Swiss National Bank Buys 300 Shares of Saia, Inc. (NASDAQ:SAIA)

Swiss National Bank boosted its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 0.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,300 shares of the transportation company’s stock after acquiring an additional 300 shares during the quarter. Swiss National Bank owned 0.20% of Saia worth $23,835,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Artemis Investment Management LLP boosted its stake in shares of Saia by 72.9% during the fourth quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company’s stock valued at $113,833,000 after purchasing an additional 105,356 shares during the period. Raymond James Financial Inc. bought a new stake in Saia during the 4th quarter valued at $46,514,000. Stephens Investment Management Group LLC purchased a new stake in Saia during the 4th quarter valued at $45,767,000. Wasatch Advisors LP grew its holdings in Saia by 10.2% in the 3rd quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company’s stock worth $302,761,000 after acquiring an additional 64,351 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in shares of Saia in the third quarter valued at about $22,979,000.

Saia Stock Performance

Saia stock opened at $358.70 on Tuesday. The stock’s 50 day moving average is $450.03 and its 200 day moving average is $467.25. The company has a market capitalization of $9.55 billion, a P/E ratio of 26.55, a PEG ratio of 2.24 and a beta of 1.89. Saia, Inc. has a twelve month low of $345.77 and a twelve month high of $624.55. The company has a quick ratio of 1.26, a current ratio of 1.57 and a debt-to-equity ratio of 0.08.

Saia (NASDAQ:SAIA) last issued its quarterly 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). The company had revenue of $789.00 million for the quarter, compared to the consensus estimate of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. Saia’s revenue was up 5.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.33 earnings per share. On average, equities research analysts predict that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SAIA. Cowen reiterated a “hold” rating on shares of Saia in a report on Tuesday, February 4th. The Goldman Sachs Group lifted their price objective on Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Wells Fargo & Company decreased their target price on Saia from $550.00 to $510.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft initiated coverage on Saia in a research note on Friday, March 7th. They issued a “buy” rating and a $570.00 price target for the company. Finally, Barclays reduced their price objective on shares of Saia from $600.00 to $535.00 and set an “overweight” rating on the stock in a research report on Monday, March 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $526.39.

Insider Buying and Selling at Saia

In related news, EVP Patrick D. Sugar sold 799 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $493.74, for a total transaction of $394,498.26. Following the sale, the executive vice president now directly owns 8,629 shares of the company’s stock, valued at $4,260,482.46. This trade represents a 8.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of Saia stock in a transaction dated Monday, February 10th. The stock was 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. The trade was a 29.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,493 shares of company stock worth $4,646,181. 0.30% of the stock is owned by corporate insiders.

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.