KLP Kapitalforvaltning AS Takes $2.46 Million Position in Saia, Inc. (NASDAQ:SAIA)

KLP Kapitalforvaltning AS bought a new position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,400 shares of the transportation company's stock, valued at approximately $2,461,000.

Several other hedge funds have also recently added to or reduced their stakes in SAIA. Oddo BHF Asset Management Sas acquired a new position in Saia during the 3rd quarter worth approximately $1,408,000. Highview Capital Management LLC DE acquired a new position in shares of Saia during the fourth quarter worth $1,324,000. Y Intercept Hong Kong Ltd purchased a new position in Saia in the fourth quarter valued at $3,363,000. Charles Schwab Investment Management Inc. raised its stake in Saia by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 226,137 shares of the transportation company's stock valued at $103,057,000 after buying an additional 4,972 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in 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 buying an additional 788 shares during the last quarter.

Insider Activity at Saia

In other news, CAO Kelly W. Benton sold 460 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total transaction of $230,000.00. Following the sale, the chief accounting officer now owns 4,287 shares in the company, valued at $2,143,500. This trade represents a 9.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the company's stock in a transaction 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 transaction, 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. Over the last 90 days, insiders have sold 9,493 shares of company stock valued at $4,646,181. Company insiders own 0.30% of the company's stock.

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Wall Street Analysts Forecast Growth

SAIA has been the subject of a number of research analyst reports. 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. TD Cowen upped their price objective on shares of Saia from $456.00 to $478.00 and gave the company a "hold" rating in a research note on Tuesday, February 4th. JPMorgan Chase & Co. cut their target price on Saia from $566.00 to $558.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 4th. Wells Fargo & Company decreased their target price on Saia from $510.00 to $400.00 and set an "equal weight" rating for the company in a research report on Thursday. Finally, Jefferies Financial Group lifted their price objective on shares of Saia from $525.00 to $560.00 and gave the company a "buy" rating in a research note on Friday, January 10th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, Saia currently has a consensus rating of "Moderate Buy" and a consensus target price of $520.28.

Saia Price Performance

Shares of Saia stock traded down $17.00 during trading on Friday, hitting $359.00. 453,432 shares of the company were exchanged, compared to its average volume of 427,228. Saia, Inc. has a fifty-two week low of $342.68 and a fifty-two week 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. The firm has a 50 day moving average price of $431.71 and a 200 day moving average price of $465.06. The stock has a market capitalization of $9.56 billion, a price-to-earnings ratio of 26.57, a P/E/G ratio of 2.24 and a beta of 1.89.

Saia (NASDAQ:SAIA - Get Free Report) 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 firm had revenue of $789.00 million during the quarter, compared to analyst estimates of $794.69 million. During the same period in the previous year, the firm posted $3.33 EPS. The company's revenue for the quarter was up 5.0% compared to the same quarter last year. On average, equities analysts expect 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.