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

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Saia, Inc. (NASDAQ:SAIA) by 10.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,774 shares of the transportation company’s stock after purchasing an additional 558 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Saia were worth $2,530,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. IFP Advisors Inc increased its position in Saia by 17.7% in the 3rd quarter. IFP Advisors Inc now owns 399 shares of the transportation company’s stock valued at $159,000 after acquiring an additional 60 shares during the period. SG Americas Securities LLC boosted its stake in shares of Saia by 173.9% during the 3rd quarter. SG Americas Securities LLC now owns 8,241 shares of the transportation company’s stock worth $3,285,000 after acquiring an additional 5,232 shares in the last quarter. Oak Thistle LLC acquired a new position in shares of Saia in the 3rd quarter valued at $843,000. Commonwealth Equity Services LLC boosted its holdings in shares of Saia by 1.9% in the third quarter. Commonwealth Equity Services LLC now owns 1,549 shares of the transportation company’s stock worth $618,000 after buying an additional 29 shares during the period. Finally, Raymond James & Associates grew its position in Saia by 0.7% during the 3rd quarter. Raymond James & Associates now owns 92,450 shares of the transportation company’s stock worth $36,855,000 after purchasing an additional 653 shares in the last quarter.

Analyst Upgrades and Downgrades

Several research firms have weighed in on SAIA. Raymond James lifted their target price on Saia from $565.00 to $604.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. The Goldman Sachs Group increased their price objective on Saia from $504.00 to $567.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Bank of America boosted their target price on Saia from $600.00 to $645.00 and gave the stock a “buy” rating in a report on Tuesday, March 5th. Stifel Nicolaus downgraded Saia from a “buy” rating to a “hold” rating and increased their price target for the company from $484.00 to $526.00 in a report on Tuesday, February 6th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Saia in a research note on Monday, March 11th. They issued an “overweight” rating and a $676.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $500.84.

Insider Activity

In other Saia news, VP Rohit Lal sold 2,870 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $536.55, for a total transaction of $1,539,898.50. Following the completion of the transaction, the vice president now owns 8,482 shares in the company, valued at $4,551,017.10. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Saia news, VP Rohit Lal sold 2,870 shares of the company’s stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $536.55, for a total value of $1,539,898.50. Following the sale, the vice president now directly owns 8,482 shares in the company, valued at $4,551,017.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Donna E. Epps sold 400 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $565.14, for a total value of $226,056.00. Following the transaction, the director now owns 1,583 shares of the company’s stock, valued at $894,616.62. The disclosure for this sale can be found here. In the last three months, insiders have sold 27,699 shares of company stock worth $14,966,813. Corporate insiders own 0.30% of the company’s stock.

Saia Trading Up 4.5 %

Shares of NASDAQ:SAIA opened at $546.28 on Wednesday. The business’s 50 day moving average is $571.83 and its 200-day moving average is $477.05. The firm has a market capitalization of $14.53 billion, a PE ratio of 41.17, a PEG ratio of 1.69 and a beta of 1.62. Saia, Inc. has a 1-year low of $244.69 and a 1-year high of $628.34.

Saia (NASDAQ:SAIA) last posted its quarterly earnings results on Friday, February 2nd. The transportation company reported $3.33 earnings per share for the quarter, topping analysts’ consensus estimates of $3.20 by $0.13. Saia had a net margin of 12.31% and a return on equity of 19.75%. The firm had revenue of $751.10 million for the quarter, compared to the consensus estimate of $745.48 million. During the same quarter in the previous year, the company earned $2.65 earnings per share. The business’s revenue was up 14.5% compared to the same quarter last year. On average, sell-side analysts predict that Saia, Inc. will post 16.13 EPS for the current year.

Saia 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.