DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Takes Position in Saia, Inc. (NASDAQ:SAIA)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in Saia, Inc. (NASDAQ:SAIA - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,342 shares of the transportation company's stock, valued at approximately $1,067,000.

Several other large investors have also modified their holdings of the business. Highview Capital Management LLC DE purchased a new position in shares of Saia during the fourth quarter valued at approximately $1,324,000. Y Intercept Hong Kong Ltd purchased a new position in shares of Saia during the fourth quarter valued at approximately $3,363,000. Charles Schwab Investment Management Inc. raised its stake in Saia by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 226,137 shares of the transportation company's stock worth $103,057,000 after purchasing an additional 4,972 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Saia by 13.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,804 shares of the transportation company's stock worth $3,101,000 after purchasing an additional 788 shares during the period. Finally, Legato Capital Management LLC raised its stake in Saia by 100.6% during the fourth quarter. Legato Capital Management LLC now owns 1,565 shares of the transportation company's stock worth $713,000 after purchasing an additional 785 shares during the period.

Saia Price Performance

SAIA opened at $260.62 on Monday. The company has a 50-day moving average of $330.05 and a 200-day moving average of $436.06. The company has a market capitalization of $6.94 billion, a P/E ratio of 19.29, a PEG ratio of 2.24 and a beta of 2.03. Saia, Inc. has a 1-year low of $229.12 and a 1-year high of $624.55. 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 (NASDAQ:SAIA - Get Free Report) last released its earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share for the quarter, missing the consensus estimate of $2.77 by ($0.91). The company had revenue of $787.58 million during the quarter, compared to the consensus estimate of $806.18 million. Saia had a return on equity of 16.63% and a net margin of 11.28%. Saia's revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the previous year, the firm posted $3.38 EPS. Equities analysts expect that Saia, Inc. will post 15.46 EPS for the current fiscal year.

Insider Transactions at Saia

In related news, CAO Kelly W. Benton sold 460 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.00, for a total transaction of $230,000.00. Following the completion of the sale, the chief accounting officer now owns 4,287 shares of the company's stock, valued at $2,143,500. This represents a 9.69% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Matthew J. Batteh sold 700 shares of the business's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total transaction of $350,063.00. Following the sale, the chief financial officer now directly owns 3,326 shares of the company's stock, valued at approximately $1,663,299.34. This represents a 17.39% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.30% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on SAIA. Morgan Stanley set a $250.00 price target on shares of Saia in a research note on Friday, April 25th. BMO Capital Markets downgraded shares of Saia from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $455.00 to $285.00 in a research note on Friday, April 25th. UBS Group cut their price target on shares of Saia from $422.00 to $305.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Raymond James set a $310.00 target price on shares of Saia and gave the company an "outperform" rating in a research note on Monday, April 28th. Finally, Citigroup cut their target price on shares of Saia from $498.00 to $435.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Twelve analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $342.58.

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.

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