141,333 Shares in Saia, Inc. (NASDAQ:SAIA) Acquired by Norges Bank

Norges Bank bought a new stake in Saia, Inc. (NASDAQ:SAIA) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 141,333 shares of the transportation company’s stock, valued at approximately $64,410,000.

Other large investors have also modified their holdings of the company. Oddo BHF Asset Management Sas purchased a new stake in Saia in the 3rd quarter valued at about $1,408,000. Highview Capital Management LLC DE acquired a new stake in shares of Saia during the fourth quarter valued at about $1,324,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Saia during the fourth quarter valued at about $3,363,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Saia by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 226,137 shares of the transportation company’s stock worth $103,057,000 after acquiring an additional 4,972 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Saia by 13.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,804 shares of the transportation company’s stock worth $3,101,000 after purchasing an additional 788 shares during the period.

Insider Buying and Selling at Saia

In other Saia news, EVP Patrick D. Sugar sold 799 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 8,629 shares in the company, valued at approximately $4,260,482.46. The trade was a 8.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the 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 directly owns 17,645 shares of the company’s stock, valued at $8,599,114.30. The trade was a 29.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,493 shares of company stock worth $4,646,181 over the last 90 days. Corporate insiders own 0.30% of the company’s stock.

Saia Price Performance

SAIA stock opened at $319.97 on Friday. The business has a 50 day moving average price of $419.81 and a 200 day moving average price of $462.37. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08. The stock has a market cap of $8.52 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 2.24 and a beta of 1.89. Saia, Inc. has a fifty-two week low of $307.73 and a fifty-two week high of $624.55.

Saia (NASDAQ:SAIA) last issued its quarterly earnings data 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). The company had revenue of $789.00 million for the quarter, compared to analysts’ expectations of $794.69 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. The firm’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.33 EPS. Equities research analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SAIA has been the topic of a number of research analyst reports. Stifel Nicolaus raised Saia from a “hold” rating to a “buy” rating and set a $524.00 target price on the stock in a research report on Monday, February 24th. Raymond James decreased their target price on Saia from $560.00 to $540.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 4th. The Goldman Sachs Group boosted their price target 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. Barclays lowered their price objective on shares of Saia from $535.00 to $475.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Wells Fargo & Company cut their target price on shares of Saia from $510.00 to $400.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 27th. 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. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $509.72.

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.