Running Oak Capital LLC Sells 4,940 Shares of Saia, Inc. $SAIA

Running Oak Capital LLC cut its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 8.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,633 shares of the transportation company’s stock after selling 4,940 shares during the quarter. Running Oak Capital LLC owned approximately 0.20% of Saia worth $16,056,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently modified their holdings of the company. State of Wyoming purchased a new position in shares of Saia in the third quarter valued at $30,000. Parkside Financial Bank & Trust lifted its holdings in Saia by 177.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 111 shares of the transportation company’s stock worth $30,000 after purchasing an additional 71 shares in the last quarter. AlphaQuest LLC bought a new position in Saia in the 2nd quarter worth about $41,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake in 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 worth $58,000 after purchasing an additional 192 shares during the period. Finally, HM Payson & Co. grew its holdings in Saia by 28.9% during the 3rd quarter. HM Payson & Co. now owns 205 shares of the transportation company’s stock valued at $61,000 after buying an additional 46 shares in the last quarter.

Saia Stock Up 9.8%

Shares of NASDAQ:SAIA opened at $367.75 on Tuesday. The firm has a market capitalization of $9.80 billion, a PE ratio of 34.73 and a beta of 2.09. 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, Inc. has a 52-week low of $229.12 and a 52-week high of $538.03. The firm has a fifty day moving average of $336.51 and a 200 day moving average of $310.91.

Insider Buying and Selling

In other Saia news, VP Raymond R. Ramu sold 1,000 shares of Saia stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $266.57, for a total transaction of $266,570.00. Following the transaction, the vice president directly owned 4,902 shares of the company’s stock, valued at approximately $1,306,726.14. This trade represents a 16.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Donna E. Epps bought 422 shares of Saia stock in a transaction that occurred on Wednesday, November 26th. The shares were acquired at an average cost of $277.60 per share, for a total transaction of $117,147.20. Following the acquisition, the director owned 1,852 shares in the company, valued at $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 company insiders.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on SAIA shares. Susquehanna increased their price target on shares of Saia from $350.00 to $390.00 and gave the stock a “positive” rating in a report on Monday, January 5th. Wall Street Zen cut shares of Saia from a “hold” rating to a “sell” rating in a research note on Saturday, December 20th. Citigroup raised their price target on shares of Saia from $365.00 to $431.00 and gave the company a “buy” rating in a report on Wednesday, January 7th. Bank of America boosted their price target on shares of Saia from $322.00 to $367.00 and gave the company a “neutral” rating in a research report on Wednesday, December 17th. Finally, JPMorgan Chase & Co. lifted their price objective on Saia from $349.00 to $365.00 and gave the company an “overweight” rating in a research note on Monday, January 12th. Ten equities research analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $345.35.

Saia Company 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.