Saia, Inc. (NASDAQ:SAIA) Shares Sold by Primecap Management Co. CA

Primecap Management Co. CA lessened its holdings in shares of Saia, Inc. (NASDAQ:SAIA) by 20.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 56,400 shares of the transportation company’s stock after selling 14,200 shares during the quarter. Primecap Management Co. CA owned about 0.21% of Saia worth $25,703,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. CIBC Asset Management Inc raised its stake in shares of 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 buying an additional 26 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Saia by 3.6% in the 4th quarter. EverSource Wealth Advisors LLC now owns 744 shares of the transportation company’s stock worth $339,000 after buying an additional 26 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Saia by 0.4% in the 4th quarter. Arizona State Retirement System now owns 7,685 shares of the transportation company’s stock worth $3,502,000 after buying an additional 29 shares in the last quarter. Avantax Advisory Services Inc. raised its stake 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 buying an additional 30 shares in the last quarter. Finally, UMB Bank n.a. raised its stake in shares of 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 buying an additional 37 shares in the last quarter.

Insider Transactions at Saia

In related news, CEO Frederick J. Holzgrefe III sold 7,534 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $487.34, for a total transaction 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 approximately $8,599,114.30. The trade was a 29.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Patrick D. Sugar sold 799 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $493.74, for a total value of $394,498.26. Following the transaction, the executive vice president now directly owns 8,629 shares of the company’s stock, valued at $4,260,482.46. This represents a 8.47 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,493 shares of company stock worth $4,646,181. 0.30% of the stock is owned by corporate insiders.

Saia Stock Performance

Shares of NASDAQ SAIA opened at $350.65 on Thursday. The business’s 50-day moving average price is $445.90 and its two-hundred day moving average price is $466.25. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. Saia, Inc. has a one year low of $343.61 and a one year high of $624.55. The company has a market capitalization of $9.34 billion, a P/E ratio of 25.95, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89.

Saia (NASDAQ:SAIA) last issued its earnings results on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). The firm had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $794.69 million. Saia had a net margin of 11.28% and a return on equity of 16.63%. The business’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the firm earned $3.33 EPS. Analysts anticipate that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Bank of America dropped their price objective on Saia from $565.00 to $484.00 and set a “buy” rating on the stock in a research note on Wednesday, March 5th. The Goldman Sachs Group boosted their target price on Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Raymond James cut their target price on Saia from $560.00 to $540.00 and set an “outperform” rating on the stock in a research report 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. Finally, Citigroup cut their target price on Saia from $544.00 to $498.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. 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 currently has a consensus 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.