Saia, Inc. (NASDAQ:SAIA) Shares Sold by B. Metzler seel. Sohn & Co. AG

B. Metzler seel. Sohn & Co. AG decreased its position in Saia, Inc. (NASDAQ:SAIA) by 12.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,195 shares of the transportation company’s stock after selling 1,946 shares during the quarter. B. Metzler seel. Sohn & Co. AG’s holdings in Saia were worth $6,469,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Citigroup Inc. raised its position in shares of Saia by 27.2% in the third quarter. Citigroup Inc. now owns 13,731 shares of the transportation company’s stock valued at $6,004,000 after buying an additional 2,938 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Saia by 61.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 3,698 shares of the transportation company’s stock worth $1,617,000 after purchasing an additional 1,411 shares during the period. Glenmede Trust Co. NA boosted its holdings in shares of Saia by 47.2% during the third quarter. Glenmede Trust Co. NA now owns 652 shares of the transportation company’s stock worth $285,000 after purchasing an additional 209 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Saia by 1.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,016 shares of the transportation company’s stock valued at $2,631,000 after purchasing an additional 114 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Saia by 5.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 77,447 shares of the transportation company’s stock valued at $33,864,000 after purchasing an additional 3,901 shares during the last quarter.

Insiders Place Their Bets

In related news, 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 completion of the transaction, the executive vice president now directly owns 8,629 shares in the company, valued at approximately $4,260,482.46. This trade represents a 8.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the business’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $487.34, for a total value of $3,671,619.56. Following the completion of the sale, the chief executive officer now owns 17,645 shares of the company’s stock, valued at $8,599,114.30. This trade represents a 29.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,493 shares of company stock worth $4,646,181 in the last three months. 0.30% of the stock is owned by insiders.

Saia Price Performance

SAIA opened at $349.43 on Tuesday. Saia, Inc. has a twelve month low of $342.68 and a twelve month high of $624.55. The firm has a market cap of $9.30 billion, a price-to-earnings ratio of 25.86, a PEG ratio of 2.24 and a beta of 1.89. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. The company has a fifty day simple moving average of $428.96 and a 200 day simple moving average of $464.56.

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

Wall Street Analysts Forecast Growth

Several research firms have commented on SAIA. Bank of America lowered their price target on Saia from $565.00 to $484.00 and set a “buy” rating for the company in a report on Wednesday, March 5th. Barclays lowered their target price on shares of Saia from $600.00 to $535.00 and set an “overweight” rating for the company in a report on Monday, March 10th. Raymond James cut their price target on shares of Saia from $560.00 to $540.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. Wells Fargo & Company lowered their price objective on shares of Saia from $510.00 to $400.00 and set an “equal weight” rating for the company in a research note on Thursday, March 27th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Saia in a research report on Friday, March 7th. They issued a “buy” rating and a $570.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $513.06.

Saia 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.