Country Club Bank Buys 8,952 Shares of Saia, Inc. $SAIA

Key Points

• Country Club Bank increased its holdings in Saia, Inc. by 195.5% during Q2, acquiring an additional 8,952 shares, bringing its total ownership to approximately $3.75 million.
• Recent analyst reports highlight a positive outlook for Saia, with UBS Group raising its price target to $374 and giving it a "buy" rating, while the average consensus target price is $348.05.
• Saia reported earnings of $2.67 per share, surpassing estimates, despite a 0.7% year-over-year revenue decline, totaling $817.12 million for the quarter.

Country Club Bank raised its position in shares of Saia, Inc. (NASDAQ:SAIA - Free Report) by 195.5% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,532 shares of the transportation company's stock after acquiring an additional 8,952 shares during the period. Country Club Bank owned approximately 0.05% of Saia worth $3,752,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC boosted its stake in shares of Saia by 127.0% during the 1st quarter. Golden State Wealth Management LLC now owns 84 shares of the transportation company's stock worth $29,000 after purchasing an additional 47 shares during the period. Cresset Asset Management LLC lifted its stake in Saia by 3.8% in the first quarter. Cresset Asset Management LLC now owns 1,268 shares of the transportation company's stock worth $443,000 after purchasing an additional 47 shares during the last quarter. DAVENPORT & Co LLC boosted its position in shares of Saia by 1.6% during the second quarter. DAVENPORT & Co LLC now owns 3,456 shares of the transportation company's stock valued at $947,000 after buying an additional 54 shares during the period. Mattson Financial Services LLC grew its stake in shares of Saia by 17.5% during the first quarter. Mattson Financial Services LLC now owns 382 shares of the transportation company's stock valued at $133,000 after buying an additional 57 shares during the last quarter. Finally, Journey Strategic Wealth LLC raised its holdings in shares of Saia by 7.0% in the first quarter. Journey Strategic Wealth LLC now owns 930 shares of the transportation company's stock worth $325,000 after buying an additional 61 shares during the period.

Wall Street Analyst Weigh In

SAIA has been the subject of a number of recent analyst reports. UBS Group boosted their price objective on Saia from $305.00 to $374.00 and gave the company a "buy" rating in a report on Friday. Barclays boosted their target price on shares of Saia from $315.00 to $350.00 and gave the company an "overweight" rating in a research note on Monday, July 28th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Saia in a research note on Saturday, September 27th. Susquehanna raised shares of Saia from a "neutral" rating to a "positive" rating and boosted their price objective for the company from $340.00 to $360.00 in a research report on Wednesday, September 10th. Finally, Wells Fargo & Company dropped their target price on shares of Saia from $365.00 to $330.00 and set an "equal weight" rating on the stock in a research note on Monday. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $348.05.

Saia Trading Up 4.0%

NASDAQ SAIA opened at $309.28 on Tuesday. Saia, Inc. has a one year low of $229.12 and a one year high of $624.55. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.49 and a current ratio of 1.49. The company has a market capitalization of $8.24 billion, a price-to-earnings ratio of 28.56, a price-to-earnings-growth ratio of 13.59 and a beta of 2.00. The company's 50-day simple moving average is $302.20 and its two-hundred day simple moving average is $297.46.

Saia (NASDAQ:SAIA - Get Free Report) last announced its earnings results on Friday, July 25th. The transportation company reported $2.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.39 by $0.28. The business had revenue of $817.12 million for the quarter, compared to analysts' expectations of $826.59 million. Saia had a return on equity of 12.42% and a net margin of 8.96%.The business's revenue for the quarter was down .7% on a year-over-year basis. During the same quarter last year, the firm earned $3.83 EPS. Equities analysts forecast that Saia, Inc. will post 15.46 EPS 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.

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