Flossbach Von Storch AG Takes $1.64 Million Position in Saia, Inc. (NASDAQ:SAIA)

Flossbach Von Storch AG bought a new position in Saia, Inc. (NASDAQ:SAIA - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 3,735 shares of the transportation company's stock, valued at approximately $1,637,000.

Other institutional investors have also recently made changes to their positions in the company. Contravisory Investment Management Inc. bought a new position in shares of Saia in the 4th quarter worth $26,000. KB Financial Partners LLC bought a new position in shares of Saia in the 1st quarter worth $28,000. International Assets Investment Management LLC bought a new position in shares of Saia in the 3rd quarter worth $45,000. NBC Securities Inc. bought a new position in shares of Saia during the 3rd quarter valued at $54,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of Saia during the 3rd quarter valued at $59,000.

Insiders Place Their Bets

In other Saia news, CEO Frederick J. Holzgrefe III sold 7,500 shares of Saia stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $533.46, for a total value of $4,000,950.00. Following the completion of the transaction, the chief executive officer now directly owns 14,248 shares of the company's stock, valued at $7,600,738.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Frederick J. Holzgrefe III sold 7,500 shares of Saia stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $533.46, for a total value of $4,000,950.00. Following the completion of the sale, the chief executive officer now directly owns 14,248 shares in the company, valued at $7,600,738.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Douglas L. Col sold 1,743 shares of Saia stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $536.92, for a total transaction of $935,851.56. Following the completion of the sale, the chief financial officer now owns 6,854 shares of the company's stock, valued at $3,680,049.68. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,699 shares of company stock valued at $14,966,813. Insiders own 0.30% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Raymond James increased their target price on shares of Saia from $565.00 to $604.00 and gave the company an "outperform" rating in a report on Monday. UBS Group increased their target price on shares of Saia from $475.00 to $618.00 and gave the company a "buy" rating in a report on Monday, February 5th. Bank of America increased their target price on shares of Saia from $600.00 to $645.00 and gave the company a "buy" rating in a report on Tuesday, March 5th. JPMorgan Chase & Co. began coverage on shares of Saia in a report on Monday, March 11th. They issued an "overweight" rating and a $676.00 price target on the stock. Finally, The Goldman Sachs Group raised their price target on shares of Saia from $504.00 to $567.00 and gave the stock a "neutral" rating in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $500.84.

Saia Stock Down 3.5 %

Saia stock traded down $18.76 during trading hours on Thursday, hitting $522.53. The stock had a trading volume of 341,250 shares, compared to its average volume of 279,413. The stock has a market capitalization of $13.89 billion, a P/E ratio of 39.38, a price-to-earnings-growth ratio of 1.80 and a beta of 1.62. Saia, Inc. has a 12-month low of $244.69 and a 12-month high of $628.34. The stock's 50-day moving average price is $573.54 and its 200-day moving average price is $474.35.

Saia (NASDAQ:SAIA - Get Free Report) last issued its earnings results on Friday, February 2nd. The transportation company reported $3.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.20 by $0.13. The business had revenue of $751.10 million during the quarter, compared to analysts' expectations of $745.48 million. Saia had a net margin of 12.31% and a return on equity of 19.75%. The business's revenue for the quarter was up 14.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.65 earnings per share. On average, research analysts expect that Saia, Inc. will post 16.13 EPS for the current fiscal year.

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.