Saia, Inc. (NASDAQ:SAIA) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Saia, Inc. (NASDAQ:SAIA - Free Report) by 13.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,804 shares of the transportation company's stock after purchasing an additional 788 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Saia were worth $3,101,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in SAIA. Artemis Investment Management LLP grew its stake in shares of Saia by 72.9% in the fourth quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company's stock valued at $113,833,000 after buying an additional 105,356 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Saia in the 4th quarter valued at about $46,514,000. Stephens Investment Management Group LLC purchased a new stake in Saia during the fourth quarter worth about $45,767,000. Wasatch Advisors LP lifted its position in shares of Saia by 10.2% during the third quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company's stock worth $302,761,000 after purchasing an additional 64,351 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in shares of Saia in the third quarter valued at approximately $22,979,000.

Insiders Place Their Bets

In other Saia news, EVP Patrick D. Sugar sold 799 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 8,629 shares of the company's stock, valued at approximately $4,260,482.46. This trade represents a 8.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Kelly W. Benton sold 460 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total value of $230,000.00. Following the completion of the transaction, the chief accounting officer now directly owns 4,287 shares in the company, valued at approximately $2,143,500. The trade was a 9.69 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 9,493 shares of company stock valued at $4,646,181. Insiders own 0.30% of the company's stock.

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Saia Stock Performance

NASDAQ:SAIA traded up $1.33 during mid-day trading on Wednesday, reaching $350.62. 441,951 shares of the stock were exchanged, compared to its average volume of 411,995. The stock has a market capitalization of $9.34 billion, a P/E ratio of 25.95, a P/E/G ratio of 2.24 and a beta of 1.89. Saia, Inc. has a 1 year low of $344.04 and a 1 year high of $624.55. The company has a 50 day simple moving average of $447.85 and a 200-day simple moving average of $467.06. 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 - Get Free Report) last announced its earnings results on Friday, February 7th. The transportation company reported $2.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.87 by ($0.03). The business 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 business's revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the business posted $3.33 earnings per share. Analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SAIA has been the topic of a number of research reports. Bank of America reduced their target price on shares of Saia from $565.00 to $484.00 and set a "buy" rating on the stock in a report on Wednesday, March 5th. TD Cowen lifted their target price on Saia from $456.00 to $478.00 and gave the company a "hold" rating in a report on Tuesday, February 4th. Raymond James lowered their target price on Saia from $560.00 to $540.00 and set an "outperform" rating for the company in a research note on Tuesday, February 4th. JPMorgan Chase & Co. decreased their price objective on Saia from $566.00 to $558.00 and set an "overweight" rating for the company in a research note on Tuesday, February 4th. Finally, Barclays cut their target price on shares of Saia from $600.00 to $535.00 and set an "overweight" rating on the stock in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $526.39.

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.