Handelsbanken Fonder AB Has $3.31 Million Holdings in Saia, Inc. (NASDAQ:SAIA)

Handelsbanken Fonder AB lifted its stake in shares of Saia, Inc. (NASDAQ:SAIA) by 2.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,258 shares of the transportation company’s stock after buying an additional 200 shares during the quarter. Handelsbanken Fonder AB’s holdings in Saia were worth $3,308,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. State Street Corp grew its stake in Saia by 3.1% in the third quarter. State Street Corp now owns 805,597 shares of the transportation company’s stock valued at $352,255,000 after acquiring an additional 24,351 shares during the period. Wasatch Advisors LP lifted its holdings in shares of Saia by 10.2% in the 3rd quarter. Wasatch Advisors LP now owns 692,405 shares of the transportation company’s stock worth $302,761,000 after purchasing an additional 64,351 shares in the last quarter. Geode Capital Management LLC grew its position in Saia by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 471,667 shares of the transportation company’s stock valued at $206,292,000 after purchasing an additional 6,456 shares during the period. Westfield Capital Management Co. LP increased its stake in Saia by 11.8% during the 3rd quarter. Westfield Capital Management Co. LP now owns 303,582 shares of the transportation company’s stock valued at $132,744,000 after purchasing an additional 31,991 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings 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 buying an additional 11,177 shares during the last quarter.

Insider Activity at Saia

In other news, EVP Patrick D. Sugar sold 799 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $493.74, for a total value of $394,498.26. Following the sale, the executive vice president now owns 8,629 shares of the company’s stock, valued at approximately $4,260,482.46. This represents a 8.47 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Kelly W. Benton sold 460 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $500.00, for a total value of $230,000.00. Following the completion of the sale, the chief accounting officer now owns 4,287 shares in the company, valued at approximately $2,143,500. The trade was a 9.69 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,493 shares of company stock valued at $4,646,181. Insiders own 0.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Stifel Nicolaus boosted their price objective on Saia from $443.00 to $529.00 and gave the stock a “hold” rating in a report on Thursday, January 23rd. Stephens reissued an “overweight” rating and issued a $600.00 price target on shares of Saia in a research report on Thursday, February 6th. Raymond James cut their price objective on shares of Saia from $560.00 to $540.00 and set an “outperform” rating on the stock in a report on Tuesday, February 4th. Bank of America reduced their target price on shares of Saia from $600.00 to $565.00 and set a “buy” rating for the company in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Saia from $566.00 to $558.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $535.41.

Saia Stock Performance

NASDAQ SAIA opened at $406.65 on Monday. 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 twelve month low of $358.90 and a twelve month high of $628.34. The business has a 50-day moving average price of $480.48 and a 200-day moving average price of $467.15. The firm has a market cap of $10.81 billion, a price-to-earnings ratio of 30.10, a price-to-earnings-growth ratio of 2.24 and a beta of 1.79.

Saia (NASDAQ:SAIA) last announced its quarterly earnings results on Friday, February 7th. The transportation company reported $2.84 EPS for the quarter, missing the consensus estimate of $2.87 by ($0.03). Saia had a return on equity of 16.63% and a net margin of 11.28%. The company had revenue of $789.00 million during the quarter, compared to analysts’ expectations of $794.69 million. During the same quarter in the previous year, the firm earned $3.33 EPS. The firm’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, equities research analysts predict that Saia, Inc. will post 15.46 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.