Primecap Management Co. CA Has $25.70 Million Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

Primecap Management Co. CA lowered its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 20.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 56,400 shares of the transportation company's stock after selling 14,200 shares during the period. Primecap Management Co. CA owned approximately 0.21% of Saia worth $25,703,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. KBC Group NV lifted its stake in Saia by 9.6% during the third quarter. KBC Group NV now owns 740 shares of the transportation company's stock valued at $324,000 after buying an additional 65 shares in the last quarter. OneDigital Investment Advisors LLC lifted its position in shares of Saia by 24.4% in the 3rd quarter. OneDigital Investment Advisors LLC now owns 1,011 shares of the transportation company's stock valued at $442,000 after acquiring an additional 198 shares in the last quarter. CIBC Asset Management Inc boosted its stake in Saia by 3.5% in the 3rd quarter. CIBC Asset Management Inc now owns 770 shares of the transportation company's stock worth $337,000 after purchasing an additional 26 shares during the period. Thrivent Financial for Lutherans boosted its stake in Saia by 7.7% in the 3rd quarter. Thrivent Financial for Lutherans now owns 79,578 shares of the transportation company's stock worth $34,796,000 after purchasing an additional 5,658 shares during the period. Finally, Pathstone Holdings LLC grew its position in Saia by 3.8% during the 3rd quarter. Pathstone Holdings LLC now owns 9,390 shares of the transportation company's stock worth $4,106,000 after purchasing an additional 345 shares in the last quarter.

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Saia Stock Up 5.1 %

Shares of NASDAQ SAIA traded up $18.59 during mid-day trading on Monday, reaching $381.49. 378,178 shares of the company traded hands, compared to its average volume of 415,121. The company's fifty day moving average is $442.22 and its two-hundred day moving average is $466.30. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. Saia, Inc. has a fifty-two week low of $342.68 and a fifty-two week high of $624.55. The stock has a market cap of $10.16 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89.

Saia (NASDAQ:SAIA - Get Free Report) last announced its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 EPS 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 company had revenue of $789.00 million for the quarter, compared to analyst estimates of $794.69 million. During the same quarter last year, the business earned $3.33 EPS. The company's revenue for the quarter was up 5.0% on a year-over-year basis. On average, analysts expect that Saia, Inc. will post 15.46 earnings per share for the current year.

Insider Activity at Saia

In other news, CAO Kelly W. Benton sold 460 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total value of $230,000.00. Following the completion of the sale, the chief accounting officer now directly owns 4,287 shares of the company's stock, valued at approximately $2,143,500. This represents a 9.69 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Matthew J. Batteh sold 700 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total transaction of $350,063.00. Following the completion of 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. In the last three months, insiders have sold 9,493 shares of company stock worth $4,646,181. 0.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on SAIA shares. Raymond James decreased their target price on Saia from $560.00 to $540.00 and set an "outperform" rating for the company in a research report on Tuesday, February 4th. The Goldman Sachs Group raised 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. Susquehanna upped their target price on Saia from $530.00 to $540.00 and gave the company a "neutral" rating in a report on Tuesday, February 4th. Stephens restated an "overweight" rating and set a $600.00 price target on shares of Saia in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Saia from $566.00 to $558.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.