Zurcher Kantonalbank Zurich Cantonalbank Purchases 558 Shares of Saia, Inc. (NASDAQ:SAIA)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Saia, Inc. (NASDAQ:SAIA) by 10.7% during the fourth quarter, HoldingsChannel.com reports. The fund owned 5,774 shares of the transportation company’s stock after buying an additional 558 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Saia were worth $2,530,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC increased its stake in shares of Saia by 26,722.4% in the 4th quarter. International Assets Investment Management LLC now owns 31,114 shares of the transportation company’s stock valued at $13,635,000 after purchasing an additional 30,998 shares during the last quarter. First Hawaiian Bank grew its position in Saia by 37.6% in the fourth quarter. First Hawaiian Bank now owns 7,560 shares of the transportation company’s stock valued at $3,313,000 after acquiring an additional 2,065 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in Saia during the fourth quarter worth about $3,287,000. Strs Ohio lifted its holdings in shares of Saia by 1.6% in the fourth quarter. Strs Ohio now owns 11,347 shares of the transportation company’s stock worth $4,972,000 after acquiring an additional 179 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Saia in the 3rd quarter valued at approximately $1,335,000.

Saia Stock Performance

NASDAQ:SAIA opened at $546.28 on Wednesday. Saia, Inc. has a 52 week low of $244.69 and a 52 week high of $628.34. The firm’s fifty day moving average is $571.83 and its 200-day moving average is $477.05. The firm has a market cap of $14.53 billion, a P/E ratio of 41.17, a P/E/G ratio of 1.69 and a beta of 1.62.

Saia (NASDAQ:SAIA) last issued its quarterly earnings results on Friday, February 2nd. The transportation company reported $3.33 earnings per share for the quarter, topping analysts’ consensus estimates of $3.20 by $0.13. The firm had revenue of $751.10 million during the quarter, compared to the consensus estimate of $745.48 million. Saia had a return on equity of 19.75% and a net margin of 12.31%. The business’s revenue was up 14.5% compared to the same quarter last year. During the same period last year, the business posted $2.65 EPS. As a group, sell-side analysts anticipate that Saia, Inc. will post 16.13 earnings per share for the current year.

Insiders Place Their Bets

In other Saia news, VP Rohit Lal sold 2,870 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the transaction, the vice president now directly owns 8,482 shares in the company, valued at approximately $4,551,017.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, VP Rohit Lal sold 2,870 shares of the company’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the transaction, the vice president now owns 8,482 shares in the company, valued at $4,551,017.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Raymond R. Ramu sold 1,943 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $565.83, for a total value of $1,099,407.69. Following the completion of the sale, the vice president now owns 4,447 shares of the company’s stock, valued at $2,516,246.01. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,699 shares of company stock worth $14,966,813. 0.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

SAIA has been the subject of a number of research analyst reports. Stifel Nicolaus cut shares of Saia from a “buy” rating to a “hold” rating and upped their price objective for the stock from $484.00 to $526.00 in a research report on Tuesday, February 6th. Bank of America increased their price target on Saia from $600.00 to $645.00 and gave the company a “buy” rating in a research note on Tuesday, March 5th. Raymond James raised their price objective on Saia from $565.00 to $604.00 and gave the company an “outperform” rating in a report on Monday, April 15th. Susquehanna upped their target price on Saia from $500.00 to $625.00 and gave the stock a “positive” rating in a report on Thursday, February 8th. Finally, JPMorgan Chase & Co. started coverage on Saia in a research note on Monday, March 11th. They set an “overweight” rating and a $676.00 price target on the stock. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $500.84.

Saia Company Profile

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.