M&T Bank Corp Decreases Stock Position in Saia, Inc. (NASDAQ:SAIA)

M&T Bank Corp reduced its position in Saia, Inc. (NASDAQ:SAIA) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,860 shares of the transportation company’s stock after selling 57 shares during the period. M&T Bank Corp’s holdings in Saia were worth $2,216,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Oddo BHF Asset Management Sas purchased a new position in Saia in the 3rd quarter worth approximately $1,408,000. Highview Capital Management LLC DE purchased a new stake in Saia during the 4th quarter valued at $1,324,000. Y Intercept Hong Kong Ltd purchased a new stake in Saia during the 4th quarter valued at $3,363,000. Legato Capital Management LLC raised its stake in Saia by 100.6% during the 4th quarter. Legato Capital Management LLC now owns 1,565 shares of the transportation company’s stock valued at $713,000 after buying an additional 785 shares during the last quarter. Finally, MML Investors Services LLC raised its stake in Saia by 89.8% during the 3rd quarter. MML Investors Services LLC now owns 4,313 shares of the transportation company’s stock valued at $1,886,000 after buying an additional 2,041 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on SAIA shares. Cowen reiterated a “hold” rating on shares of Saia in a research note on Tuesday, February 4th. TD Cowen boosted their target price on shares of Saia from $456.00 to $478.00 and gave the company a “hold” rating in a research note on Tuesday, February 4th. Stifel Nicolaus upgraded shares of Saia from a “hold” rating to a “buy” rating and set a $524.00 target price for the company in a research note on Monday, February 24th. Jefferies Financial Group upped their price objective on Saia from $525.00 to $560.00 and gave the stock a “buy” rating in a research note on Friday, January 10th. Finally, The Goldman Sachs Group upped their price objective on Saia from $492.00 to $563.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $530.00.

Insider Buying and Selling

In related news, CEO Frederick J. Holzgrefe III sold 7,534 shares of Saia stock in a transaction dated 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 approximately $8,599,114.30. This trade represents a 29.92 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Matthew J. Batteh sold 700 shares of Saia stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $500.09, for a total value of $350,063.00. Following the completion of the transaction, the chief financial officer now owns 3,326 shares of the company’s stock, valued at approximately $1,663,299.34. This represents a 17.39 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 9,493 shares of company stock worth $4,646,181. Corporate insiders own 0.30% of the company’s stock.

Saia Stock Down 1.7 %

SAIA opened at $375.92 on Monday. The firm has a 50-day simple moving average of $461.82 and a two-hundred day simple moving average of $468.28. Saia, Inc. has a 52 week low of $358.90 and a 52 week high of $624.55. The company has a market capitalization of $10.01 billion, a PE ratio of 27.83, a price-to-earnings-growth ratio of 2.24 and a beta of 1.89. 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 (NASDAQ:SAIA) last released its quarterly earnings data 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 net margin of 11.28% and a return on equity of 16.63%. The company had revenue of $789.00 million for the quarter, compared to the consensus estimate of $794.69 million. During the same period last year, the company earned $3.33 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. Analysts forecast that Saia, Inc. will post 15.46 earnings per share for the current fiscal year.

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.