Primecap Management Co. CA Has $25.70 Million Stock Holdings in Saia, Inc. (NASDAQ:SAIA)

Primecap Management Co. CA decreased its position in Saia, Inc. (NASDAQ:SAIA) by 20.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 56,400 shares of the transportation company’s stock after selling 14,200 shares during the period. Primecap Management Co. CA’s holdings in Saia were worth $25,703,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Oddo BHF Asset Management Sas acquired a new position in Saia in the 3rd quarter valued at approximately $1,408,000. Highview Capital Management LLC DE acquired a new position in Saia in the 4th quarter valued at approximately $1,324,000. Y Intercept Hong Kong Ltd acquired a new position in Saia in the 4th quarter valued at approximately $3,363,000. Charles Schwab Investment Management Inc. raised its holdings in Saia by 2.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 226,137 shares of the transportation company’s stock valued at $103,057,000 after acquiring an additional 4,972 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Saia by 13.1% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,804 shares of the transportation company’s stock valued at $3,101,000 after acquiring an additional 788 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company dropped their target price on Saia from $550.00 to $510.00 and set an “equal weight” rating for the company in a report on Tuesday, February 4th. Barclays dropped their target price on Saia from $600.00 to $535.00 and set an “overweight” rating for the company in a report on Monday, March 10th. The Goldman Sachs Group increased their target price on Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. Stifel Nicolaus raised Saia from a “hold” rating to a “buy” rating and set a $524.00 target price for the company in a report on Monday, February 24th. Finally, JPMorgan Chase & Co. dropped their target price on Saia from $566.00 to $558.00 and set an “overweight” rating for the company in a report on Tuesday, February 4th. One analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $526.39.

Insider Transactions at Saia

In other news, CFO Matthew J. Batteh sold 700 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total value of $350,063.00. Following the transaction, the chief financial officer now directly owns 3,326 shares in the company, valued at $1,663,299.34. This trade represents a 17.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was 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 owns 17,645 shares in the company, valued at $8,599,114.30. This represents a 29.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,493 shares of company stock worth $4,646,181 in the last three months. Insiders own 0.30% of the company’s stock.

Saia Stock Up 0.4 %

Shares of SAIA opened at $350.65 on Thursday. The firm has a market capitalization of $9.34 billion, a price-to-earnings ratio of 25.95, a PEG ratio of 2.24 and a beta of 1.89. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.26 and a current ratio of 1.57. The business’s fifty day moving average price is $445.90 and its two-hundred day moving average price is $466.25. Saia, Inc. has a 52 week low of $343.61 and a 52 week high of $624.55.

Saia (NASDAQ:SAIA) last announced its quarterly earnings data on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing analysts’ consensus estimates of $2.87 by ($0.03). Saia had a net margin of 11.28% and a return on equity of 16.63%. The firm had revenue of $789.00 million during the quarter, compared to the consensus estimate of $794.69 million. During the same quarter in the previous year, the business posted $3.33 earnings per share. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. On average, analysts predict that Saia, Inc. will post 15.46 earnings per share 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.