Rep. Robert Bresnahan, Jr. Sells Saia, Inc. (NASDAQ:SAIA) Stock

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 Intel (NASDAQ:INTC) 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 ServiceNow (NYSE:NOW) on 2/3/2025.
• Sold $1,001 – $15,000 in shares of Microsoft (NASDAQ:MSFT) on 1/30/2025.
• Purchased $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 1/30/2025.
• Purchased $1,001 – $15,000 in shares of Alibaba Group (NYSE:BABA) on 1/29/2025.
• Sold $1,001 – $15,000 in shares of Credo Technology Group (NASDAQ:CRDO) 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 NVIDIA (NASDAQ:NVDA) on 1/29/2025.

Saia Stock Performance

SAIA stock traded up $5.34 on Friday, hitting $487.53. The company’s stock had a trading volume of 243,508 shares, compared to its average volume of 391,539. The stock has a market cap of $12.96 billion, a price-to-earnings ratio of 36.09, a price-to-earnings-growth ratio of 2.51 and a beta of 1.79. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 1 year low of $358.90 and a 1 year high of $628.34. The firm has a 50 day moving average of $486.16 and a two-hundred day moving average of $463.61.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). The firm had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $3.33 EPS. Equities analysts predict that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Saia

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Saia by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 2,522,938 shares of the transportation company’s stock valued at $1,149,779,000 after acquiring an additional 25,090 shares during the last quarter. Alliancebernstein L.P. boosted its stake in shares of 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 during the last quarter. State Street Corp boosted its stake in shares of Saia by 3.1% during the 3rd quarter. State Street Corp now owns 805,597 shares of the transportation company’s stock worth $352,255,000 after purchasing an additional 24,351 shares during the last quarter. Wasatch Advisors LP boosted its stake in shares of Saia by 10.2% during the 3rd quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company’s stock worth $302,761,000 after purchasing an additional 64,351 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Saia by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 471,667 shares of the transportation company’s stock worth $206,292,000 after purchasing an additional 6,456 shares during the last quarter.

Insiders Place Their Bets

In other news, EVP Rohit Lal sold 1,120 shares of the stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $560.00, for a total transaction of $627,200.00. Following the transaction, the executive vice president now directly owns 8,270 shares in the company, valued at $4,631,200. This represents a 11.93 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the transaction, the chief executive officer now owns 17,645 shares in the company, valued at approximately $8,599,114.30. The trade was a 29.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,453 shares of company stock valued at $4,693,318 in the last ninety days. Insiders own 0.30% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on SAIA. The Goldman Sachs Group upped their price objective on shares of Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Susquehanna upped their price objective on shares of Saia from $530.00 to $540.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. JPMorgan Chase & Co. lowered their price target on shares of Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Stephens reaffirmed an “overweight” rating and set a $600.00 price target on shares of Saia in a research note on Thursday, February 6th. Finally, Barclays lowered their price target on shares of Saia from $620.00 to $600.00 and set an “overweight” rating on the stock in a research note 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $535.41.

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

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.