenue for the quarter was up 5.0% on a year-over-year basis. As a group, research analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alliancebernstein L.P. increased its position in Saia by 69.3% during the 4th quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company's stock worth $883,941,000 after purchasing an additional 794,197 shares in the last quarter. Balyasny Asset Management L.P. increased its holdings in Saia by 24,815.0% in the fourth quarter. Balyasny Asset Management L.P. now owns 372,728 shares of the transportation company's stock valued at $169,863,000 after buying an additional 371,232 shares during the last quarter. Select Equity Group L.P. bought a new stake in shares of Saia in the 4th quarter valued at approximately $137,199,000. Interval Partners LP acquired a new position in Saia in the fourth quarter valued at approximately $89,229,000. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Saia by 76.2% in the 4th quarter. Ameriprise Financial Inc. now owns 355,929 shares of the transportation company's stock worth $162,213,000 after purchasing an additional 153,896 shares during the last quarter.
Insider Buying and Selling at Saia
In other news, EVP Patrick D. Sugar sold 799 shares of the company's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $493.74, for a total transaction of $394,498.26. Following the completion of the sale, the executive vice president now directly owns 8,629 shares of the company's stock, valued at $4,260,482.46. This represents a 8.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of Saia stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $487.34, for a total value of $3,671,619.56. Following the transaction, the chief executive officer now directly owns 17,645 shares in the company, valued at approximately $8,599,114.30. This trade represents a 29.92 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,453 shares of company stock worth $4,693,318. 0.30% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Several research firms have recently commented on SAIA. BMO Capital Markets upped their price objective on shares of Saia from $465.00 to $495.00 and gave the company a "market perform" rating in a report on Monday, October 28th. Wells Fargo & Company lowered their price target on shares of Saia from $550.00 to $510.00 and set an "equal weight" rating on the stock in a report on Tuesday, February 4th. Bank of America reduced their price objective on Saia from $600.00 to $565.00 and set a "buy" rating for the company in a research note on Tuesday, February 4th. Raymond James lowered their target price on Saia from $560.00 to $540.00 and set an "outperform" rating on the stock in a research note on Tuesday, February 4th. Finally, Barclays reduced their price target on Saia from $620.00 to $600.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Saia currently has an average rating of "Moderate Buy" and an average price target of $535.41.
Get Our Latest Report on Saia
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
About Saia
(
Get Free Report)
Saia, Inc, together with its subsidiaries, operates as a transportation company in North America. The company provides less-than-truckload services for shipments between 100 and 10,000 pounds; and other value-added services, including non-asset truckload, expedited, and logistics services. It also offers other value-added services, including non-asset truckload, expedited, and logistics services.
Further Reading
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