Comerica Bank Purchases 6,125 Shares of Saia, Inc. (NASDAQ:SAIA)

Comerica Bank raised its holdings in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 9.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,590 shares of the transportation company's stock after buying an additional 6,125 shares during the period. Comerica Bank owned about 0.26% of Saia worth $31,258,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its position in Saia by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 2,522,938 shares of the transportation company's stock worth $1,149,779,000 after acquiring an additional 25,090 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Saia by 69.3% during the 4th quarter. Alliancebernstein L.P. now owns 1,939,615 shares of the transportation company's stock valued at $883,941,000 after buying an additional 794,197 shares during the last quarter. Voya Investment Management LLC boosted its position in Saia by 15.2% during the 4th quarter. Voya Investment Management LLC now owns 374,402 shares of the transportation company's stock valued at $170,598,000 after buying an additional 49,442 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in Saia by 4.5% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 261,803 shares of the transportation company's stock worth $116,670,000 after acquiring an additional 11,177 shares during the last quarter. Finally, Artemis Investment Management LLP increased its position in shares of Saia by 72.9% in the fourth quarter. Artemis Investment Management LLP now owns 249,782 shares of the transportation company's stock valued at $113,833,000 after acquiring an additional 105,356 shares during the period.

Saia Stock Up 9.2 %

NASDAQ SAIA traded up $22.17 during mid-day trading on Friday, reaching $262.33. The stock had a trading volume of 1,588,027 shares, compared to its average volume of 486,664. The stock has a market cap of $6.99 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 2.24 and a beta of 2.03. Saia, Inc. has a 1 year low of $229.12 and a 1 year high of $624.55. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.57 and a quick ratio of 1.26. The company has a fifty day moving average price of $344.04 and a 200 day moving average price of $441.80.

Saia (NASDAQ:SAIA - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share for the quarter, missing the consensus estimate of $2.77 by ($0.91). Saia had a return on equity of 16.63% and a net margin of 11.28%. The business had revenue of $787.58 million during the quarter, compared to analysts' expectations of $806.18 million. During the same quarter in the prior year, the firm earned $3.38 EPS. The firm's revenue for the quarter was up 4.3% compared to the same quarter last year. On average, research analysts expect that Saia, Inc. will post 15.46 earnings per share for the current year.

Insider Buying and Selling at Saia

In other Saia news, EVP Patrick D. Sugar sold 799 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 8,629 shares in the company, valued at approximately $4,260,482.46. This trade 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 is accessible through this hyperlink. Also, CFO Matthew J. Batteh sold 700 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $500.09, for a total transaction of $350,063.00. Following the sale, the chief financial officer now directly owns 3,326 shares of the company's stock, valued at approximately $1,663,299.34. The trade was a 17.39 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,493 shares of company stock valued at $4,646,181. 0.30% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SAIA has been the topic of several recent analyst reports. JPMorgan Chase & Co. cut their target price on Saia from $436.00 to $299.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Wolfe Research lowered Saia from an "outperform" rating to a "peer perform" rating in a research report on Tuesday. Wells Fargo & Company decreased their target price on Saia from $400.00 to $260.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Barclays cut shares of Saia from an "overweight" rating to an "equal weight" rating in a report on Tuesday. Finally, UBS Group cut their target price on shares of Saia from $422.00 to $305.00 and set a "buy" rating on the stock in a research note on Monday, April 28th. Twelve equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $342.58.

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.