Flossbach Von Storch SE Raises Position in Saia, Inc. (NASDAQ:SAIA)

Flossbach Von Storch SE increased its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 7.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 21,921 shares of the transportation company’s stock after acquiring an additional 1,484 shares during the period. Flossbach Von Storch SE’s holdings in Saia were worth $9,990,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp boosted its holdings in Saia by 3.1% during the third quarter. State Street Corp now owns 805,597 shares of the transportation company’s stock worth $352,255,000 after buying an additional 24,351 shares in the last quarter. Wasatch Advisors LP raised its position in 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 acquiring an additional 64,351 shares during the last quarter. Geode Capital Management LLC raised its position in Saia by 1.4% during the third quarter. Geode Capital Management LLC now owns 471,667 shares of the transportation company’s stock worth $206,292,000 after acquiring an additional 6,456 shares during the last quarter. Westfield Capital Management Co. LP raised its position in Saia by 11.8% during the third quarter. Westfield Capital Management Co. LP now owns 303,582 shares of the transportation company’s stock worth $132,744,000 after acquiring an additional 31,991 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in Saia by 4.5% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 261,803 shares of the transportation company’s stock worth $116,670,000 after acquiring an additional 11,177 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SAIA. Citigroup cut their target price on shares of Saia from $561.00 to $544.00 and set a “buy” rating for the company in a research report on Tuesday, February 4th. Barclays cut their price objective on shares of Saia from $620.00 to $600.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Wells Fargo & Company cut their price objective on shares of Saia from $550.00 to $510.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 4th. Stephens reissued an “overweight” rating and issued a $600.00 price objective on shares of Saia in a research report on Thursday, February 6th. Finally, Raymond James cut their price objective on shares of Saia from $560.00 to $540.00 and set an “outperform” rating for the company in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $535.41.

Insider Activity

In other news, 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 directly owns 17,645 shares in the company, valued at approximately $8,599,114.30. This represents a 29.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Patrick D. Sugar sold 799 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $493.74, for a total transaction of $394,498.26. Following the completion of the transaction, the executive vice president now owns 8,629 shares of the company’s stock, valued at $4,260,482.46. This trade represents a 8.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.30% of the company’s stock.

Saia Price Performance

SAIA opened at $476.40 on Thursday. The company has a market cap of $12.67 billion, a P/E ratio of 35.26, a P/E/G ratio of 2.49 and a beta of 1.79. The company has a 50 day moving average of $484.32 and a two-hundred day moving average of $465.90. 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, Inc. has a 52-week low of $358.90 and a 52-week high of $628.34.

Saia (NASDAQ:SAIA) 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). 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%. Saia’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same quarter last year, the company posted $3.33 earnings per share. On average, analysts expect that Saia, Inc. will post 15.46 earnings per share for the current 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.