KLP Kapitalforvaltning AS Invests $2.46 Million in Saia, Inc. (NASDAQ:SAIA)

KLP Kapitalforvaltning AS acquired a new stake in shares of Saia, Inc. (NASDAQ:SAIA) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 5,400 shares of the transportation company’s stock, valued at approximately $2,461,000.

Several other institutional investors and hedge funds have also bought and sold shares of SAIA. TD Private Client Wealth LLC grew its holdings in Saia by 5.8% in the 4th quarter. TD Private Client Wealth LLC now owns 4,514 shares of the transportation company’s stock worth $2,057,000 after acquiring an additional 249 shares during the last quarter. Teacher Retirement System of Texas bought a new stake in shares of Saia in the fourth quarter worth about $544,000. Royal London Asset Management Ltd. lifted its holdings in Saia by 0.9% in the 4th quarter. Royal London Asset Management Ltd. now owns 130,431 shares of the transportation company’s stock worth $59,441,000 after buying an additional 1,141 shares during the period. Xponance Inc. grew its position in shares of Saia by 4.9% in the 4th quarter. Xponance Inc. now owns 4,475 shares of the transportation company’s stock worth $2,039,000 after buying an additional 209 shares during the last quarter. Finally, Corient Private Wealth LLC increased its stake in shares of Saia by 10.4% during the fourth quarter. Corient Private Wealth LLC now owns 2,721 shares of the transportation company’s stock valued at $1,240,000 after buying an additional 257 shares during the period.

Insider Activity at Saia

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

Saia Stock Performance

SAIA stock opened at $377.04 on Thursday. The stock’s 50 day simple moving average is $436.61 and its 200 day simple moving average is $465.39. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08. Saia, Inc. has a 12-month low of $342.68 and a 12-month high of $624.55. The stock has a market capitalization of $10.04 billion, a PE ratio of 27.91, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89.

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

Analyst Ratings Changes

SAIA has been the topic of several recent analyst reports. Citigroup cut their price target on shares of Saia from $544.00 to $498.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Barclays cut their target price on shares of Saia from $600.00 to $535.00 and set an “overweight” rating on the stock in a research note on Monday, March 10th. The Goldman Sachs Group boosted their price target on shares of Saia from $492.00 to $563.00 and gave the company a “neutral” rating in a research report on Thursday, December 12th. Susquehanna lifted their price objective on Saia from $530.00 to $540.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Finally, TD Cowen increased their target price on Saia from $456.00 to $478.00 and gave the stock a “hold” rating in a research report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $526.39.

Saia Company 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.