UMB Bank n.a. Sells 3,474 Shares of Saia, Inc. (NASDAQ:SAIA)

UMB Bank n.a. reduced its stake in Saia, Inc. (NASDAQ:SAIA - Free Report) by 93.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 233 shares of the transportation company's stock after selling 3,474 shares during the period. UMB Bank n.a.'s holdings in Saia were worth $81,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Apollon Wealth Management LLC bought a new stake in Saia during the 4th quarter worth $252,000. Stephens Inc. AR raised its position in Saia by 15.5% in the fourth quarter. Stephens Inc. AR now owns 1,490 shares of the transportation company's stock valued at $679,000 after purchasing an additional 200 shares during the last quarter. Legato Capital Management LLC boosted its stake in shares of Saia by 100.6% during the fourth quarter. Legato Capital Management LLC now owns 1,565 shares of the transportation company's stock valued at $713,000 after purchasing an additional 785 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Saia by 33.8% during the fourth quarter. Van ECK Associates Corp now owns 23,161 shares of the transportation company's stock valued at $10,555,000 after purchasing an additional 5,845 shares in the last quarter. Finally, Highview Capital Management LLC DE bought a new stake in shares of Saia during the fourth quarter worth about $1,324,000.

Saia Trading Up 0.3%

SAIA opened at $260.81 on Friday. The company has a fifty day moving average price of $285.28 and a two-hundred day moving average price of $393.65. Saia, Inc. has a 1-year low of $229.12 and a 1-year high of $624.55. The company has a market cap of $6.95 billion, a P/E ratio of 19.30, a price-to-earnings-growth ratio of 2.24 and a beta of 2.00. The company has a current ratio of 1.57, a quick ratio of 1.26 and a debt-to-equity ratio of 0.08.

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

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on SAIA shares. Evercore ISI dropped their price objective on shares of Saia from $415.00 to $298.00 and set an "outperform" rating for the company in a report on Monday, April 28th. The Goldman Sachs Group raised shares of Saia from a "neutral" rating to a "buy" rating and raised their price target for the company from $387.00 to $410.00 in a research note on Monday, June 2nd. Bank of America lifted their price target on shares of Saia from $251.00 to $300.00 and gave the stock a "neutral" rating in a report on Friday, May 16th. JPMorgan Chase & Co. decreased their price objective on Saia from $436.00 to $299.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Finally, Wall Street Zen raised Saia to a "sell" rating in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $333.84.

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.

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