US Bancorp DE Reduces Stock Position in Saia, Inc. (NASDAQ:SAIA)

US Bancorp DE trimmed its position in Saia, Inc. (NASDAQ:SAIA) by 13.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,198 shares of the transportation company’s stock after selling 2,736 shares during the quarter. US Bancorp DE owned about 0.07% of Saia worth $10,646,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Contravisory Investment Management Inc. acquired a new stake in Saia during the 4th quarter valued at approximately $26,000. Pineridge Advisors LLC acquired a new position in Saia during the fourth quarter valued at $26,000. Rise Advisors LLC purchased a new stake in Saia in the first quarter valued at $40,000. Core Wealth Advisors Inc. acquired a new stake in Saia during the 4th quarter worth about $32,000. Finally, GAMMA Investing LLC purchased a new position in shares of Saia during the 4th quarter valued at about $43,000.

Saia Trading Up 6.0 %

Shares of SAIA traded up $28.78 during midday trading on Tuesday, reaching $509.42. The company had a trading volume of 428,948 shares, compared to its average volume of 368,182. The company has a quick ratio of 1.23, a current ratio of 1.23 and a debt-to-equity ratio of 0.04. Saia, Inc. has a 1-year low of $341.26 and a 1-year high of $628.34. The firm has a 50 day simple moving average of $436.71 and a 200-day simple moving average of $490.93. The stock has a market cap of $13.55 billion, a PE ratio of 36.91, a price-to-earnings-growth ratio of 1.63 and a beta of 1.72.

Saia (NASDAQ:SAIA) last posted its earnings results on Friday, April 26th. The transportation company reported $3.38 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.43 by ($0.05). The business had revenue of $754.80 million for the quarter, compared to analyst estimates of $772.36 million. Saia had a return on equity of 19.53% and a net margin of 12.42%. Saia’s revenue was up 14.3% compared to the same quarter last year. During the same period last year, the business earned $2.85 EPS. Research analysts forecast that Saia, Inc. will post 15.33 EPS for the current fiscal year.

Insider Buying and Selling at Saia

In other news, Director John P. Gainor, Jr. acquired 500 shares of the company’s stock in a transaction dated Thursday, May 2nd. The stock was acquired at an average cost of $407.00 per share, with a total value of $203,500.00. Following the completion of the purchase, the director now owns 900 shares of the company’s stock, valued at approximately $366,300. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.30% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on SAIA. Evercore ISI raised their target price on Saia from $523.00 to $566.00 and gave the stock an “outperform” rating in a report on Tuesday, June 25th. Benchmark raised their price target on shares of Saia from $575.00 to $625.00 and gave the company a “buy” rating in a research report on Thursday, March 21st. JPMorgan Chase & Co. decreased their price objective on shares of Saia from $676.00 to $580.00 and set an “overweight” rating for the company in a research report on Monday, April 29th. Susquehanna dropped their target price on Saia from $610.00 to $550.00 and set a “positive” rating on the stock in a research report on Wednesday, June 12th. Finally, Bank of America reduced their price target on Saia from $645.00 to $484.00 and set a “buy” rating for the company in a report on Monday, April 29th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $498.00.

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.