Saia, Inc. (NASDAQ:SAIA) Shares Sold by Swiss National Bank

Swiss National Bank reduced its position in Saia, Inc. (NASDAQ:SAIA) by 10.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,300 shares of the transportation company’s stock after selling 6,100 shares during the quarter. Swiss National Bank’s holdings in Saia were worth $22,919,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SAIA. Artisan Partners Limited Partnership raised its holdings in shares of Saia by 68.1% in the 3rd quarter. Artisan Partners Limited Partnership now owns 802,094 shares of the transportation company’s stock worth $319,755,000 after purchasing an additional 325,031 shares during the period. Vaughan Nelson Investment Management L.P. grew its stake in Saia by 53.1% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 663,265 shares of the transportation company’s stock worth $290,655,000 after buying an additional 230,058 shares during the period. Jennison Associates LLC increased its position in shares of Saia by 65.9% in the fourth quarter. Jennison Associates LLC now owns 211,673 shares of the transportation company’s stock worth $92,759,000 after acquiring an additional 84,046 shares in the last quarter. Invesco Ltd. raised its stake in shares of Saia by 9.9% in the 3rd quarter. Invesco Ltd. now owns 705,719 shares of the transportation company’s stock valued at $281,335,000 after acquiring an additional 63,794 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of Saia by 65.6% during the 3rd quarter. Ameriprise Financial Inc. now owns 153,382 shares of the transportation company’s stock valued at $61,146,000 after acquiring an additional 60,778 shares in the last quarter.

Insider Transactions at Saia

In other Saia news, Director John P. Gainor, Jr. bought 500 shares of the business’s stock in a transaction on Thursday, May 2nd. The shares were purchased at an average price of $407.00 per share, with a total value of $203,500.00. Following the completion of the acquisition, the director now directly owns 900 shares of the company’s stock, valued at approximately $366,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Raymond R. Ramu sold 1,943 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $565.83, for a total transaction of $1,099,407.69. Following the completion of the transaction, the vice president now owns 4,447 shares in the company, valued at $2,516,246.01. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John P. Gainor, Jr. acquired 500 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The stock was purchased at an average price of $407.00 per share, for a total transaction of $203,500.00. Following the completion of the transaction, the director now owns 900 shares in the company, valued at $366,300. The disclosure for this purchase can be found here. In the last three months, insiders have sold 5,586 shares of company stock worth $3,122,613. 0.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have commented on SAIA shares. Raymond James raised their price objective on Saia from $565.00 to $604.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. JPMorgan Chase & Co. reduced their price target on Saia from $676.00 to $580.00 and set an “overweight” rating on the stock in a research report on Monday, April 29th. TD Cowen lowered their price objective on shares of Saia from $528.00 to $473.00 and set a “hold” rating for the company in a research report on Monday, April 29th. StockNews.com cut shares of Saia from a “hold” rating to a “sell” rating in a research report on Monday, April 29th. Finally, Stifel Nicolaus downgraded shares of Saia from a “buy” rating to a “hold” rating and upped their target price for the company from $484.00 to $526.00 in a research note on Tuesday, February 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Saia has a consensus rating of “Hold” and an average target price of $497.22.

Saia Trading Up 1.7 %

Shares of NASDAQ SAIA opened at $413.31 on Thursday. The stock has a market capitalization of $10.99 billion, a P/E ratio of 29.95, a PEG ratio of 1.26 and a beta of 1.71. The stock’s 50 day moving average price is $544.15 and its two-hundred day moving average price is $479.70. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.04. Saia, Inc. has a 52-week low of $266.91 and a 52-week high of $628.34.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.43 by ($0.05). The firm had revenue of $754.80 million for the quarter, compared to analyst estimates of $772.36 million. Saia had a net margin of 12.42% and a return on equity of 19.53%. The business’s revenue was up 14.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.85 earnings per share. On average, analysts anticipate that Saia, Inc. will post 15.38 earnings per share for the current fiscal year.

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.