B. Metzler seel. Sohn & Co. AG Sells 1,946 Shares of Saia, Inc. (NASDAQ:SAIA)

B. Metzler seel. Sohn & Co. AG decreased its holdings in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 12.1% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,195 shares of the transportation company's stock after selling 1,946 shares during the period. B. Metzler seel. Sohn & Co. AG owned 0.05% of Saia worth $6,469,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. EverSource Wealth Advisors LLC increased its position in Saia by 3.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 744 shares of the transportation company's stock valued at $339,000 after buying an additional 26 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Saia by 0.4% during the fourth quarter. Arizona State Retirement System now owns 7,685 shares of the transportation company's stock valued at $3,502,000 after acquiring an additional 29 shares in the last quarter. Avantax Advisory Services Inc. raised its position in shares of Saia by 4.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 678 shares of the transportation company's stock worth $309,000 after purchasing an additional 30 shares during the last quarter. UMB Bank n.a. boosted its stake in Saia by 1.0% in the 4th quarter. UMB Bank n.a. now owns 3,707 shares of the transportation company's stock worth $1,689,000 after purchasing an additional 37 shares in the last quarter. Finally, Avior Wealth Management LLC grew its position in Saia by 3.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,171 shares of the transportation company's stock valued at $534,000 after purchasing an additional 37 shares during the last quarter.

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Wall Street Analysts Forecast Growth

Several brokerages have issued reports on SAIA. Raymond James decreased their target price on shares of Saia from $560.00 to $540.00 and set an "outperform" rating for the company in a report on Tuesday, February 4th. Stephens restated an "overweight" rating and issued a $600.00 price objective on shares of Saia in a report on Thursday, February 6th. Bank of America cut their target price on Saia from $565.00 to $484.00 and set a "buy" rating on the stock in a research note on Wednesday, March 5th. JPMorgan Chase & Co. reduced their target price on Saia from $566.00 to $558.00 and set an "overweight" rating for the company in a report on Tuesday, February 4th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Saia in a report on Friday, March 7th. They set a "buy" rating and a $570.00 price target on the stock. One 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $509.72.

Insiders Place Their Bets

In other Saia news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the company's stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 17,645 shares in the company, valued at $8,599,114.30. This represents a 29.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Matthew J. Batteh sold 700 shares of Saia stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total transaction of $350,063.00. Following the sale, the chief financial officer now owns 3,326 shares in the company, valued at approximately $1,663,299.34. The trade was a 17.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,493 shares of company stock worth $4,646,181 over the last three months. 0.30% of the stock is currently owned by company insiders.

Saia Stock Performance

Saia stock traded up $2.97 during trading on Friday, reaching $322.94. The company had a trading volume of 1,641,947 shares, compared to its average volume of 441,208. The firm has a market capitalization of $8.60 billion, a price-to-earnings ratio of 23.91, a price-to-earnings-growth 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 firm's 50-day simple moving average is $419.81 and its 200 day simple moving average is $462.37. Saia, Inc. has a 52 week low of $287.73 and a 52 week high of $624.55.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings data 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 company 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%. The firm's quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the business earned $3.33 EPS. Sell-side analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

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.