Driehaus Capital Management Adds $54M in Saia, Inc. ($SAIA)

Driehaus Capital Management significantly increased its holdings in Saia, Inc. (NasdaqGS: SAIA) during the most recent quarter. The fund boosted its position by 76%, adding 111,478 shares to hold a total of 257,963 shares, valued at approximately $124.6 million. This information comes from Driehaus's latest 13F filing with the SEC, which reflects holdings as of the end of the reporting period.

What Changed in Driehaus Capital Management's Saia, Inc. Position

Driehaus Capital Management raised its stake in Saia, Inc. from 146,485 shares to 257,963 shares, an increase of 111,478 shares, or 76%. The reported value of this position is about $124.6 million, indicating a strong vote of confidence in the transportation company.

Other Institutional Activity in Saia, Inc.

Other institutional investors also adjusted their positions in Saia, Inc. AllianceBernstein L.P. increased its holdings by 185,150 shares, ending with 2,499,330 shares worth approximately $816.1 million. BlackRock, Inc. added 60,492 shares to hold a total of 2,389,103 shares valued at about $839.2 million. Price T Rowe Associates Inc /MD/ grew its position by 521,839 shares, reaching 2,320,680 shares, with a value of $815.2 million. Meanwhile, Kayne Anderson Rudnick Investment Management LLC reduced its stake by 103,965 shares to hold 986,821 shares, valued at $346.7 million.

Saia, Inc. Stock Snapshot

Shares of Saia, Inc. are trading around $482.87. The company has a market capitalization of approximately $12.85 billion and a P/E ratio of 50.77. Saia's stock has seen a 52-week low of $249.32 and a high of $494.71. The 50-day moving average is $441.87, while the 200-day moving average is $356.73. The company has a beta of 2.116, indicating higher volatility compared to the broader market.

Recent Earnings

Saia, Inc. reported revenues of $3.25 billion, reflecting a growth rate of 2.4%. The company achieved a net margin of 7.8% and a return on equity of 10.2%. Saia's earnings per share stood at $9.51. The next earnings report is scheduled for July 24, 2026.

Insider Buying and Selling at Saia, Inc.

Insider activity at Saia, Inc. includes several transactions. On May 20, 2026, EVP & CHRO Anthony Norwood sold 292 shares at an average price of $468.77. On May 13, 2026, President & CEO Frederick Holzgrefe III both bought and sold 10,000 shares at $431.42. Additionally, on May 11, 2026, Holzgrefe bought and sold another 10,000 shares each. On May 4, 2026, insider Donald James purchased 395 shares.

Analysts Set New Price Targets

Analysts have maintained their outlook on Saia, Inc. On June 8, 2026, JP Morgan maintained a 'buy' rating with a price target of $490. Wells Fargo and BMO Capital both maintained their 'hold' ratings with targets of $490 and $470, respectively. Citigroup also maintained a 'buy' rating, setting a target of $516. The consensus among analysts is a 'buy' recommendation, with an average target price of $452.55 based on 20 opinions.

About Saia, Inc.

Saia, Inc. is a transportation company based in Johns Creek, Georgia. Founded in 1924, the company provides less-than-truckload (LTL) services across North America, handling shipments between 100 and 10,000 pounds. Saia also offers additional logistics services, such as brokered truckload and expedited transportation. The company operates 213 terminals and owns a fleet of around 7,700 tractors and 26,500 trailers. Saia is led by CEO Frederick J. Holzgrefe III and employs approximately 13,734 people.

Bottom Line

Driehaus Capital Management's significant increase in its position in Saia, Inc. highlights the fund's confidence in the company's future. Investors track these filings to gauge institutional sentiment, though the data is backward-looking and may not reflect current positions. Saia's stock performance and insider activities are also closely watched by analysts and investors alike.