Saia, Inc. (NASDAQ:SAIA) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Saia, Inc. (NASDAQ:SAIA) by 13.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,804 shares of the transportation company’s stock after buying an additional 788 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Saia were worth $3,101,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of SAIA. Kestra Investment Management LLC acquired a new position in Saia in the fourth quarter valued at $25,000. Jones Financial Companies Lllp lifted its stake in shares of Saia by 47.8% in the 4th quarter. Jones Financial Companies Lllp now owns 201 shares of the transportation company’s stock valued at $92,000 after purchasing an additional 65 shares in the last quarter. Arcadia Investment Management Corp MI purchased a new stake in shares of Saia during the 4th quarter worth about $154,000. GAMMA Investing LLC increased its position in Saia by 148.0% during the 4th quarter. GAMMA Investing LLC now owns 367 shares of the transportation company’s stock worth $167,000 after purchasing an additional 219 shares in the last quarter. Finally, World Equity Group Inc. purchased a new position in Saia in the fourth quarter valued at approximately $201,000.

Insider Activity at Saia

In other news, CAO Kelly W. Benton sold 460 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total value of $230,000.00. Following the completion of the transaction, the chief accounting officer now owns 4,287 shares of the company’s stock, valued at approximately $2,143,500. This represents a 9.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of Saia stock in a transaction dated 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 owns 17,645 shares in the company, valued at approximately $8,599,114.30. This represents a 29.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 9,493 shares of company stock worth $4,646,181 in the last three months. 0.30% of the stock is owned by company insiders.

Saia Stock Performance

Shares of SAIA opened at $353.64 on Friday. The firm has a fifty day moving average of $452.28 and a 200-day moving average of $466.69. The company has a market cap of $9.42 billion, a price-to-earnings ratio of 26.18, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. Saia, Inc. has a 1 year low of $347.11 and a 1 year high of $624.55.

Saia (NASDAQ:SAIA) last posted its earnings results on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing the consensus estimate of $2.87 by ($0.03). The firm had revenue of $789.00 million during the quarter, compared to the consensus estimate of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. Saia’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter last year, the company posted $3.33 EPS. As a group, equities analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. TD Cowen increased their price target on Saia from $456.00 to $478.00 and gave the company a “hold” rating in a report on Tuesday, February 4th. JPMorgan Chase & Co. reduced their price objective on Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft began coverage on Saia in a research report on Friday, March 7th. They issued a “buy” rating and a $570.00 target price for the company. Finally, Jefferies Financial Group raised their target price on Saia from $525.00 to $560.00 and gave the company a “buy” rating in a report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Saia has an average rating of “Moderate Buy” and an average target price of $526.39.

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.