Comerica Bank Raises Stake in Saia, Inc. (NASDAQ:SAIA)

Comerica Bank boosted its holdings in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 9.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 68,590 shares of the transportation company's stock after acquiring an additional 6,125 shares during the period. Comerica Bank owned about 0.26% of Saia worth $31,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of SAIA. Tidal Investments LLC lifted its holdings in Saia by 20.2% during the third quarter. Tidal Investments LLC now owns 4,282 shares of the transportation company's stock worth $1,872,000 after buying an additional 719 shares during the period. Franklin Resources Inc. lifted its stake in shares of Saia by 6.0% during the 3rd quarter. Franklin Resources Inc. now owns 68,474 shares of the transportation company's stock worth $31,633,000 after purchasing an additional 3,886 shares during the last quarter. Oddo BHF Asset Management Sas bought a new stake in Saia during the third quarter valued at about $1,408,000. GAMMA Investing LLC grew its stake in Saia by 148.0% in the fourth quarter. GAMMA Investing LLC now owns 367 shares of the transportation company's stock valued at $167,000 after purchasing an additional 219 shares during the last quarter. Finally, Everence Capital Management Inc. purchased a new stake in shares of Saia during the fourth quarter valued at about $301,000.

Saia Stock Performance

SAIA stock traded down $3.59 during midday trading on Tuesday, hitting $255.57. 141,055 shares of the stock traded hands, compared to its average volume of 485,748. 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 stock's fifty day simple moving average is $341.13 and its 200-day simple moving average is $440.52. The firm has a market cap of $6.81 billion, a P/E ratio of 18.92, a PEG ratio of 2.24 and a beta of 2.03.

Saia (NASDAQ:SAIA - Get Free Report) last released its quarterly earnings results on Friday, April 25th. The transportation company reported $1.86 earnings per share for the quarter, missing analysts' consensus estimates 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 analyst estimates of $806.18 million. During the same period in the previous year, the company posted $3.38 EPS. The business's revenue for the quarter was up 4.3% compared to the same quarter last year. On average, analysts expect that Saia, Inc. will post 15.46 earnings per share for the current year.

Insider Transactions at Saia

In other Saia news, CAO Kelly W. Benton sold 460 shares of the firm's stock in a transaction 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 transaction, the chief accounting officer now owns 4,287 shares in the company, valued at approximately $2,143,500. This trade represents a 9.69 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Frederick J. Holzgrefe III sold 7,534 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $487.34, for a total transaction of $3,671,619.56. Following the completion of the sale, the chief executive officer now owns 17,645 shares of the company's stock, valued at $8,599,114.30. This trade represents a 29.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,493 shares of company stock valued at $4,646,181 in the last three months. 0.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently commented on SAIA shares. Susquehanna reduced their price objective on shares of Saia from $540.00 to $410.00 and set a "neutral" rating for the company in a research note on Monday, March 31st. Barclays downgraded Saia from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, April 29th. Morgan Stanley set a $250.00 price objective on Saia in a research report on Friday, April 25th. Wolfe Research downgraded Saia from an "outperform" rating to a "peer perform" rating in a research note on Tuesday, April 29th. Finally, Jefferies Financial Group decreased their price target on Saia from $560.00 to $455.00 and set a "buy" rating for the company in a research note on Wednesday, April 9th. Twelve research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $342.58.

Saia 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.