Saia (NASDAQ:SAIA) Shares Unloaded Rep. Robert Bresnahan, Jr.

Posted by Emily Schoerning on Feb 16th, 2025

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 Price Performance

Shares of NASDAQ SAIA opened at $487.53 on Friday. Saia, Inc. has a 1-year low of $358.90 and a 1-year high of $628.34. The stock’s 50-day moving average is $486.16 and its two-hundred day moving average is $464.00. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. The company 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.

Saia (NASDAQ:SAIA – Get Free Report) last released its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). Saia had a return on equity of 16.63% and a net margin of 11.28%. The firm had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. During the same quarter in the prior year, the business earned $3.33 EPS. The company’s quarterly revenue was up 5.0% compared to the same quarter last year. Analysts forecast that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Institutional Investors Weigh In On Saia

Large investors have recently bought and sold shares of the company. ZWJ Investment Counsel Inc. boosted its holdings in Saia by 9.7% during the third quarter. ZWJ Investment Counsel Inc. now owns 58,226 shares of the transportation company’s stock worth $25,460,000 after purchasing an additional 5,172 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Saia by 319.1% during the third quarter. Blue Trust Inc. now owns 285 shares of the transportation company’s stock worth $135,000 after acquiring an additional 217 shares during the period. Raymond James & Associates increased its position in Saia by 4.6% during the 3rd quarter. Raymond James & Associates now owns 102,837 shares of the transportation company’s stock worth $44,966,000 after buying an additional 4,548 shares during the period. Allspring Global Investments Holdings LLC increased its position in Saia by 64.6% during the third quarter. Allspring Global Investments Holdings LLC now owns 250,626 shares of the transportation company’s stock worth $109,589,000 after acquiring an additional 98,383 shares during the period. Finally, Jade Capital Advisors LLC acquired a new stake in shares of Saia in the third quarter valued at approximately $437,000.

Wall Street Analysts Forecast Growth

SAIA has been the topic of several research reports. JPMorgan Chase & Co. lowered their target price on Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a report on Tuesday, February 4th. Stephens reissued an “overweight” rating and issued a $600.00 target price on shares of Saia in a research report on Thursday, February 6th. Jefferies Financial Group increased their target price on shares of Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research report on Friday, January 10th. Bank of America decreased their price target on Saia from $600.00 to $565.00 and set a “buy” rating for the company in a report on Tuesday, February 4th. Finally, The Goldman Sachs Group boosted their price target on Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Saia currently has an average rating of “Moderate Buy” and an average price target of $535.41.

View Our Latest Analysis on Saia

Insider Activity

In related news, CEO Frederick J. Holzgrefe III sold 7,534 shares of Saia stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the sale, the chief executive officer now directly owns 17,645 shares in the company, valued at $8,599,114.30. This trade represents a 29.92 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Patrick D. Sugar sold 799 shares of Saia stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $493.74, for a total value of $394,498.26. Following the transaction, the executive vice president now directly owns 8,629 shares in the company, valued at $4,260,482.46. The trade was a 8.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,453 shares of company stock worth $4,693,318. 0.30% of the stock is currently owned by company insiders.

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.

Saia Company Profile

(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.